Coase Rules OK? Exploring Prospects for Private Sector Environmental Protection
Environmental policy in Australia, and internationally, has been characterised by taxes, subsidies, regulations and direct state provision. These Pigouvian-inspired measures have paid little attention to the institutional drivers (Coasian rules) that underpin environmental issues. A re-orientation towards environmental protection initiatives driven by institutions that are endogenous to society offers the potential to lower transaction costs and release exchange efficiency improvements of the...[Show more]
|Collections||ANU Research Publications|
|Source:||The Economic Record|
|01_Bennett_Coase_Rules_OK?_Exploring_2012.pdf||100.79 kB||Adobe PDF||Request a copy|
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