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Coase Rules OK? Exploring Prospects for Private Sector Environmental Protection

Bennett, Jeffrey

Description

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]

dc.contributor.authorBennett, Jeffrey
dc.date.accessioned2015-12-10T23:15:45Z
dc.identifier.issn0013-0249
dc.identifier.urihttp://hdl.handle.net/1885/64776
dc.description.abstractEnvironmental 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 type demonstrated by Ostrom in the context of common property resources and Williamson in the case of firm organisation. Australian examples of private sector nature protection initiatives are used to demonstrate this potential.
dc.publisherBlackwell Publishing Ltd
dc.sourceThe Economic Record
dc.subjectKeywords: environmental issue; environmental policy; environmental protection; private sector; transaction cost; Australia
dc.titleCoase Rules OK? Exploring Prospects for Private Sector Environmental Protection
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume88
dc.date.issued2012
local.identifier.absfor140205 - Environment and Resource Economics
local.identifier.ariespublicationf5625xPUB997
local.type.statusPublished Version
local.contributor.affiliationBennett, Jeffrey, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue281
local.bibliographicCitation.startpage278
local.bibliographicCitation.lastpage287
local.identifier.doi10.1111/j.1475-4932.2011.00783.x
dc.date.updated2016-02-24T09:46:38Z
local.identifier.scopusID2-s2.0-84862024834
local.identifier.thomsonID000304902200008
CollectionsANU Research Publications

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