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Intermediaries in environmental offset markets: Actions and incentives

Coggan, Anthea; Buitelaar, Edwin; Whitten, Stuart M; Bennett, Jeffrey

Description

Transaction cost theory and application tells us that when buyers and sellers in a market incur transaction costs, intermediaries may become involved. Specifically, intermediaries influence the cause of the transaction costs to buyers and sellers such that transaction costs are reduced. In this paper we assess if and how this occurs for a number of case study government created and private emergent intermediaries in Australian environmental offset markets. We find that the causes of transaction...[Show more]

CollectionsANU Research Publications
Date published: 2013
Type: Journal article
URI: http://hdl.handle.net/1885/69686
Source: Land Use Policy
DOI: 10.1016/j.landusepol.2012.10.002

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