Transaction cost measurement for evaluating environmental policies
Policy choice and policy design need to take account of transaction costs in order to increase the efficiency and sustainability of policies. However, transaction costs must first be measured to be included in the evaluation of alternative environmental or natural resource policies. While a number o...
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| Veröffentlicht in: | Ecological economics 2005-03, Vol.52 (4), p.527-542 |
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| container_title | Ecological economics |
| container_volume | 52 |
| creator | McCann, Laura Colby, Bonnie Easter, K. William Kasterine, Alexander Kuperan, K.V. |
| description | Policy choice and policy design need to take account of transaction costs in order to increase the efficiency and sustainability of policies. However, transaction costs must first be measured to be included in the evaluation of alternative environmental or natural resource policies. While a number of studies measure transaction costs, there has been no systematic treatment of the fundamental issues involved. This article examines the issues involved in transaction cost measurement and makes recommendations regarding a typology of costs as well as the measurement methodologies themselves. In particular, methods used for nonmarket valuation of environmental goods may have potential for the measurement of transaction costs. |
| doi_str_mv | 10.1016/j.ecolecon.2004.08.002 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0921-8009 |
| ispartof | Ecological economics, 2005-03, Vol.52 (4), p.527-542 |
| issn | 0921-8009 1873-6106 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38079348 |
| source | RePEc; Elsevier ScienceDirect Journals Complete |
| subjects | Environmental economics Environmental policy Evaluation Measurement Measurement methodologies Methodology Policy analysis Public policy Research trends Time Transaction costs Typology |
| title | Transaction cost measurement for evaluating environmental policies |
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