Australasia's Biggest Online Store

We won't be beaten by anyone. Guaranteed

Institutions, Transaction Costs and Environmental Policy
By

Rating
Product Details

Table of Contents

Contents: Preface and Acknowledgements 1. Introduction 2. Institutions and Use of Natural Resources 3. Institutions of Water Use for Irrigation in the Murray-Darling Basin 4. Static Transaction Costs in Allocation of Water Resources 5. Transaction Costs and Institutional Change 6. Dynamic Transaction Costs and Option Values in Institutional Change 7. Policy Analysis for Institutional Change 8. Conclusions References Index

About the Author

Ray Challen, Associate Director, The Allen Consulting Group, Perth, Australia

Reviews

`This book will be of particular benefit to those with an interest in the application of new institutional economics to natural resource management . . . the conceptual model developed in the book provides a useful framework for analysing general issues associated with institutional analysis and choice . . . the book offers readers a valuable insight into the application of transaction cost analysis to understand institutions.' -- Lin Crase, Australian Journal of Agricultural and Resource Economics `. . . this book provides an interesting insight into the institutional framework for natural resource allocation.' -- Liu Gang, Economic Record `Challen has written an outstanding book.' -- Dieter Hecht, European Review of Agricultural Economics `This is an excellent piece of work, applying the economic theory of property rights and transaction costs to the complex policy problems associated with water use in irrigation. Challen examines the determination of transaction costs and the way they interact with a realistic specification of property rights. He thereby avoids the two main defects found in much work in this area: first, the use of a simplistic division of property rights schemes, for example one based on polar categories of private property and common property, defined to mean open access, and second, a tendency to use the category of transaction costs as an unexamined "black box".' -- John Quiggin, James Cook University, Australia `A most encouraging trend in economics concerns the careful and non-teleological study of institutions. From an era in which institutions were completely ignored, through an era in which it was thought that institutions were mere constraints on otherwise beneficent behavior in markets, through an era in which it was thought that the purpose of institutions was to promote economic efficiency, we now seem to be firmly in an era in which it is understood that institutions are the very bedrock of economic and social interaction. The analysis of institutions will fall into incoherence if we insist on seeing them as teleological rather than as instrumental. Once there, we must still understand the purposes that different individuals and collectivities ascribe to particular institutional set ups. In this careful book Ray Challen offers clear conceptual guidance to the study of economic institutions. He also shows us how one can undertake the analysis of institutional choice. The problem setting is water resources in eastern Australia. The lessons are profoundly international, and the approach is refreshingly promising.' -- Daniel W. Bromley, University of Wisconsin-Madison, US

Ask a Question About this Product More...
Write your question below:
Look for similar items by category
People also searched for
How Fishpond Works
Fishpond works with suppliers all over the world to bring you a huge selection of products, really great prices, and delivery included on over 25 million products that we sell. We do our best every day to make Fishpond an awesome place for customers to shop and get what they want — all at the best prices online.
Webmasters, Bloggers & Website Owners
You can earn a 5% commission by selling Institutions, Transaction Costs and Environmental Policy: Institutional Reform for Water Resources (New Horizons in Environmental Economics Series) on your website. It's easy to get started - we will give you example code. After you're set-up, your website can earn you money while you work, play or even sleep! You should start right now!
Authors / Publishers
Are you the Author or Publisher of a book? Or the manufacturer of one of the millions of products that we sell. You can improve sales and grow your revenue by submitting additional information on this title. The better the information we have about a product, the more we will sell!
Item ships from and is sold by Fishpond World Ltd.
Back to top