Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154996
Authors: 
Bürgenmeier, Beat
Year of Publication: 
1999
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 42.1999
Abstract: 
This paper uses a transaction cost approach in order to classify the different policy options that are currently discussed in relation to the Kyoto protocol. It analyses the market as only one of the possible collective decision making processes, which are available to operationalize the concept of sustainable development. The firm, the third sector, the government, the market are analysed as collective decision making processes. They are socially constructed in the sense that they are institutions, which are subject to change. Compared to initial and already existing institutions, the policy options for environmental protection are evaluated in the light of the associated transaction costs. The paper concludes with the recommendation for new institutional arrangements minimising transaction costs at both the national and international level.
Subjects: 
Kyoto protocol
Policy mix
Transaction costs organisations and contacts
National guidelines
International institutions
JEL: 
D23
Q20
Q28
Q38
Document Type: 
Working Paper

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