Water markets—either formal or informal—can be an efficient methodfor reallocating scarce
water supplies. At the same time certain constraints can raise the transaction costs of trading …

This article develops a framework for environmental policy analysis based on an
encompassing assessment of transaction costs. This approach emphasizes the ex ante …

We are both impressed by the book. It merits prominent publication as a far-reaching
application of innovative methodologies to an important, and well explained, worldwide …

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 …

The Institutional Collective Action (ICA) framework has contributed to understanding
collective action problems in fragmented governance and identified mechanisms for …

For 15 years Chile has been the leading international example of pro-market policies for
water resources, and its 1981 Water Code has recently been touted as a model for other …

Water, already a scarce resource, is treated as though it were plentiful and free. The task of
supplying enough water of the required quality to growing populations is straining …

This survey sketches the broad landscape of the field of transaction costs measurement. It
surveys the main research areas concerning transaction costs and offers a taxonomy …

In 1981 Chile's military government dictated a new Water Code that radically changed the
country's previous water rights system by strengthening private property rights, favoring …

There is a growing literature reporting the extent of transaction costs for environmental
policies. However understanding why transaction costs occur and why they are small or …