L'externalite et la transaction environnementale: Les deux faces de la meme piece? (Externalities and Environmental-Related Transactions: The Two Faces of the Same Coin? With English summary.)

摘要

The externality concept has generated fruitful advances in environmental economics but can be usefully completed by the environmental-related transaction. This innovative perspective emphasizes the causes explaining the level of transaction costs and the strategies used to make this level compatible with Coasean solutions. We characterize environmental-related transactions. We also explore several reasons susceptible to explain why the Coase 1960 article has not benefited from an operationalization a la Williamson and show that extending transaction costs economics to environmental related transactions constitutes a promising challenge, especially to inform the choice of regulatory instruments.