Ex-ante regulations and ex-post liabilities for using a new technology will induce additional costs for adopters. The standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of negotiating possible cost reductions. The case analysed is...

Focuses on the institutional perspective on the management of natural resources in the light of the interdisciplinary debate on sustainability. This book reflects the trends in combining institutions and sustainability, and summarises conceptual developments in environmental economics

The institutional perspective on the management of natural resources in the light of the interdisciplinary debate on sustainability is the focus of the agricultural and resource economist Konrad Hagedorn. Institutions and Sustainability reflects the latest trends in combining institutions and...

This paper considers farmland conversion for the purpose of urban development as a series of transactions and discusses the determinants of appropriate governance structures for governing farmland conversion in terms of process efficiency. Towards this end, the paper develops a theoretical...

We investigated the capacity of a natural resource governance system to absorb a disturbance while maintaining its major structures and functions (defined as institutional resilience). Exemplified by East German recreational fisheries governance being disturbed by the German reunification, we...

Since 1992 the provision of agri-environmental schemes (AESs) has been obligatory for member states of the European Union. However, decisions concerning the actual design of schemes and measures are left to member states who have to integrate this policy within their administrative structures...