Based on a case of contracting for environmental property rights, we explore several implications of applying Coase's insights. The case study adds empirical content to transaction costs concepts by analyzing the design and implementation of a contractual arrangement between a pollutee - a...

The 'public' or 'collective' nature of some goods and services has often legitimated the intervention of the 'visible hand' of the state. The new institutional economics initiated by Coase raises objections against this rationale. First, several heterodox authors question the proper nature of...

Based on a real case of contracting for environmental property rights, we explore several implications of Coase's insights. The case study adds empirical content to basic transaction costs concepts by analysing the design and implementation of a contractual arrangement between a pollutee-a...

Based on an authentic case of contracting for environmental property rights, our paper shows several implications of applying the Coases propositions. The case study adds empirical content to basic transaction costs concepts by analyzing the design and implementation of a contractual arrangement...