A New Institutional Perspective on Environmental Issues
AbstractThis paper focuses on how to deal with environmental problems, through the lenses of the New Institutional Economics. The emphasis is on the intertwined role of organizational solutions and their institutional settings. This is not to say that technological solutions to environmental problems should be dismissed. However, it is argued that 'environmental innovation' is often of organizational nature, deeply embedded in institutions that adapt very slowly, making 'societal transitions' particularly challenging. The New Institutional Economics provides some key concepts to explore these dimensions and their interactions, thus shedding light on alternative solutions and the conditions of their implementation. Most examples come from the water sector.
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Bibliographic InfoPaper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00624307.
Date of creation: 2011
Date of revision:
Publication status: Published, Environmental Innovation and Societal Transitions, 2011, 1, 1, 115-120
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Organizations; Institutions; Property Rights; Contracts; Regulation; Transaction Costs; Water;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-10-01 (All new papers)
- NEP-CWA-2011-10-01 (Central & Western Asia)
- NEP-ENV-2011-10-01 (Environmental Economics)
- NEP-REG-2011-10-01 (Regulation)
- NEP-RES-2011-10-01 (Resource Economics)
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