Contracting for Environmental Property Rights: The Case of Vittel
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 bottler of mineral water-and several polluting farmers. We analyse the bargaining between the two parties to determine how transaction cost issues (valuation disputes, bilateral monopoly conditions and third-party effects) were overcome and how they succeeded in contracting for environmental property rights. We compare the Vittel case with other similar cases to draw lessons for environmental rights negotiations. Copyright (c) The London School of Economics and Political Science 2007.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 75 (2008)
Issue (Month): 299 (08)
|Contact details of provider:|| Postal: Houghton Street, London WC2A 2AE|
Phone: +44 (020) 7405 7686
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0013-0427
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0013-0427|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gary D. Libecap, 2005. "Chinatown: Transaction Costs in Water Rights Exchanges. The Owens Valley Transfer to Los Angeles," ICER Working Papers 16-2005, ICER - International Centre for Economic Research.
- Edward L. Glaeser & David I. Laibson & José A. Scheinkman & Christine L. Soutter, 2000.
The Quarterly Journal of Economics,
Oxford University Press, vol. 115(3), pages 811-846.
- Glaeser, Edward Ludwig & Laibson, David I. & Scheinkman, Jose A. & Soutter, Christine L., 2000. "Measuring Trust," Scholarly Articles 4481497, Harvard University Department of Economics.
- Van Zandt, David E, 1993. "The Lessons of the Lighthouse: "Government" or "Private" Provision of Goods," The Journal of Legal Studies, University of Chicago Press, vol. 22(1), pages 47-72, January.
- Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
- Dulbecco, Philippe, 2003. "The Dynamics of the Institutional Change and the Market Economy: Understanding Contemporaneous Market Development Processes," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(2-3), pages 231-251, September.
- Gafsi, M. & Brossier, J., 1997. "Farm management and protection of natural resources: Analysis of adaptation process and dependence relationships," Agricultural Systems, Elsevier, vol. 55(1), pages 71-97, September.
- Barzel,Yoram, 1997. "Economic Analysis of Property Rights," Cambridge Books, Cambridge University Press, number 9780521597135, October.
- Dahlman, Carl J, 1979. "The Problem of Externality," Journal of Law and Economics, University of Chicago Press, vol. 22(1), pages 141-162, April.
- Jung, Chulho & Krutilla, Kerry & Kip Viscusi, W. & Boyd, Roy, 1995. "The coase theorem in rent-seeking society," International Review of Law and Economics, Elsevier, vol. 15(3), pages 259-268, September.
- Coase, R H, 1974. "The Lighthouse in Economics," Journal of Law and Economics, University of Chicago Press, vol. 17(2), pages 357-376, October. Full references (including those not matched with items on IDEAS)