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Transaction costs and agri-environmental policy measures: are preferences influencing policy implementation?

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  • Fredrik Olof Laurentius Nilsson

Abstract

This paper investigates whether the level of transaction costs of a Swedish agri-environmental policy measure is attributable to technical factors or whether political factors, such as lobby groups and political majorities at the county level, influence the costs. A previous study indicated that political factors may influence the level of transaction costs, but the extreme bounds analysis performed in this paper reveals that those results are fragile. It shows that three of the technical variables are robust with respect to model specifications but that none of the political variables are. Thus, no evidence can be found that political factors influence the level of transaction costs.

Suggested Citation

  • Fredrik Olof Laurentius Nilsson, 2009. "Transaction costs and agri-environmental policy measures: are preferences influencing policy implementation?," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 52(6), pages 757-775.
  • Handle: RePEc:taf:jenpmg:v:52:y:2009:i:6:p:757-775
    DOI: 10.1080/09640560903083723
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    References listed on IDEAS

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    1. J. Benson Durham, 2002. "The extreme bounds of the cross-section of expected stock returns," Finance and Economics Discussion Series 2002-34, Board of Governors of the Federal Reserve System (U.S.).
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    Cited by:

    1. Coggan, Anthea & Buitelaar, Edwin & Whitten, Stuart & Bennett, Jeff, 2013. "Factors that influence transaction costs in development offsets: Who bears what and why?," Ecological Economics, Elsevier, vol. 88(C), pages 222-231.
    2. Coggan, Anthea & Whitten, Stuart M. & Bennett, Jeff, 2010. "Influences of transaction costs in environmental policy," Ecological Economics, Elsevier, vol. 69(9), pages 1777-1784, July.

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