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A New Institutional Perspective on Environmental Issues

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  • Claude Ménard

    () (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This 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.

Suggested Citation

  • Claude Ménard, 2011. "A New Institutional Perspective on Environmental Issues," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00624307, HAL.
  • Handle: RePEc:hal:cesptp:halshs-00624307
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00624307
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    Keywords

    Organizations; Institutions; Property Rights; Contracts; Regulation; Transaction Costs; Water;

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