Williamson and Coase: Transaction Costs or Rent-Seeking in the Formation of Institutions
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https://www.nber.org/papers/w32603
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资源简介：
In 1960, Ronald Coase offered a decentralized bargaining framework for reducing transaction costs in externality mitigation. Subsequent US environmental policies have not made it primary. Policies are centralized and prescriptive. To explore why, I examine the Clean Air Act Amendments of 1970, 1977,
提供机构：
美国国家经济研究局
创建时间：
2024-06-01
