A Transaction Cost Approach To Assess The Water
Framework Directive Implementation
Author(s)
M. Laurenceau, F. Destandau & A. Rozan
Abstract
To assess integrated water policy performance, pollution abatement costs shall
be weighted against overall policy implementation costs. The European Water
Framework Directive (WFD) requires the design of cost-effective programs of
measures (pollution abatement costs). Other policy implementation costs are
difficult to identify and measure. We propose a transaction cost approach to
balance the costs of programs of measures with overall costs or constraints
related to the implementation process. We provide examples from France,
Belgium and The Netherlands to illustrate transactions characteristics and
transaction cost optimisation strategies. The factors affecting transactions
constitute key elements for policy change.
Keywords: transaction costs, policy, programs of measures, cost-benefit
analysis.
Keywords
transaction costs, policy, programs of measures, cost-benefit
analysis
Related Book
Other papers in this volume
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