WIT Press


A Transaction Cost Approach To Assess The Water Framework Directive Implementation

Price

Free (open access)

Paper DOI

10.2495/WRM090501

Volume

125

Pages

12

Page Range

567 - 578

Published

2009

Size

498 kb

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