Environmental applications from the Coase theorem: the case of the carbon credit market
Keywords:
Coase´s theorem, Externalities, Carbon credit Market,Abstract
The article evaluates the influence from Coase´s writings on the development from the carbon credit market. It begins debating the origin of Coase theory, explaining its basic principles, the propriety rights and transaction costs. Then, it shows the relations between Coase theorem and it environmental applications. After explaining how the carbon credit market was developed and the main criticisms towards its functioning, the article concludes that the Coase theorem is the theoretical base from this market and it´s an important tool to make advances on environmental policy.Downloads
Published
29/11/2016
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