Transaction costs are major challenge to moving forward toward low-carbon economic growth, as new technologies or policies tend to have higher transaction costs compared with those in the business as usual situation. However, neither a well-developed theoretical foundation nor a consensus interpretation is available for those transaction costs in the existing literature. The definitions and therefore the estimations of transaction costs vary across...
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INFORMATION
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2013/08/01
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Document de travail de recherche sur les politiques
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WPS6565
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1
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1
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2013/08/01
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Disclosed
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Transaction costs of low-carbon technologies and policies : the diverging literature
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transaction cost
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