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| Author: | Cerin, P. Karlson, L. |
| Title: | Business incentives for sustainability: a property rights approach |
| Journal: | Ecological Economics
2002 : JAN, VOL. 40:1, p. 13-22 |
| Index terms: | ENVIRONMENTAL PROTECTION INCENTIVES PRODUCT LIFE CYCLE PROPERTY RIGHTS SUSTAINABLE DEVELOPMENT TRANSACTION COSTS |
| Language: | eng |
| Abstract: | Environmental effects from products often appear as externalities, outside the legal boundary of the producing company. These companies often possess the best competence to optimise the total life cycle environmental performance of its products. The authors propose a concept for trading of product life cycle (PLC) emission rights, based on property rights and transaction cost theories considering the problem with asymmetric information over the value chain. |
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