Transaction costs

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dc.contributor.authorJindal, Rohiten
dc.contributor.authorKerr, Johnen
dc.contributor.departmentSustainable Agriculture and Natural Resource Management (SANREM) Knowledgebaseen
dc.date.accessioned2016-04-19T19:31:19Zen
dc.date.available2016-04-19T19:31:19Zen
dc.date.issued2007en
dc.description.abstractIntroduction: Transaction costs are the costs of negotiating, contracting, implementing, and monitoring a PES program. They include all costs borne by a PES program other than those of actually producing an environmental service (such as investment in new land-use practices). These costs include not only monetary but also non-monetary costs, such as time expended by various program participants. Transaction costs can be divided into two broad categories: (1) ex ante or initial costs of achieving an agreement, and (2) ex post or costs of implementing an agreement once it is in place. The specifics under each of these categories can vary by case. In general, PES programs face costs related to searching for program partners, negotiating contracts, obtaining necessary approval, monitoring program activities, complying with contractual agreements, and insuring against the failure to secure the environmental service.en
dc.description.notesPES-1 (Payments for Environmental Services Associate Award)en
dc.format.mimetypeapplication/pdfen
dc.identifier3393en
dc.identifier.citationUSAID PES Brief 3.4en
dc.identifier.other3393_PESbrief3_4_TransactionCosts.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/67498en
dc.language.isoen_USen
dc.publisherBlacksburg, VA: SANREM CRSP, OIRED, Virginia Techen
dc.relation.urihttp://www.oired.vt.edu/sanremcrsp/documents/PES.Sourcebook.Oct.2007/PESbrief3.4.TransactionCosts.pdfen
dc.relation.urihttp://www.oired.vt.edu/sanremcrsp/menu_research/PES.Sourcebook.Contents.phpen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectPayments for environmental servicesen
dc.subjectPESen
dc.subjectTransaction costsen
dc.subjectNegotiationen
dc.subjectMonitoringen
dc.subjectEnforcementen
dc.subjectGuidelinesen
dc.subjectEconomies of scaleen
dc.subjectInstitutional innovationsen
dc.subjectIntermediariesen
dc.subjectGroup contractsen
dc.titleTransaction costsen
dc.typeWorking paperen
dc.type.dcmitypeTexten

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