Economic mechanisms for environmental protection: Business versus market transaction costs

  • Conchita Garcés Ayerbe
  • Carmen Galve Górriz


This study presents theoretical arguments and evidence that attempt to show the contribution of economic mechanisms typical of a business for resolving problems of environmental protection. Firstly, a brief synopsis is given of the classic solutions that environmental economics proposes for correcting environmental externalities. Next, the benefit of expanding these two mechanisms is discussed so that they include those intermediate mechanisms for which it is not possible to clearly establish if they are developed within the domain of the market or the business. The study's focus resides in the fact that the explicit expansion of the range of solutions proposed from a macroeconomic point of view establishes a connecting point between environmental economics and business economics, an area in which academic attention to environmental matters has been significantly less.


Economic Growth Environmental Protection Transaction Cost International Economic Environmental Economic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© International Atlantic Economic Society 2003

Authors and Affiliations

  • Conchita Garcés Ayerbe
    • 1
  • Carmen Galve Górriz
    • 1
  1. 1.University of ZaragozaSpain

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