Contracting for Environmental Property Rights: The Case of Vittel

23 Pages Posted: 17 Jul 2008

See all articles by Christophe Depres

Christophe Depres

National Institute for Agricultural Research (INRA) - CESAER

Gilles Grolleau

Montpellier SupAgro and Researcher at LAMETA

Naoufel Mzoughi

INRA Ecodéveloppement

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Abstract

Based on a real case of contracting for environmental property rights, we explore several implications of Coase's insights. The case study adds empirical content to basic transaction costs concepts by analysing the design and implementation of a contractual arrangement between a pollutee—a bottler of mineral water—and several polluting farmers. We analyse the bargaining between the two parties to determine how transaction cost issues (valuation disputes, bilateral monopoly conditions and third-party effects) were overcome and how they succeeded in contracting for environmental property rights. We compare the Vittel case with other similar cases to draw lessons for environmental rights negotiations.

Suggested Citation

Depres, Christophe and Grolleau, Gilles and Mzoughi, Naoufel, Contracting for Environmental Property Rights: The Case of Vittel. Economica, Vol. 75, Issue 299, pp. 412-434, August 2008, Available at SSRN: https://ssrn.com/abstract=1161924 or http://dx.doi.org/10.1111/j.1468-0335.2007.00620.x

Christophe Depres (Contact Author)

National Institute for Agricultural Research (INRA) - CESAER ( email )

26 Bd Dr Petitjean
Dijon Cedex, 21079
France

Gilles Grolleau

Montpellier SupAgro and Researcher at LAMETA ( email )

France

Naoufel Mzoughi

INRA Ecodéveloppement ( email )

Domaine Saint-Paul - Site Agroparc
Avignon cedex 9, 84914
France

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