Transaction costs and environmental policy design

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Transaction costs, collective action and adaptation in managing complex social–ecological systems (2013, background): “Such features of wicked problems are characteristic of many contemporary environmental adaptation challenges (Bellamy 2007; McCann 2013).”
Evaluating the outcomes of payments for ecosystem services programmes using a capital asset framework (2014, background): “The prohibitive nature of programme transaction costs (McCann et al., 2005; McCann, 2013) may dictate that bilateral donor funding is essential to implement PES programmes.”