The siting of solid biomass energy plants can be conceived as a transaction process taking place between two specific economic agents, the investor and local community. The investor is interested in obtaining the use right for local resources (e.g. area for setting; natural resources to feed the process, release of pollutants in the environment) while the community expects an increase of net benefits (es. job opportunities, induced industrial development, revitalization of the local economy). This transaction process has been analyzed according to the typical transaction costs theory, where the economic activities are conceived as the result of transactions among economic agents, which are hindered by three main obstacles: a) bounded rationality, b) opportunism, c) asset specificity. By applying the New Institutional theory approach, we treat the issue of social acceptance as a transaction cost problem. The aim is to identify the best practices adopted by biomass firms managers in order to enhance the social acceptance of solid biomass plants at local community level. In this paper we conduct a positive analysis where the methodological approach is based on the comparison of five case successful study cases. This allowed us to identify thirteen measures, capable to foster the social acceptance, and consequently to reduce the costs related to the investment.
Keywords: Best practices, social acceptance, biomass plants, transaction costs
Jel Code: Q42, Q52
Emilio De Meo, Antonio Lopolito, Maurizio Prosperi, Giacomo Giannoccaro, Rosa Anna Ciccone, Identification of good practices aimed at favouring acceptance of solid biomass plants by the local community in "RIVISTA DI ECONOMIA AGRARIA" 2/2013, pp. 43-62, DOI:10.3280/REA2013-002003