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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Oligopoly, the Environment and Natural Resources (Paperback)
Loot Price: R1,530
Discovery Miles 15 300
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Oligopoly, the Environment and Natural Resources (Paperback)
Series: Routledge Explorations in Environmental Economics
Expected to ship within 12 - 17 working days
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Industrial production and consumption patterns rely heavily on the
intensive use of both renewable and non-renewable resources and the
consequences for the environment can be serious. Following a long
period of time where the profit incentives of firms have prevailed
over preservation of the environment and the world's natural
resources, a new consensus has emerged concerning the need to
regulate firm behaviour, aimed at ensuring the sustainability of
the economic system in the long run. This book offers an exhaustive
overview of current economic debate about these topics, taking
modern oligopoly theory as a benchmark. The first part of the book
covers static models dealing with incentives for green research and
development, Pigovian taxation, cartels, environmental quality and
international trade, as well as the role of corporate social
responsibility, public firms and consumer environmental awareness
as endogenous regulatory instruments. Then, the author moves on to
examine the role of time while drawing from optimal control and
differential game theory. This opens the way to the discussion of
fair discount rates to ensure the welfare of future generations, as
well as the long run sustainability of production and consumption
patterns.
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