Models in evolutionary economics and environmental policy: Towards an evolutionary environmental economics
In this paper we review evolutionary economic modelling in relation to environmental policy. We discuss three areas in which evolutionary economic models have a particularly high added value for environmental policy-making: the double externality problem, technological transitions and consumer demand. We explore the possibilities to apply evolutionary economic models in environmental policy assessment, including the opportunities for making policy-making endogenous to environmental innovation. We end with a critical discussion of the challenges that remain.
Year of publication: |
2008-04
|
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Authors: | Faber, Albert ; Frenken, Koen |
Institutions: | Utrecht University, Department of Innovation Studies |
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