We study the incentives towards horizontal merger among firms when the amount of capital is the strategic variable. The type of firms we focus on is workers' cooperatives, but our conclusions apply also to employment-constrained profit maximisers. Within a simple oligopoly model, we prove that...

Sustainable consumption is gaining currency as a new environmental policy objective. This paper applies 'new economics' theory to evaluate a local organic food initiative as a tool for 'alternative' sustainable consumption, which is here understood to mean redefining social infrastructure and...

In recent years organically-grown produce for local markets has become more popular with consumers, and re-localising food chains has been put forward as a strategy for sustainable consumption due to the apparent benefits to local economies, communities, and environments. Notions of 'sustainable...