This paper discusses the merits and limits of the recent European energy policy aimed at reducing carbon emissions, devoting particular attention to the European trading system of carbon permits and to the measures that the European Union has adopted to promote renewable energy sources. From the...

Drawing from a broad range of sources, we define and discuss the two primary ways of contemplating issues related to environmental economics, namely, interventionism and libertarianism. We then interpret a cellular automaton as a model that allows for either approach, as well as anarchy, and...

On 27 October 2007 the Russian Federation revoked Lufthansa Cargo's rights to fly over Russian territory. The withdrawal came as a surprise to Lufthansa Cargo and shortly after the dispute started it evolved from an economic to a political conflict which awoke international interest. The...

Does evolutionary theory help, for a theory of the firm, or, more widely, a theory of organization? In this paper I argue that it does, to some but also limited extent. Evolutionary theories of economies, and of culture, have acquired considerable following, but have also been subject to...

In 1937, Ronald Coase proposed that the cost of transacting between producers and suppliers will determine the economic organisation of a firm. From this original insight, and further refinements, an important stream of literature developed providing the foundations for transaction-cost...

How can an instructor facilitate a critical examination of the theory of the firm found in mainstream microeconomics principles texts? We suggest not presenting a single alternative paradigm, where students might feel constrained to choose one over the other, but rather an 'anti-text' that shows...

The focus of evolutionary economics is a process of continuous and irreversible economic and organizational change over time. Currently there is no agreement on the explanation of economic evolution. From the perspective of the history of economic thought, at first the theoretical approaches of...

Globalization has been identified by many experts as a new way firms organize their activities. This Paper surveys recent work that examines the role of trade integration between similar and dissimilar countries for these changes in corporate organization. It is shown that international...