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This paper proposes an empirical method to estimate the model of sustainable profit and corporate social responsibility originated by Sudtasan and Suriya (2013). It suggests analysts to use data from official financial statements of companies which may be reported to the Stock Exchange in a...
Persistent link: https://www.econbiz.de/10011113180
This paper builds upon a view of economic system and individual economic organization as problem-solving arrangements and presents a simple model of adaptive problem-solving driven by trial-and-error and collective selection. The institutional structure, and in particular its degree of...
Persistent link: https://www.econbiz.de/10005292623
Looking through contributions about microeconomic theory, from classics to modern theory, it is possible to identify various attitudes on the role that firms play in the market. To simplify the existing multiplicity of opinion, two distinct positions can be recognized: 1) the first one considers...
Persistent link: https://www.econbiz.de/10005837341
This paper offers a sketch of what an economic theory of the firm would look like if it were founded on the thought of Joseph Schumpeter, particularly on Chapters 1-2 of his Theory of Economic Development. Schumpeterian analysis requires an intuitively appealing and realistic conceptualization...
Persistent link: https://www.econbiz.de/10005518699
states an inverse U-relationship between pollution and income. The presented model specifically shows how a dynamic … environmental Kuznets curve can emerge by introducing pollution and abatement technology in a public spending model of endogenous … that taxes reduce the level of pollution by pulling down the environmental Kuznets curve. Lastly the numerical exercises …
Persistent link: https://www.econbiz.de/10011113158
As at today, it is an indisputable fact that the climate is changing and there is a scientific consensus that the world is becoming a warmer place principally attributable to human activities. Regrettably, the physical impacts of future climate change on humans and the environment will include...
Persistent link: https://www.econbiz.de/10011259199