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approach of irreversibility. They allow us to evaluate both the technological level and the environmental impact of the … irreversible thermodynamic approach, in order to evaluate the inefficiency both of the process and of the production systems, and … the related consequences. Three applications are summarized in order to highlight the possible interest from different …
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-- 11. Energetics -- 12. Evolutionary theory and genetics -- 13. Entropy, exergy, information and complexity -- 14. The …) system -- an “island of order” –that exists far from both thermodynamic and economic equilibrium. Order is achieved by …
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, considering prospective learning increases today?s abatement effort, i.e. the ?irreversibility effect? holds, if the weight on EU … is small. This contrasts standard results on the irreversibility effect for EU which translates to small weights on … MaxiMin. There is, however, the possibility of a negative value of learning. It is shown that the irreversibility effect holds …
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standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …
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standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of …
Persistent link: https://www.econbiz.de/10010299956
Recent advances in evolutionary theory have important implications for environmental economics. A short overview is offered of evolutionarythinking in economics. Subsequently, major concepts and approaches inevolutionary biology and evolutionary economics are presented andcompared. Attention is...
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