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Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10011350354
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10011401108
Persistent link: https://www.econbiz.de/10009745924
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10001596279
About the author -- Preface -- Acknowledgements -- Setting the scene : integral innovation -- Cultural innovation … -- Eco-innovation -- Technological innovation -- Economic and business innovation -- Individual innovation -- Innovative … communities and cities -- Organizational innovation -- National innovation systems : synthesis -- Synthesis & epilogue -- Index …
Persistent link: https://www.econbiz.de/10011628433
Erweiterte Version eines Berichts an die britische Regierung über die Notwendigkeit von mehr staatlichen Initiativen zur Wirtschaftsförderung und gegen den Subventionsabbau. Widerlegt werden soll das Vorurteil eines trägen Staates (Private Sector Myths) an zahlreichen Beispielen aus...
Persistent link: https://www.econbiz.de/10014008492
Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...
Persistent link: https://www.econbiz.de/10009756103
The social cost of carbon (SCC) is a monetary measure of the harms from carbon emission. Specifically, it is the reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO2. The standard approach is to calculate the SCC using...
Persistent link: https://www.econbiz.de/10011547506
Persistent link: https://www.econbiz.de/10011551511
This paper reviews recent research on the aggregation of heterogeneous time preferences. Main results are illustrated in simple Ramsey models with two or three agents who differ in their discount factors. We employ an intertemporal view on these models and argue that preferences of a decision...
Persistent link: https://www.econbiz.de/10012546897