To reduce a negative externality, socially responsible households can invest responsibly (SRI), consume responsibly (SRC), or do both. Which is better? In a closed microeconomic model with intertwined product and capital markets, we analyze how responsible households should use SRI and SRC to...

This book highlights matters that relate to technology driven solutions toward the combination of social ecology and sustainable development, addressing the issues of development in advancing and transitioning economies through creating new ideas and solutions. - Provided by publisher