This paper presents a theory of institutional change that builds upon a synthesis of theoretical insights from the literatures on group selection and socio-economic power. Based on a critical reading of relevant studies in sociology, political science and philosophy, we propose a taxonomy of...

Choices regarding diversity play an important role in economics and innovation management, but often remain implicit. Once made explicit, the objectives of efficiency and diversity are usually posed as in conflict, as efficiency relates positively and diversity negatively to various increasing...

This paper offers an economic value assessment of a nature protection programme in the Veluwe, the Netherlands. This programme involves two defragmentation scenarios: the first scenario connects the central part of the Veluwe with river forelands in a north-eastern direction (i.e. the meadows of...

The notion of dynamic, endogenous diversity and its role in theories of investment and technological innovation is addressed. We develop a formal model of an innovation arising from the combination of two existing modules, with the objective to optimize the net benefits of diversity. The model...

The damage function in the famous climate-economy model DICE has received much criticism. Weitzman (2010) has proposed an alternative approach that gives more serious attention to climate change impacts for larger temperature increases. We calculate optimal climate policy with DICE using this...

In recent debates on environmental problems and policies, the strategy of "degrowth" has appeared as an alternative to the paradigm of economic growth. This new notion is critically evaluated by considering five common interpretations of it. One conclusion is that these multiple interpretations...

In an effort to develop "sustainability economics" Baumgärtner and Quaas (2010) neglect the central concept of environmental economics-"environmental externality". This note proposes a possible connection between the concepts of environmental externality and sustainability. In addition,...