Oligopoly The Environment And Natural Resources

Industrial production and consumption patterns rely heavily on the intensive use of both renewable and non-renewable resources and the consequences for the environment can be serious. Following a long period of time where the profit incentives of firms have prevailed over preservation of the environment and the world’s natural resources, a new consensus has emerged concerning the need to regulate firm behaviour, aimed at ensuring the sustainability of the economic system in the long run. This book offers an exhaustive overview of current economic debate about these topics, taking modern oligopoly theory as a benchmark. The first part of the book covers static models dealing with incentives for green research and development, Pigovian taxation, cartels, environmental quality and international trade, as well as the role of corporate social responsibility, public firms and consumer environmental awareness as endogenous regulatory instruments. Then, the author moves on to examine the role of time while drawing from optimal control and differential game theory. This opens the way to the discussion of fair discount rates to ensure the welfare of future generations, as well as the long run sustainability of production and consumption patterns.

With the rising public and political concern about greener production, there is unrelenting pressure on individual companies to mitigate and abate pollution and adopt cleaner technologies. Governments adopt several types of environmental policies and regulations that are aimed at protecting the environment and encouraging efficient use of natural resources. Instruments such as carbon tax, emission quota and abatement subsidy are being proposed and implemented in several countries. Such policies affect firms' strategic decision-making such as creating joint ventures, product differentiation, R&D, expansion and outsourcing. This book examines the relationship between firms' strategic decision making, environmental policies and its resulting effect on society. Each chapter builds a theoretical model in which the market structure is imperfect competition.

One of the central tenets of this book is that governmental policies must be designed to take into account market characteristics and environmental phenomena - simultaneously. This volume contains a new research effort of the `Fondazione Eni Enrico Mattei' and explores the theoretical underpinnings of environmental policy in a sub-optimal world. Topics considered link economic issues (oligopolistic market structures, firm heterogeneity, and the strategic behavior of governments) to environmental issues (emission abatements, cleaner technologies, and environmental taxation). The articles in this volume were chosen to achieve a balance between breadth and depth and were written by leading experts in the field. In short, this book is rich in policy implications and raises new issues and questions for future research.

Natural Resource and Environmental Economics provides a modern. comprehensive and clear and authoritative introduction to the economic analysis to environmental issues.

Economics of Natural Resources and the Environment brings together the approaches of natural resource economics and environmental economics to provide a comprhensive overview of the economics of national international and global environmental problems. A unifying theme throuhhout the book is the concept of "sustainable development" defined as "maximizing the net benefits of economic development while maintaining the services and quality of natural resources over time." The authors emphasize the continuing importance of a mainstream approach. They stress "economic efficiency—getting the most welfare out of a given endowment of resources." And they address the larger moral issues as well. Chapter topics include the historical development of environmental economics, environmental ethics, and pollution control policy in "free" mixed market and centrally planned economies. Other current issues seen from an economic perspective include destruction of the ozone layer, the greenhouse effect, policy weapons in the fight against pollution, and the special problems of the third world. Economics of Natural Resources and the Environment offers a thorough review and synthesis of the major work of the field's senior scholars. It will be of value not only to students of natural resource economics, environmental economics, geography, and environmental sciences but also to all with an interest in economic appraoches to environmental issues.

The WSPC Reference on Natural Resources and Environmental Policy in the Era of Global Change provides a comprehensive and prominent reference of various highly authoritative volumes of long-term scientific value, for milestone concepts and theories. The books in the reference set are edited by leading experts in the fields of: Game Theory, International Relations and Global Politics, Computable General Equilibrium (CGE): Economy-Wide Modeling, and Experimental Economics. Each book in the reference set includes chapters that are laid out by recognized, broadly respected researchers, in fields associated with issues related to natural resources and environmental policy in the era of global change. The reference set focuses on the economic and strategic aspects of interactions among various parts of society, all dependent on the availability and utilization of limited natural resources and their impact on the environment. Policy implications are addressed, including current challenges and future perspectives. The combination of the four books provides a unique perspective on the issues that engage the public discourse of researchers and policy-makers at state, regional, and global levels. Each of the books in the reference set and all four books as a whole provide coverage of disciplines and angles through which the reader can obtain an understanding of the state-of-the-art of dealing with natural resources and environmental policy in the era of global change. The books in the reference set complement each other and provide a scientific understanding of our ability to address the issues covered. Contents: Volume 1: Game Theory: Overcoming Principal–Agent Problems to Improve Cooperative Governance of Internationally Shared Fisheries (Megan Bailey, Niels Vestergaard and U Rashid Sumaila)Common Property Resource Exploitation under Imperfect Competition (Hassan Benchekroun)Mitigation and Solar Radiation Management in Climate Change Policies (Vassiliki Manoussi and Anastasios Xepapadeas)On the Strategic Use of Import Tariffs to Control Trans-Boundary Externalities (Charles F Mason, Victoria I Umanskaya and Edward B Barbier)Non-Point Source Pollution in an International Context (Kathleen Segerson)Game Theoretic Modeling of Environmental NGOs in an International Context (Anthony Heyes and Bogdan Urban)On the Interplay between Resource Extraction and Polluting Emissions in Oligopoly (Luca Lambertini)Deforestation and REDD+: Taking Stock of the Latest Institutional Possibilities (Charles Figuières and Estelle Midler)Climate Policies, Technical Change and R&D (André Grimaud and Luc Rouge)Strategic Behavior and the Porter Hypothesis (Francisco J André)Transboundary Pollution, Clean Technologies and International Environmental Agreements (Hassan Benchekroun and Amrita Ray Chaudhuri)International Trade and the Environmental Goods and Services Industry (Solveig Delabroye, Alain-Désiré Nimubona and Bernard Sinclair-Desgagné)Differential Games: Solution Concepts and Applications to Global Resources and Environmental Problems (Ngo Van Long)Volume 2: The Social Ecology of the Anthropocene: Continuity and Change in Global Environmental Politics: Challenges of the Anthropocene: The Science of the Anthropocene (Kristen A Goodrich and Evgenia Nizkorodov)The Discursive Construction of the New Arctic (Elizabeth Mendenhall)Governance through Goal-Setting: A New Governance Challenge for Navigating Sustainability in the 21st Century (Norichika Kanie)Continuity and Innovation in Gl

This 7th edition offers a wealth of new examples and hot topics, such as genetically modified organisms and the cost effectiveness of new transportion fuels. The international edition also considers environmental problems and policies in Western Europe, China and the developing nations.