Oligopoly, the Environment and Natural Resources

Oligopoly, the Environment and Natural Resources PDF

Author: Luca Lambertini

Publisher: Routledge

Published: 2013-08-21

Total Pages: 360

ISBN-13: 1134613555

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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.

Oligopoly, the Environment and Natural Resources

Oligopoly, the Environment and Natural Resources PDF

Author: Luca Lambertini

Publisher: Routledge

Published: 2013-08-21

Total Pages: 365

ISBN-13: 1134613628

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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.

Environmental Policy and Market Structure

Environmental Policy and Market Structure PDF

Author: Carlo Carraro

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 220

ISBN-13: 940158642X

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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.

Economics of Environmental Policy in Oligopolistic Markets

Economics of Environmental Policy in Oligopolistic Markets PDF

Author: Mahelet G. Fikru

Publisher: Nova Science Publishers

Published: 2015

Total Pages: 0

ISBN-13: 9781634631655

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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.

Optimal Firms' Mix in Oligopoly with Twofold Environmental Externality

Optimal Firms' Mix in Oligopoly with Twofold Environmental Externality PDF

Author:

Publisher:

Published: 2014

Total Pages:

ISBN-13:

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We charaterise the socially optimal mix of firms in an oligopoly with both profit-seeking and labour-managed firms. The policy maker faces a twofold externality: (i) production entails the exploitation of a common pool natural resource and (ii) production/consumption pollutes the environment. We study the relationship between firms' mix and social welfare in the Cournot-Nash equilibrium of the industry and the resulting policy implications.

Optimal Firms' Mix in Oligopoly with Twofold Environmental Externality

Optimal Firms' Mix in Oligopoly with Twofold Environmental Externality PDF

Author:

Publisher:

Published: 2014

Total Pages:

ISBN-13:

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We charaterise the socially optimal mix of firms in an oligopoly with both profit-seeking and labour-managed firms. The policy maker faces a twofold externality: (i) production entails the exploitation of a common pool natural resource and (ii) production/consumption pollutes the environment. We study the relationship between firms' mix and social welfare in the Cournot-Nash equilibrium of the industry and the resulting policy implications.

An Analysis of Cartelized Market Structures for Nonrenewable Resources

An Analysis of Cartelized Market Structures for Nonrenewable Resources PDF

Author: Robert A. Marshalla

Publisher: Routledge

Published: 2017-10-17

Total Pages: 430

ISBN-13: 1351593544

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Originally published in 1979. While the theory of non-renewable resources under competitive and monopolistic market regimes have been relatively well developed, almost no attention has been given to the development of a theoretical framework for analysis of the spectrum of mixed market structure between those extremes. The world oil market structure is an example of such an intermediate market structure. The purpose of this title is to develop such a theoretical framework. The study examines non-renewable resource markets in which a profit maximizing producer cartel co-exists with a non-cartel supply sector, which is alternately modelled as consisting of a collection of competitive firms or as exhibiting other exogenously assumed supply behaviours. This title will be of interest to students of environmental economics.

Economic Theory for the Environment

Economic Theory for the Environment PDF

Author: Karl-Göran Mäler

Publisher: Edward Elgar Publishing

Published: 2002

Total Pages: 368

ISBN-13:

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This text investigates many of the contemporary advances in economics, in terms of the management of natural resources and environments. The authors also concentrate on other important issues such as control theory for non-convex economic problems, duopoly theory, game theory, local public finance, patent races and population control. In addition, they investigate the difficulties involved in constructing environmental agreements, and detail the potential benefits of marrying together the disciplines of ecology and economics. As a whole, the book illustrates both the power and limitations of economics to shed light on many of today's pressing environmental issues.

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