Environmental And Resource Policy For Consumer Durables

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Environmental and Resource Policy for Consumer Durables

Author : Marco Runkel
Publisher : Springer Science & Business Media
Page : 203 pages
File Size : 51,5 Mb
Release : 2012-09-25
Category : Business & Economics
ISBN : 9783642170119

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Environmental and Resource Policy for Consumer Durables by Marco Runkel Pdf

A recent line of research in environmental and resource economics deals with the analysis of the so-called product-related environmental policy, i.e. the regulation of certain product characteristics which are mainly determined by producers and which influence the impact of consumption goods on the environment. In this line of literature, only little attention has been paid to the role of product durability. The present study aims at filling this gap. It investigates the relationship between (built-in) product durability, production emissions, solid consumption waste and recycling. The main task is to identify inefficiencies in the durability choice of producers and to assess regulatory policies which aim at correcting for such market failure.

The Economics Of Environmental And Natural Resources Policy

Author : J. A. Butlin
Publisher : Routledge
Page : 206 pages
File Size : 43,9 Mb
Release : 2019-09-06
Category : Political Science
ISBN : 9781000316186

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The Economics Of Environmental And Natural Resources Policy by J. A. Butlin Pdf

The purpose of this collection of readings is to aid the student taking a course in environmental economics to place the issues in perspective. The text is designed for an undergraduate audience, and those readings that have appeared elsewhere have, with the permission of the holders of the copyright, been suitably abridged for this purpose. The book is designed to be used in conjunction with a conventional text on environmental economics or as an adjunct to a comprehensive series of lectures in environmental and natural resource economics.

The Political Economy of Fiscal Policy

Author : Jaejoon Woo
Publisher : Springer Science & Business Media
Page : 176 pages
File Size : 41,9 Mb
Release : 2006-02-25
Category : Business & Economics
ISBN : 9783540314172

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The Political Economy of Fiscal Policy by Jaejoon Woo Pdf

One of the most striking macroeconomic developments during the last three decades is the rise and persistence of large fiscal deficits in a number of countries. Despite recent major fiscal reforms around the world, many countries suffer from recurrent large fiscal imbalances that often reflect lack of fiscal discipline. Why do some countries have recurrent fiscal deficit or volatility problems, while others do not? What factors are most important in explaining cross-country variation in fiscal outcomes? How are they related to growth or inflation? This book presents new, rigorous, theoretical and empirical studies on these fiscal issues, and highlights social polarization as an essential organizing principle in a political economy approach. Also, it discusses how institutional constraints may favourably affect fiscal dynamics in the presence of social polarization.

Microeconometric Evaluation of Labour Market Policies

Author : Marco Caliendo
Publisher : Springer Science & Business Media
Page : 258 pages
File Size : 51,8 Mb
Release : 2006-03-30
Category : Business & Economics
ISBN : 9783540287087

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Microeconometric Evaluation of Labour Market Policies by Marco Caliendo Pdf

Provides an overview of the microeconometric evaluation methods for evaluation of labour market and other public policies. This book focuses on the propensity score matching method and gives guidance for its implementation. It uses this method to evaluate the employment effects of job creation schemes on the participating individuals in Germany.

Dynamic Inventory Management in Reverse Logistics

Author : Rainer Kleber
Publisher : Springer Science & Business Media
Page : 182 pages
File Size : 41,8 Mb
Release : 2007-02-03
Category : Business & Economics
ISBN : 9783540332305

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Dynamic Inventory Management in Reverse Logistics by Rainer Kleber Pdf

The integration of product recovery into regular production processes enables new opportunities for cost savings. In case of a dynamic planning situation, for instance when dealing with seasonality or the product life cycle, new motives for keeping stock arise. The work aims to identify those motives and to describe their effects by using methods of optimal control theory.

Economic Dynamics and Information

Author : Jaroslav Zajac
Publisher : Springer Science & Business Media
Page : 274 pages
File Size : 46,7 Mb
Release : 2007-08-01
Category : Business & Economics
ISBN : 9783540326953

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Economic Dynamics and Information by Jaroslav Zajac Pdf

This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the corresponding stationary state equilibrium. Sufficient heterogeneity leads to global saddle-path stability, uniqueness of a given stationary state and the global uniqueness of the corresponding equilibrium.

Strategic Competition in Oligopolies with Fluctuating Demand

Author : Leslie Neubecker
Publisher : Springer Science & Business Media
Page : 237 pages
File Size : 48,5 Mb
Release : 2006-02-17
Category : Business & Economics
ISBN : 9783540295570

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Strategic Competition in Oligopolies with Fluctuating Demand by Leslie Neubecker Pdf

Dynamic oligopolistic competition has implications both for the strategic management of firms and for the design of an effective competition policy. Consequently, the present book considers the issue from a private and social perspective. It discusses the potential pro- and anticollusive effects of long-term business strategies, especially for cooperation and reinvestment in production, financing and management compensation, in markets with fluctuating demand. The method of supergame theory is applied to integrate long-run decisions and different types of demand into the analysis. Aside from its contributions to the theoretical literature, the book provides valuable insights into the design of competition policy. The observed development of prices is an indicator of the extent of collusion in the market and can thereby be used to assess antitrust regulation in certain business areas, and to focus the resources of competition authorities on markets where conditions are conducive to collusion.

Market-Conform Valuation of Options

Author : Tobias Herwig
Publisher : Springer Science & Business Media
Page : 106 pages
File Size : 49,7 Mb
Release : 2006-03-12
Category : Business & Economics
ISBN : 9783540308386

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Market-Conform Valuation of Options by Tobias Herwig Pdf

1. 1 The Area of Research In this thesis, we will investigate the 'market-conform' pricing of newly issued contingent claims. A contingent claim is a derivative whose value at any settlement date is determined by the value of one or more other underlying assets, e. g. , forwards, futures, plain-vanilla or exotic options with European or American-style exercise features. Market-conform pricing means that prices of existing actively traded securities are taken as given, and then the set of equivalent martingale measures that are consistent with the initial prices of the traded securities is derived using no-arbitrage arguments. Sometimes in the literature other expressions are used for 'market-conform' valuation - 'smile-consistent' valuation or 'fair-market' valuation - that describe the same basic idea. The seminal work by Black and Scholes (1973) (BS) and Merton (1973) mark a breakthrough in the problem of hedging and pricing contingent claims based on no-arbitrage arguments. Harrison and Kreps (1979) provide a firm mathematical foundation for the Black-Scholes- Merton analysis. They show that the absence of arbitrage is equivalent to the existence of an equivalent martingale measure. Under this mea sure the normalized security price process forms a martingale and so securities can be valued by taking expectations. If the securities market is complete, then the equivalent martingale measure and hence the price of any security are unique.

Learning in Economic Systems with Expectations Feedback

Author : Jan Wenzelburger
Publisher : Springer Science & Business Media
Page : 176 pages
File Size : 44,9 Mb
Release : 2006-09-22
Category : Business & Economics
ISBN : 9783540380504

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Learning in Economic Systems with Expectations Feedback by Jan Wenzelburger Pdf

Recently economists have more and more focussed on scenarios in which agents' views of the world may be erroneous. These notes introduce the concept of perfect forecasting rules which provide best least-squares predictions along the evolution of an economic system. The framework for nonparametric adaptive learning schemes is developed and it is argued that plausible learning schemes should aim at estimating a perfect forecasting rule taking into account the correct feedback structure of an economy. A link is provided between the traditional rational-expectations view and recent behavioristic approaches.

Advances in Artificial Economics

Author : Charlotte Bruun
Publisher : Springer Science & Business Media
Page : 296 pages
File Size : 54,6 Mb
Release : 2007-05-19
Category : Computers
ISBN : 9783540372493

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Advances in Artificial Economics by Charlotte Bruun Pdf

This book is based on presentations at AE’2006 (Aalborg, Denmark) – the second symposium on Artificial Economics. As a new constructive simulation method, Agent-Based Computational Economics (ACE) has in recent years proven its strength and applicability. Coverage in this volume extends to well known questions of economics, like the existence of market efficiency, and to questions raised by new analytical tools, for example networks of social interaction.

International Trade and Multinational Activity

Author : Julian Emami Namini
Publisher : Springer Science & Business Media
Page : 168 pages
File Size : 51,7 Mb
Release : 2006-10-28
Category : Business & Economics
ISBN : 9783540327196

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International Trade and Multinational Activity by Julian Emami Namini Pdf

This study investigates the dynamic welfare effects of exposure to trade in a new trade model, which is extended by firm heterogeneity. It is analyzed under which conditions exposure to trade with firm heterogeneity increases or decreases steady state welfare of a country. It uses a new trade model to explore which country-specific conditions give rise to horizontal or vertical multinational activity. Finally, it combines the Heckscher-Ohlin model and a new trade model with horizontal multinational firms.

The Complex Networks of Economic Interactions

Author : Akira Namatame,Taisei Kaizouji,Yuuji Aruka
Publisher : Springer Science & Business Media
Page : 345 pages
File Size : 45,5 Mb
Release : 2006-03-09
Category : Business & Economics
ISBN : 9783540287278

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The Complex Networks of Economic Interactions by Akira Namatame,Taisei Kaizouji,Yuuji Aruka Pdf

Understanding the mechanism of a socio-economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how individuals interact with each other, and how the agg- gated outcome can be more than the sum of individual behaviors. This book contains the papers fostering the formation of an active multi-disciplinary community on socio-economic systems with the exciting new ?elds of age- based modeling and econophysics. We especially intend to increase the awareness of researchers in many ?elds with sharing the common view many economic and social activities as collectives of a large-scale heterogeneous and interacting agents. Economists seek to understand not only how individuals behave but also how the interaction of many individuals leads to complex outcomes. Age- based modeling is a method for studying socio-economic systems exhibiting the following two properties: (1) the system is composed of interacting agents, and (2) the system exhibits emergent properties, that is, properties arising from the interactions of the agents that cannot be deduced simply by agg- gating the properties of the system’s components. When the interaction of the agents is contingent on past experience, and especially when the agents continually adapt to that experience, mathematical analysis is typically very limited in its ability to derive the outcome.

Complex Systems Approach to Economic Dynamics

Author : Abraham C.-L. Chian
Publisher : Springer Science & Business Media
Page : 101 pages
File Size : 44,6 Mb
Release : 2007-08-17
Category : Business & Economics
ISBN : 9783540397533

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Complex Systems Approach to Economic Dynamics by Abraham C.-L. Chian Pdf

Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.

Consumption Structure and Macroeconomics

Author : Reto Foellmi
Publisher : Springer Science & Business Media
Page : 161 pages
File Size : 50,5 Mb
Release : 2006-03-30
Category : Business & Economics
ISBN : 9783540285137

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Consumption Structure and Macroeconomics by Reto Foellmi Pdf

This book offers a novel perspective that allows to incorporate changing consumption and production structure into models of economic growth. Starting from the empirical observation that income and consumption structure are closely related, it develops a tractable theoretical framework which enables to analyze macroeconomic models consistent with these empirical facts. As a result, central macroeconomic phenomena are better understood: the reasons behind long-run growth, structural change, and the influence of inequality on innovations and growth.