£42.70

Elsevier Institutional Economics of Market-Based Climate Policy

Name: Elsevier Institutional Economics of Market-Based Climate Policy
Brand: Elsevier
Price: 42.7 GBP
Availability: InStock

Macroeconomics

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Description

Explore the complex relationship between economic theory and environmental regulation with this academic text from Elsevier. This volume examines the specific institutional barriers that prevent the successful implementation of market-based climate policies. By applying the principles of institutional economics, the book provides a deep look into political transaction costs and the concept of path dependence. Rather than simply discarding neoclassical models, this work integrates them where they are effective and introduces neo-institutionalist approaches where they are needed. This method allows for a balanced analysis that considers equity alongside efficiency. Readers will gain a better understanding of how both formal and informal climate structures evolve and the potential for lock-in effects within these systems. It is a necessary resource for those studying how institutional frameworks shape the future of environmental economics and policy implementation.

Key Features

Analyzes institutional barriers that hinder the implementation of market-based climate policies.

Uses an institutional economics approach with a focus on political transaction costs and path dependence.

Integrates neoclassical approaches with neo-institutionalist methods to provide a comprehensive view.

Balances the study of economic efficiency with the consideration of social equity.

Examines the evolution and potential lock-in of both formal and informal climate structures.

Part of the Developments in Environmental Economics series, Volume 7.

Product Specifications

Brand: Elsevier
Format: hardcover
ASIN: 0444515739
Category: Books > Subjects > Business, Finance & Law > Economics > Macroeconomics
Domain: Amazon UK
Release Date: 14 August 2004
Listed Since: 05 February 2007

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Elsevier Institutional Economics of Market-Based Climate Policy

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