By Jeroen C. J. M. Van Den Bergh, Albert Faber, Annemarth M. Idenburgh, Frans H. Oosterhuis
This examine bargains a special evolutionary economics standpoint on power and innovation rules within the wider context of the transition to sustainable improvement. The authors comprise: * an research of the environmental coverage implications of evolutionary economics * a severe exam of present Dutch environmental and innovation regulations and coverage records * systematic evaluate of 3 particular strength applied sciences, particularly gas cells, nuclear fusion and photovoltaic cells, in the evolutionary-economic framework. Their research leads to a few very particular coverage ideas, which to a point will be in clash with present coverage recommendation and perform. Evolutionary Economics and Environmental coverage will entice researchers, undergraduate and graduate scholars in environmental economics, environmental technological know-how, public economics and expertise reviews. it's going to even be precious to coverage advisors and policymakers whose judgements impact the surroundings both without delay or in a roundabout way.
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Additional info for Evolutionary Economics and Environmental Policy: Survival of the Greenest (New Horizons in Istitutional and Evolutionary Economics)
Path dependence means that early development phases exercise an irreversible inﬂuence on subsequent developments of a system. As a result, chance events (‘historical accidents’) in an early phase can heavily determine the characteristics of a system in the long run. In the jargon of traditional economics this means that there is more than one equilibrium, and that the ultimate equilibrium in which a system ends up is a matter of pure chance. To understand the attained equilibrium, and to design policies aimed at inﬂuencing or correcting it, insight into the paths leading there is essential.
In the jargon of traditional economics this means that there is more than one equilibrium, and that the ultimate equilibrium in which a system ends up is a matter of pure chance. To understand the attained equilibrium, and to design policies aimed at inﬂuencing or correcting it, insight into the paths leading there is essential. 1 + Co-evolution • Companies - Companies • Technologies - Technoliesgy Technology • Products - Products Costs and and prices prices -• Costs DIVERSITY Endogenous selection factors • Markets • Technology • Organizations • Institutions A synthesis of the main evolutionary concepts Exogenous innovation factors • Niche markets • Isolation Imitation Routines Diffusion - Cross-fertilization - (Re)combination - Collaboration Venture capital (Re)search INNOVATION Limited time horizon BOUNDED RATIONALITY • R&D • Producers • Consumers - Exogenous selection factors • Physics • Geography SELECTION Path dependency and lock-in Increasing returns to scale • Economies of scale • Learning effects • Network effects 36 Evolutionary economics and environmental policy self-reinforcing mechanism.
Many inspiring ideas about mechanisms and consequences of co-evolution can be found in the literature. Co-evolution may be regarded as a dynamic elaboration of the notion of innovative (re)combination, where complementary, interactive subsystems change over time so as to become better adjusted to one another. 3. 1 INTRODUCTION The evolutionary concepts and insights described in Chapter 2 will be translated in this chapter into suggestions for environmental policy and transition management. To illustrate the relevant principles and instruments, we will focus in particular on the transition to sustainable energy.