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Distorted Time Preferences and Structural Change in the Energy Industry

A Theoretical and Applied Environmental-Economic Analysis

  • Book
  • © 2009

Overview

Authors:
  1. Christoph Heinzel

    1. Center for Energy and Environmental Markets (CEEM) School of Economics Australian School of Business, University of New South Wales, Sydney, Australia

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Part of the book series: Sustainability and Innovation (SUSTAINABILITY)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Introduction

    Pages 1-6

  3. Foundations of the Theoretical Analysis

    Pages 9-33

  4. A Theoretical Model of Structural Change in the Energy Industry

    Pages 35-58

  5. Summary of Results, Discussion of Assumptions, and Policy Implications

    Pages 59-68

  6. Foundations of the Applied Analysis

    Pages 71-99

  7. Technology Choice Under Environmental and Technology Policies

    Pages 101-117

  8. Optimal Moments of Transition Under Environmental and Technology Policies

    Pages 119-140

  9. Conclusions

    Pages 141-145

  10. Back Matter

    Pages 147-159
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Keywords

About this book

The present study is a slightly revised version of my PhD thesis which was accepted at the Economics Department of Dresden University of Technology in July 2008. It has a long and a short history. For it began, as suggested theme, as a fundamental evaluation of evolutionary economics for ecological economics, asking, especially, for what the two ?elds actually constitutes and, eventually, relates. In several years of unfruitful dwelling, however, neither of these two young, non-mainstream ?elds proved as constituted at a fundamental level as yet. Rather, ecological economics, founded at the end of the 1980s as an attempt to combine social and natural s- ence approaches(in particular economics and ecology) to study especially long-run environmental problems in an encompassing manner, has mainly developed into an interdisciplinary research forum on environmental-economicissues. Particularly uni?edbycertainnormativestances sharedwithinits community,it constitutes,well understood, a new discpline of its own right, distinct from economics, with its own scienti?c standards, questions, methodologies and institutions (Baumgartner ¨ and Becker 2005). Modern evolutionaryeconomicson the other hand has been a quarter of a century after its inception with Nelson and Winter (1982) still a mainly h- erogeneousendeavor, linked by a (rather amorphous) common interest in economic “evolution” and a critical stance towards neoclassical mainstream economics, with a certain strength in applied studies on industrial dynamics (Heinzel 2004, 2006).

Authors and Affiliations

  • Center for Energy and Environmental Markets (CEEM) School of Economics Australian School of Business, University of New South Wales, Sydney, Australia

    Christoph Heinzel

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