Title: Free-Lunch Economics for Industrial Ecologists
Abstract: The industrial ecology debate is examined in terms of economic games between firms and their employees. On the one hand, investments for better industrial ecology are subject to 'incentive-compatibility' problems that could stymie their implementation; on the other hand, a great deal of improvement may be achievable by taking advantage of existing win–win situations ('free lunches'), i.e., changes that improve both economic growth and the environment. Moreover, properly assessing the economics of industrial ecology requires a careful treatment of dynamic issues. For example, the total cost of pollution abatement becomes dependent on the historical sequence of regulation.
Publication Year: 1994
Publication Date: 1994-11-24
Language: en
Type: book-chapter
Indexed In: ['crossref']
Access and Citation
Cited By Count: 23
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