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Economic Systems in the New Era: Stable Systems in an Unstable World (Lecture Notes in Networks and Systems #160)
by Svetlana Igorevna Ashmarina Jakub Horák Jaromír Vrbka Petr ŠuleřThis proceedings book presents outcomes of the Innovative Economic Symposium – 2020 organized by the Institute of Technology and Business in České Budějovice (VŠTE) in Russia in collaboration with two universities: Financial University under the Government of the Russian Federation (Moscow) and Samara State University of Economics (Samara). The symposium aims to bring together experts and young scientists in economy, management, international relations, finance, marketing, and professional education from Asian and European countries, to share knowledge and experience and discuss issues related to stable economic development, international business, entrepreneurship, Industry 4.0, cooperation between educational and business structures, strategic decision-making, and processes of economic globalization and fragmentation. The book consists of two parts corresponding to the thematic symposium areas. The book content covers two sections: stable development in unstable world and globalization and fragmentation forces of the current world economy. The main topics included in the book are as follows: - Where is the world moving to and where is the economy in it? - Institutionalization of innovations. - Network architecture of economic relations. - Competences for the future. - Smart change management. - Monetary and fiscal policy development as a factor of economic modernization. - Role of international trade in the economy globalization. - Impact of globalization and economic fragmentation on the enterprise’s internal environment. - Financial conditions for entrepreneurship under the economic modernization. - Impact of scientific and technological progress on globalization and fragmentation of the economy.
Economic Trends and Sustainable Environmental Assessment
by Andrew Adewale Alola Festus Victor Bekun Uju Violet AlolaThe book ‘Economic Trends and Sustainable Environmental Assessment’ attempts to x-ray the economic and socioeconomic activities, and cultural or behavioural aspects from the concept of sustainability by employing several related research scenarios spanning the micro-, meso-, and macro-level approaches.Given the increasing awareness of the importance of social, economic, environmental, and even now human sustainability aspects to a sustainable global (present) future, the relevance of the dimensions of Sustainable Development Goals (SDGs) need to be consistently examined. For instance, decades of climate-related disasters which have increasingly endangered humans are the reason for ongoing advanced advocacy, policy, and research towards achieving an environmentally sustainable or net zero emission (NZE) future.Thus, considering the illustration of the theoretical and practical dimensions of the connectedness of the economic and socioeconomic aspects with environmental dimensions, this book should hugely benefit students, researchers, and policymakers to further understand and solve some of the world’s lingering challenges.
Economics: A Foundation Course for the Built Environment
by J.E. ManserMaking no assumption of your prior knowledge, Economics introduces the basics of economics as they relate to the built environment. Looking at the principles of microeconomics (markets, price mechanisms, resource allocation, theory of the firm, etc.), these principles are put into the context of construction firms and property markets. Lively, real-life case studies are built into the text to provide concrete examples of the theories being explained and macroeconomics are also covered. Key features of this easy-to-use book include: clear chapter structure tutorial questions linking the case histories to basic principles extracts from newspaper and journal articles to show the relevance of economics to the construction industry 100% construction orientation a useful bibliography, glossary of economic terms preview questions at the start of each chapter and exercises and discussion topics at the end to test your understanding. Economics will enable you to understand the working of economic forces as they relate to the construction industry.
Economics and Ecological Risk Assessment: Applications to Watershed Management (Environmental And Ecological Risk Assessment Ser. #Vol. 5)
by Randall J. F. Bruins Matthew T. HeberlingWith contributions from a wide array of economists, ecologists, and government agency professionals, Economics and Ecological Risk Assessment: Applications to Watershed Management provides a multidisciplinary approach to environmental decision-making at a watershed level. It introduces the fields of ecological risk assessment (ERA) and economic ana
Economics and Management of Geotourism (Tourism, Hospitality & Event Management)
by Vitor Braga Carla Susana Marques António DuarteThis book covers all aspects of the economics and management of geotourism, an increasingly important sector of nature tourism that focuses on the geology and landscape of different territories, providing a pleasurable and educational tourist experience. Geotourism is a sustainable form of tourism that has the potential to deliver significant benefits to host communities. To date, however, geotourism has been examined primarily from the natural sciences perspective, to the detriment of issues related to local social and economic impacts, inter-organizational collaboration, tourist responses, and community participation. This book therefore fills a major gap in the literature. While a key focus is the impacts of geotourism on economic and social development processes and the quality of life of local populations, detailed attention is also devoted to topics such as geopark and geosystem management, innovative and entrepreneurial strategies in geotourism, and territorial marketing. In addition, readers will gain a clear understanding of the extent to which the opportunities and challenges facing geotourism reflect current trends in the tourist industry as a whole.
Economics and Policy Issues in Climate Change
by William D. NordhausAlthough the negotiation of the Kyoto Protocol focused world attention on the global climate, it was just one step in the ongoing process of addressing climate change in all its facets. Research by the UN's Intergovernmental Panel on Climate Change (IPCC) has been ongoing since 1988. An extensive IPCC Working Group report published in 1995 examined the economic and social aspects of climate change. In this volume, eminent analysts assess that IPCC report and address the questions that emerge from it. The result is an instructive and cogent look at the realities of climate change and some methods (and difficulties) of dealing with them. William Nordhaus's introduction establishes the context for the book. It provides basic scientific background on climate change, reviews the IPCC's activities, and explains the genesis of the analyses. Subsequent contributions fall into two categories. Early chapters review analytical issues critical to social and economic understanding of climate change. A second set of chapters address specific economic questions surrounding climate-change policy. The result is an original and significant contribution to the evolving debate on this crucial hot-button topic.
The Economics and Policy of Concentrating Solar Power Generation (Green Energy and Technology)
by Pere Mir-Artigues Pablo del Río Natàlia CaldésThis book provides an up-to-date analysis of state-of-the-art concentrating solar power (CSP) generation. It focuses on the economic analysis of CSP generation technologies as well as the policies that have been and are being used around the globe to support it. The book describes the industrial sectors whose products make up the solar field, including the traditional manufacturers of turbines and generators.The authors provide the main theoretical tools needed to comprehend the costs of CSP technologies compared to other competing technologies (both conventional and renewable) and discuss the conceptual rationale behind creating public support for these technologies and the costs of various promotional techniques. Further, the book examines the concepts from different disciplinary traditions in economics (including environmental, innovation, industrial and public), which are then combined and integrated for an analysis of the costs and policies of CSP electricity.Addressing the main findings and the challenges for future CSP, the book is a valuable resource for researchers and practitioners. It is also of use to industrial engineers, as it identifies the features of the sector’s supply chain value, rooted in and supported by an industrial economics approach.
The Economics and Policy of Solar Photovoltaic Generation
by Pere Mir-Artigues Pablo Del RíoThis book provides an up-to-date, rigorous analysis of the state of the art of solar photovoltaic (PV) generation. It focuses on the economic analysis of solar PV generation technologies as well as the policies that have been devised and implemented around the globe to support it. It provides the main theoretical tools for understanding the cost of these technologies, and discusses them from both a historical and comparative perspective with respect to other competing technologies (both conventional and renewable). In addition, it presents the conceptual rationale to maximize reader insights into whether and how public support for these technologies is justified as well as the consequences for the economy of different promotion measures. Integrating concepts from different economics disciplines (environmental economics, innovation economics, industrial economics and public economics) into a coherent basis for the analysis of the costs and policies for solar PV electricity, it provides an update to the literature to reflect recent advances in and deployments of solar electricity and the drastic reduction in associated costs.
Economics and Price Risks in International Pellet Supply Chains
by Rita Ehrig Frank Behrendt Manfred Wörgetter Christoph StrasserThe aim of this book is to investigate critical economic aspects and price risks along international pellet supply chains and to offer new insights into the interconnections between the sector, the various supply risks within the market and guidelines for de-risking biomass supply chains. It provides three real case studies as practical examples of determining actual supply costs from resource production to end-user and in doing so identifies and analyzes general economic performance indicators and price drivers for biomass supply chains. It also investigates the impact of several risks like raw material prices, exchange and freight rates on total prices. As a result, the reader learns how price risks are hedged to avoid project defaults and how to achieve the renewable energy targets of the end-user. Practical guidelines for recognising critical economic issues in biomass supply chains and for applying adequate de-risk strategies are also provided. Offering insights to a broad audience, this book is intended for researchers and professionals interested in renewable energy systems, biomass resource management and supply chain management. It also provides an invaluable resource to policy makers seeking guidelines for successfully managing the introduction of sustainable biomass projects.
Economics and Property: The Estates Gazette Guide
by Danny Myersa clear and easy-to-read introduction to any property economics module in a degree leading to a profession in real estate, surveying, construction and other related built environment fields Full colour figures and packed with features such as: glossary, chapter objectives and summaries, glossary, case studies, tutorial readings
Economics and Social Conflict: Evil Actions and Evil Social Institutions in Virtual Worlds
by Carl D. MildenbergerThis book brings to life the classic thought experiment of a natural state. Provides data on the economic aspects of social conflict of 400.000 people living in a virtual anarchy; showing evil actions and rules exist from an economic perspective. Non-instrumental violence has economic effects and inciting people to fight are not overcome in time.
Economics for the Modern Built Environment
by Les RuddockRecent decades have seen a major social and economic changes across the developed world and consequent changes in the construction and property industries. The discipline of construction economics needs to respond to this. For instance, the importance of sustainable development has become recognised, as has the need to increasingly master the medium and long-term consequences of construction, not only in the production but also in the management of buildings across their whole life-cycle. And the new focus on the service rendered by buildings, as distinct from the buildings themselves, has prompted a new approach to the construction and property industries. Any economic analysis of these sectors has to take account of all the participants involved in the life-cycle of building structures – not only in the design and construction, but also in the operation, maintenance, refurbishment and demolition of property. This innovative new book draws on the work of the Task Group of the CIB (International Council for Research and Innovation) on Macroeconomics for Construction. It pulls together discussions of mesoeconomic and macroeconomic models and methodologies in construction economics and presents an exciting approach to the analysis of the operation and function of the construction and property sector within the economy. Graduate students and researchers will find it an invaluable work.
The Economics of Air Pollution in China: Achieving Better and Cleaner Growth
by Jun MaSuffocating smog regularly envelops Chinese metropolises from Beijing to Shanghai, clouding the future prospect of China's growth sustainability. Air pollutants do not discriminate between the rich and the poor, the politician and the "average Joe." They put everyone's health and economic prosperity at risk, creating future costs that are difficult to calculate. Yet many people, including some in China, are concerned that addressing environmental challenges will jeopardize economic growth. In The Economics of Air Pollution in China, leading Chinese economist Ma Jun makes the case that the trade-off between growth and environment is not inevitable. In his ambitious proposal to tackle severe air pollution and drastically reduce the level of so-called PM 2.5 particles—microscopic pollutants that lodge deeply in lungs—Ma Jun argues that in targeting pollution, China has a real opportunity to undertake significant structural economic reforms that would support long-term growth. Rooted in rigorous analyses and evidence-based projections, Ma Jun's "big bang" proposal aims to mitigate pollution and facilitate a transition to a greener and more sustainable growth model.
The Economics of Animal Health and Production
by Jonathan RushtonThis book draws on both extensive literature and experience in animal health economics and livestock issues in Europe, Asia, Africa and Latin America. It provides comprehensive coverage of the history of livestock and animal health economics, theory and tools for the economics of animal health and production, a review of the application of economics to animal diseases and health problems, and worldwide examples of economic analysis and policy making.
The Economics Of Biofuel Policies
by Harry De Gorter Dusan Drabik David R. JustThe global food crises of 2008 and 2010 and the increased price volatility revolve around biofuels policies and their interaction with each other, farm policies and between countries. While a certain degree of research has been conducted on biofuel efficacy and logistics, there is currently no book on the market devoted to the economics of biofuel policies. The Economics of Biofuel Policies focuses on the role of biofuel policies in creating turmoil in the world grains and oilseed markets since 2006. This new volume is the first to put together theory and empirical evidence of how biofuel policies created a link between crop (food grains and oilseeds) and biofuel (ethanol and biodiesel) prices. This combined with biofuel policies role in affecting the link between biofuels and energy (gasoline, diesel and crude oil) prices will form the basis to show how alternative US, EU, and Brazilian biofuel policies have immense impacts on the level and volatility of food grain and oilseed prices.
Economics of Bioresources: Concepts, Tools, Experiences
by Yoram Krozer Michael NarodoslawskyThis fundamental book provides a cross-sectoral, multi-disciplinary view on the biobased economy. It explains opportunities for the value-adding production and use of bioresources, while also discussing the main drivers and obstacles involved. The book is divided into three major parts, the first of which introduces readers to the basics of bioresource economics and engineering. In terms of economics, it discusses decision-making from the policy, producer, investor, and citizen perspectives; in terms of engineering, it addresses key technologies and the processing of bioresources, as well as the development of biorefineries for high-value products on large and small scales. In turn, the book’s second part presents cases focused on different types of energy use, and written by practitioners. The cases illustrate the businesses and technologies involved, as well as the roles of citizens, social organisations and policies. The book’s third and last part highlights opportunities in sustainable agriculture, valuable industrial products and innovative services, while also outlining key conditions for success. Written by a team of scholars and practitioners from various engineering, natural-science and social-science disciplines, the book is primarily intended for undergraduate and graduate students, and for practitioners in business and policy who wish to explore the sustainable production and use of bioresources. All theoretical issues are explained with the aid of real-world examples, making the content highly accessible.
Economics of Carbon Sequestration in Forestry
by Terry J. LoganSince the 1992 Earth Summit, there have been increased efforts on an international scale to address global climate change. Reducing the increased levels of CO2 and other "greenhouse gases," which are believed to be contributing to this climatic change, will require major effort on the part of the world's governments. This means that the environmental, economic, social, and political consequences of climate change must be understood, and that strategies to mitigate climate change must also address these issues.The workshop detailed in this book concentrated on how economic principles and analysis could contribute to the planning of forestry projects aimed at affecting terrestrial carbon balances. More than 30 international scientists came together for one week near Stockholm, Sweden and divided into working groups charged with addressing a specific issue and preparing a paper within this time frame. This book contains the majority of papers presented at this meeting, and includes both the working group papers and the individually presented papers.
The Economics of Climate Change in Argentina (The Latin American Studies Book Series)
by Maria Elisa Belfiori Mariano Javier RabassaIn this volume, the contributors discuss some of the most remarkable global warming effects in Argentina and examine policies that Latin American countries could follow to achieve their individual climate goals. Climate change is one of the most pressing issues today. However, after many years of climate negotiations, the world has failed to introduce a common global policy. Differences in countries' climate agendas have led to unsuccessful efforts. Countries willing to pursue a climate policy have sought alternative strategies to mitigate and adapt to global warming's consequences within their jurisdiction. In this context, Latin American countries' role in shaping the regional climate agenda is yet to be explored. The book covers some papers from the well-received "First Workshop on Environmental Economics and Energy" in Argentina. Using data from Argentina, the contributors analyze the effects of global warming on agricultural yields and the impact of extreme weather on human health. From a global perspective, the contributors also describe the interactions between a reduction in carbon emissions, carbon emissions intensity, and economic growth; the role that trade policies can play to reduce carbon emissions; and the paradoxes that arise from promoting renewable energies in the region. The contributors also address the relationship between sustainability and economic growth; the private sector's role in shaping policies and providing sustainable solutions; and the Latin American challenges for the next generation. The book will be of interest to policy-makers, academics, researchers, and professionals worldwide working in climate change impacts and policy. It will also appeal to a general audience interested in climate change economics, its consequences, and the steps that countries in Latin America can take to move forward.
Economics of Database-Assisted Spectrum Sharing
by Yuan Luo Lin Gao Jianwei HuangThis book examines the interaction between the technical and economic issues in database-assisted dynamic spectrum networks. It explains various business models for different network settings, analyzing the user behaviors and system equilibrium under each model. With the explosive growth of mobile devices and bandwidth-hungry applications, radio spectrum is becoming increasingly congested and scarce. Database-assisted dynamic spectrum sharing is a promising technology for solving the problem of spectrum scarcity and congestion by allowing unlicensed mobile devices to dynamically access the under-utilized licensed spectrum resources through the assistance of a database. Database-assisted spectrum sharing network architecture has received wide and enthusiastic support from spectrum regulators, standards bodies, and industrial organizations. This book serves as a resource for researchers in white space communications and networking, for regulators in the wireless industry, and for graduate students and senior undergraduate students taking a course on network economics.
The Economics of Electricity Markets
by Darryl R. Biggar Mohammad Reza HesamzadehBridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes
The Economics of Evaluating Water Projects: Hydroelectricity Versus Other Uses
by Per-Olov Johansson Bengt KriströmThis book presents research on a kind of water use conflicts that is becoming more and more common and important: How to best manage moving water in times of increasing demand for electricity as well as environmental services. How should decisions be made between water use for electricity generation or for environmental and recreational benefits? The authors develop a simple general equilibrium model of a small open economy which is used to derive a cost-benefit rule that can be used to assess projects that divert water from electricity generation to recreational and other uses (or vice versa). The cost-benefit rule is then applied to the specific case of a proposed change at a Swedish hydropower plant. The book provides a manual for the evaluation of river regulations which can easily be replicated in other studies.
The Economics of Farm Management: A Global Perspective (Routledge Textbooks in Environmental and Agricultural Economics)
by Kent Olson John WestraFuture farm managers need a range of tools and knowledge to run successful businesses, and this accessible textbook provides the required foundations from economics and management, applied to the farm context. In today’s world where farms are subject to ever-changing industrial, labor, demographic, and technological factors, this textbook provides a clear focus and methodology for business stability and growth. It covers core microeconomic and macroeconomic principles, plus the full range of management topics, from accounting and marketing to operations management and human resource management. It also covers family succession planning and farming mega-trends. This second edition has been updated with the latest data and literature, and gives deeper attention to sustainability and conservation. It also offers a broader range of examples, showcasing the diversity of farm types and farm sizes across the US and globally. Instructor materials are available as digital supplements. This textbook will be a valuable resource for courses in farm management, ranch management, agribusiness, and agricultural economics.
The Economics of Fire Protection
by Ganapathy RamachandranThis important new book, the first of its kind in the fire safety field, discusses the economic problems faced by decision-makers in the areas of fire safety and fire precautions. The author considers the theoretical aspects of cost-benefit analysis and other relevant economic problems with practical applications to fire protection systems. Clear examples are included to illustrate these techniques in action. The work covers: * the performance and effectiveness of passive fire protection measures such as structural fire resistance and means of escape facilities, and active systems such as sprinklers and detectors * the importance of educating for better understanding and implementation of fire prevention through publicity campaigns and fire brigade operations * cost-benefit analysis of fire protection measures and their combinations, taking into account trade-offs between these measures. The book is essential reading for consultants and academics in construction management, economics and fire safety, as well as for insurance and risk management professionals.
Economics of Forest Resources
by Gregory S. Amacher Markku Ollikainen Erkki KoskelaThe field of forest economics has expanded rapidly in the last two decades, and yet there exists no up-to-date textbook for advanced undergraduate-graduate level use or rigorous reference work for professionals. Economics of Forest Resources fills these gaps, offering a comprehensive technical survey of the field with special attention to recent developments regarding policy instrument choice and uncertainty. It covers all areas in which mathematical models have been used to explain forest owner and user incentives and government behavior, introducing the reader to the rigor needed to think through the consequences of policy instruments. Technically difficult concepts are presented with a unified and progressive approach; an appendix outlines the basic concepts from calculus needed to understand the models and results developed. The book first presents the historical and classic models that every student or researcher in forest economics must know, including Faustman and Hartman approaches, public goods, spatial interdependence, two period life-cycle models, and overlapping generations problems. It then discusses topics including policy instrument choice, deforestation, biodiversity conservation, and age-class based forest modeling. Finally, it surveys such advanced topics as uncertainty in two period models, catastrophic risk, stochastic control problems, deterministic optimal control, and stochastic and deterministic dynamic programming approaches. Boxes with empirical content illustrating applications of the theoretical material appear throughout. Each chapter is self-contained, allowing the reader, student, or instructor to use the text according to individual needs.
The Economics of Genomic Medicine
by Steve Olson Roundtable on Translating Genomic-Based Research for Health Board on Health Sciences Policy Adam C. Berger Institute of MedicineThe sequencing of the human genome and the identification of links between specific genetic variants and diseases have led to tremendous excitement over the potential of genomics to direct patient treatment toward more effective or less harmful interventions. Still, the use of whole genome sequencing challenges the traditional model of medical care where a test is ordered only when there is a clear indication for its use and a path for downstream clinical action is known. This has created a tension between experts who contend that using this information is premature and those who believe that having such information will empower health care providers and patients to make proactive decisions regarding lifestyle and treatment options. In addition, some stakeholders are concerned that genomic technologies will add costs to the health care system without providing commensurate benefits, and others think that health care costs could be reduced by identifying unnecessary or ineffective treatments. Economic models are frequently used to anticipate the costs and benefits of new health care technologies, policies, and regulations. Economic studies also have been used to examine much more specific issues, such as comparing the outcomes and cost effectiveness of two different drug treatments for the same condition. These kinds of analyses offer more than just predictions of future health care costs. They provide information that is valuable when implementing and using new technologies. Unfortunately, however, these economic assessments are often limited by a lack of data on which to base the examination. This particularly affects health economics, which includes many factors for which current methods are inadequate for assessing, such as personal utility, social utility, and patient preference. To understand better the health economic issues that may arise in the course of integrating genomic data into health care, the Roundtable on Translating Genomic-Based Research for Health hosted a workshop in Washington, DC, on July 17-18, 2012, that brought together economists, regulators, payers, biomedical researchers, patients, providers, and other stakeholders to discuss the many factors that may influence this implementation. The workshop was one of a series that the roundtable has held on this topic, but it was the first focused specifically on economic issues. The Economics of Genomic Medicine summarizes this workshop.