Models in evolutionary economics and environmental policy
This paper presents a review on evolutionary economic modelling in relation to environmental policy. The authors discuss three areas in which evolutionary economic models have a particularly high added value for environmental policy-making: the double externality problem, technological transitions and consumer demand. We explore the possibilities to apply evolutionary economic models in environmental policy assessment, including the opportunities for making policy-making endogenous to environmental innovation. We end with a critical discussion of the challenges that remain.
|Author(s)||Faber, A; Frenken, K|
|Publication||Technological Forecasting and Social Change (in press)|