TheFirmandPrivateEnvironmentalStrategies1

TheFirmandPrivateEnvironmentalStrategies1 - The Firm and...

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The Firm and Private Environmental Strategies Winter Term, MW, 2:15-3:30 Bren Hall 1424 Office Hours 1-2, MW, but stop by any time Gary D. Libecap 4412 Bren Hall 893-8611 8 [email protected] My course objective: A better understanding of firms and their environment to allow students to better work within or with firms to achieve environmental and natural resource benefits. Other objectives?
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The Firm and Private Environmental Strategies What we will do in the course: Analyze the firm and the forces that affect its behavior— constituencies and constraints. Firms and market conditions are heterogeneous. Not all are the same. Not all will react to environmental and resource issues similarly. Review the problem of externality. Most environmental and resource problems involve externalities—non-internalized costs or in some cases, benefits. Private costs and benefits ≠ social costs and benefits. Too much or too little of a bad (pollution) or a good (amenities). Property rights issue. Why? How to have the firm appropriate more of the benefits or costs? Examine the social responsibility of business. There are always tradeoffs, costs. How much can a firm do regarding the environment and meet its other objectives and constraints?Ways of influencing firms: changes in demand, changes in cost, changes in property rights.
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The Firm and Private Environmental Strategies Examine incentives to adopt new products and processes that have environmental/resource benefits. What markets? Core competencies? Competitive
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This note was uploaded on 08/06/2008 for the course ESM 296 taught by Professor Libecap during the Winter '07 term at UCSB.

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TheFirmandPrivateEnvironmentalStrategies1 - The Firm and...

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