To an economist, a contract is an agreement under which two parties make reciprocal
commitments in terms of their behavior - a bilateral coordination arrangement. Of course,
this formulation touches on the legal concept of the contract (a meeting of minds creating
effects in law), but also transcends it.
The aim of the Handbooks in Economics series is to produce Handbooks for
various branches of economics, each of which is a definitive source, reference, and
teaching supplement for use by professional researchers and advanced graduate
students. Each Handbook provides self-contained surveys of the current state of a
branch of economics in the form of chapters prepared by leading specialists ...
This book includes solar energy, wind energy, hybrid systems, biofuels, energy management and efficiency, optimization of renewable energy systems and much more. Subsequently, the book presents the physical and technical principles of promising ways of utilizing renewable energies. The authors provide the important data and parameter sets for the major possibilities of renewable energies utilization which allow an economic and environmental assessment.
Recently public attention has turned toward the intricate interrelation
between economic growth and global warming. This book focuses on
this nexus but broadens the framework to study this issue. Growth
is seen as global growth, which affects the global environment and
climate change. Global growth, in particular high economic growth
rates, implies a fast depletion of renewable and nonrenewable resources.
Thus the book deals with the impact of economic growth on the envi-
ronment and the effect of the exhaustive use of natural resources as
well as the reverse linkage.
The fact that the Rio Grande lacks sufficient water to permit its use by the
inhabitants of both countries does not entitle Mexico to impose restrictions on the
United States which would hamper the development of the latter
s territory or
deprive its inhabitants of an advantage with which nature had endowed it and
which is situated entirely within its territory. To admit such a principle would be
completely contrary to the principle that the United States exercises full
sovereignty over its national territory....
The value of the UK LCEGS sector was £106.5 billion in 2007/8. In terms of size, this puts the low
carbon and environmental economy somewhere between the UK’s healthcare and construction
The UK is the world’s sixth largest low carbon and environmental economy, with 3.5% of global market
share. As shown in Figure 2, the Environmental sector accounts for £22.3 billion (21%) of total UK
market value, Renewable Energy for £31.
Natural resources- definition, characteristics and classification of natural resources. Historical
development of natural resource economics, major natural resource issues, role of economics in
natural resource planning, policy formulation and management. Common property resources. Time
and spatial analysis in use of renewable and nonrenewable natural resources. Natural resource
accounting. Natural resource scarcity, measures to mitigate resource scarcity, individual utility and
the social welfare function.
Earlier, Lau and Yotopolous (1971) estimated an equation for the profit function in
differences in economic efficiency between large and small farms in India and found
that small farms attained a higher level of economic efficiency. Sahidu (1974) adopted
the Lau–Yotopolous model to sample of Indian wheat farms and came out with a contrary
conclusion – that large and small farms exhibited equal economic efficiency in both the
technical and price senses.
The IESO has been planning for the elimination of coal-fired generation for several years now, and
the plan to phase out coal by 2014 is progressing well. Four coal-fired units totalling 2,000 mega-
watts (MW) of capacity have been taken out of service in 2010, and Ontario is utilizing more gas-
fired and renewable generation. The province is already relying on contributions from nearly 1,100
MW of grid-connected wind capacity. Between new wind, solar and biomass projects, variable
generation is expected to climb to almost 7,000 MW by the end of the business planning cycle.
The transmission of monetary policy is the center of economic studies, this field was renewed in light of the 2008 global financial crisis with arguments about the effectiveness and the determinants of transmission channels especially in emerging markets such as Vietnam which may have strong bank lending channel while asset price channel and exchange rate channel may be weak.
Wind power generation is considered as the most economic viable alternative within
the portfolio of renewable energy resources. Among their advantages are the large
number of potential sites for erection and the rapidly evolving technology with many
suppliers offering from the individual turbine set to even turnkey projects. The
disadvantages of wind energy include high capital costs and lack of controllability on
the discontinuous or intermittent resource.
Overall structure of electrical power system isin the process of changing. For incremental
growth, it is moving away from fossil fuels - major source of energy in the world today - to
renewable energy resources that are more environmentally friendly and sustainable .
INTRODUCTION TO A COGNITIVE METHODOLOGY IN ECONOMICS. The cognitive sciences, having emerged in the second half of the twentieth century, are recently experiencing a spectacular renewal, which cannot leave naffected any discipline that deals with human behavior
Soil fertility is critical for the provision of adequate food, fiber and renewable natural
resources(fuel,wood etc.). In the developing world soil fertility is linked to economic well
being of many farm families. Poor soils means poor harvest leading to low returns for the
over 60% of the population of developing countries relying on agriculture for survival.Use
of inorganic and organic fertilizers in addition to biological processes to improve the fertility
of the soil requires good understanding of their practical use and management.
The utilisation of renewable energies is not at all new; in the history of mankind
renewable energies have for a long time been the primary possibility of generating
energy. This only changed with industrial revolution when lignite and hard coal
became increasingly more important. Later on, also crude oil gained importance.
Offering the advantages of easy transportation and processing also as a raw
material, crude oil has become one of the prime energy carriers applied today.
This volume grew out of two conferences held in 2007 to address the opportunities
and challenges of transition to a bio-economy. The ﬁrst, an international sympo-
sium on “Fueling Change with Renewable Energy,” was held at the University
of Illinois at Urbana-Champaign in April 2007, while the second, “Intersection
of Energy and Agriculture: Implications of Biofuels and the Search for a Fuel of
the Future,” was held at the University of California at Berkeley in October 2007.
As early as the beginning of the 20th century Rudolf Diesel proposed vegetable oil as
fuel for his engine.1 A short time later, before and during World War Two, vegetable
oil was examined in “up-to-date” diesel engines. In 1940 first trials with vegetable oil
methyl and ethyl esters were carried out in France and, at the same time, scientists in
Belgium were using palm oil ethyl ester as a fuel for buses.2 In 1973, the oil crisis
refocused attention on and interest for local energy sources.
This report examines the sectors that are expected to grow and develop over the next
several years. The American Recovery and Reinvestment Act (ARRA) will create new
opportunities in already-expanding industries such as health care and education, and also will
create new opportunities in fledgling industries, such as renewable energy production and
Employers demand workers who can think critically and solve problems. As a result,
future prosperity will require greater worker investment in post-secondary education and
training. The current U.S.
If the UK environmental employment baseline level grows in line with projected annual growth rates
(see Table 3 below), then, potentially, an additional 400,000 jobs could be created over the next eight
years ‐ representing a 45% increase on today’s level. This is a rough estimate based on the growth in
market value, where employment levels are calculated on a pro rata basis.
In view of a possible climate change and increasing oil-prices, there is a need to change our rate of using carbon-intensive fossil energy resources in the future. Fuel cells and batteries have been proposed as technical solutions for energy conversion and storage, allowing for paving the way for a prospective world relying mainly on renewable low-carbon intensive energy sources.