'This book is an important contribution to environmental economics and industrial organisation. It analyses environmental markets for green, i.e. environmentally friendly, products and economic policies that improve the functioning of these markets and environmental quality. The book combines rigorous, state-of-the-art theoretical economic analysis with well-founded and very accessible interpretations, even of complex results, and comes to policy conclusions that are highly relevant. I strongly recommend this book - not only to environmental economists, but also to general economists with an interest in markets for differentiated products.' - Michael Rauscher, Rostock University, Germany 'Eco-friendly' variants are gaining market share in many industries such as food, textiles, furniture, detergents and paints, automobiles, electrical appliances or domestic energy. These industries usually involve environmental differentiation, where consumers differ in their willingness to pay for the environmental attributes of a product. Building on the existing literature, this novel book provides a comprehensive analysis of firm strategy and environmental policy-making in such a market. The effects on firm strategy, welfare and emissions of environmental product standards, subsidies for 'green' R&D and environmental taxation are studied in detail. The formal analysis is complemented by non-technical sections providing intuition and empirical context. The book will be of interest to student and scholars of environmental economics and applied industrial organisation as well as policymakers and environmental professionals.
The convertible bond market has recently gained increasing significance on a global basis with particularly notable growth among very fast growing companies hungry for capital. Philips' Convertible Bond Markets is a comprehensive assessment of this market place, illustrating clearly how investors of all risk persuasions may best utilise the instrument. It will be of great interest both to academics and to professionals including equity fund managers, bond fund managers, 'swaps' teams, stock loan departments, risk controllers, treasurers and proprietary traders.
The Euro, Capital Markets, and Dollarization describes the economic and capital market results of the institution of the single currency, the euro, in Europe after January 2000. This startling event appears to foreshadow increased capital market efficiency, increased labor migration, massive cross-border mergers, the eastward spread of the monetary union, and the division of the world into currency blocs. Visit our website for sample chapters! Visit our website for sample chapters!
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