Modeling the interface between the social geosystem and the environment

Oleg Tolstoguzov and Anastasia Belykh

MPRA Paper from University Library of Munich, Germany

Abstract: This article deals with the context of a new rationality in modeling due to the climate agenda and the introduction of ESG-type principles. We studied a geosystem with homogeneous natural-territorial complexes with the same geological basement, mesoforms of relief and industrial-territorial complexes. They function in a unified institutional climate. In this case, the focus is on the mesoscale of systems. The institutional order is based on the relationship between private and general institutions, and on organizational features of regions. The Dixit-Stiglitz monopolistic competition model is used to account for financial performance and utility in an equilibrium industry with high nature intensity. What is new is the introduction of the concept of social brands associated with ecosystem services and used simultaneously to account for the utility and customization of the new economic order, as well as the introduction of a social discount rate (a discount factor). Social brands create a certain “green” meaningful context in relation to natural capital and acting brands through social platforms. Thus, the society, through the mechanism of social brands, is offered a new format of interactions in which the structure of social brands becomes a priority in relation to the productive structure of the economy.

Keywords: climate agenda; natural and social geosystems; utility; social discount; social brand (search for similar items in EconPapers)
JEL-codes: Q56 Q57 R58 (search for similar items in EconPapers)
Date: 2022-02-11
New Economics Papers: this item is included in nep-env and nep-upt
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Published in KnE Social Sciences Integration Processes in the Russian and International Research Domain: Experience and Prospects (2022): pp. 12-28

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:113164

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