Squandered profit opportunities? Some historical perspective on industrial waste and the Porter Hypothesis

Pierre Desrochers and Colleen E. Haight

Resources, Conservation & Recycling, 2014, vol. 92, issue C, 179-189

Abstract: Despite numerous studies, the ‘Porter Hypothesis’ (PH), which states well-designed regulations can compel manufacturers to develop innovations with both economic and environmental benefits, remains unsettled. We examine two significant cases for which PH claims were once made: the British alkali industry and the (Tennessee) Copper Basin smelting operations. Our conclusions are: (1) the PH is based on a flawed understanding of how ‘win win’ innovations spontaneously emerge in competitive settings, (2) regulatory pressures were only one (and typically minor) factor, and (3) “strict and well designed” environmental regulations are unlikely to deliver superior outcomes to traditional property rights-based approaches.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0921344914001359
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:recore:v:92:y:2014:i:c:p:179-189

DOI: 10.1016/j.resconrec.2014.07.001

Access Statistics for this article

Resources, Conservation & Recycling is currently edited by Ming Xu

More articles in Resources, Conservation & Recycling from Elsevier
Bibliographic data for series maintained by Kai Meng ().