Environmental Efficiency

Michael Perelman

Chapter 5 in The Perverse Economy, 2003, pp 133-144 from Palgrave Macmillan

Abstract: Abstract According to the iron logic of economics, markets supposedly avoid the Tragedy of the Commons by assigning higher prices to relatively scarce commodities. This form of rationing encourages people to find ways of economizing on scarce resources.

Keywords: Prussian Blue; Environmental Efficiency; Market Discipline; Hybrid Corn; Corn Crop (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-8026-7_6

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DOI: 10.1057/9781403980267_6

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