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Cognitive and institutional perspectives of eco-efficiency : a new research landscape towards Factor Four (or more)

  • The paper sketches out a theoretical framework for analysing the interplay between eco-efficiency, cognition and institutions. It derives from analytical shortfalls of the prevailing literature, which features strongly engineering and business economics, by using insights from New Institutional Economics, from Cognitive Sciences and, partly, from Evolutionary Economics. It emphasises the role cognition and institutions play in the adoption of "green" technologies by firms. A cognitive perspective derives from recent research on simple heuristics and context-based rationality; it is proposed that those recent findings can serve to analyse decision-making of individual actors or firms and, thus, should complement economic analysis. A secondThe paper sketches out a theoretical framework for analysing the interplay between eco-efficiency, cognition and institutions. It derives from analytical shortfalls of the prevailing literature, which features strongly engineering and business economics, by using insights from New Institutional Economics, from Cognitive Sciences and, partly, from Evolutionary Economics. It emphasises the role cognition and institutions play in the adoption of "green" technologies by firms. A cognitive perspective derives from recent research on simple heuristics and context-based rationality; it is proposed that those recent findings can serve to analyse decision-making of individual actors or firms and, thus, should complement economic analysis. A second proposition is that eco-efficiency and normative rules such as a Factor Four strongly rely upon institutions, i.e. the ability of institutions to evolve over time and the development of those institutions that are most appropriate to enhance technological change. In this regard, business institutions and competition are crucial, but regulatory needs remain in order to safeguard continuity of knowledge creation. The framework allows for an analysis why overall adoption of eco-efficiency still can be considered relatively slow and why some markets and firms are far ahead. As a brief case study the article reflects upon German waste law’s ability to enhance eco-efficiency.show moreshow less

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Metadaten
Document Type:Working Paper
Author:Raimund Bleischwitz
URN (citable link):https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-14172
Publisher:Wuppertal Inst. für Klima, Umwelt, Energie
Place of Publication:Wuppertal
Year of Publication:2002
Pagenumber:27
Series Title (English):Wuppertal papers
Volume:123
Language:English
Release Date:2011/11/04
Division:Präsidialbereich
Dewey Decimal Classification:330 Wirtschaft
Licence:License LogoIn Copyright - Urheberrechtlich geschützt