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Author:Dobers, P.
Title:Legislation-induced bubble markets : driving forces of air pollution control technology in the field of waste incineration
Journal:Scandinavian Journal of Management
1996 : SEP, VOL. 12:3, p. 255-273
Index terms:AIR POLLUTION
LEGISLATION
POLLUTION CONTROL
ENVIRONMENT
MARKETS
Language:eng
Abstract:Only recently has discussion started about the process whereby markets come into existence. Environmental problems are being increasingly addressed, which in turn creates new environmental markets. The concept of the market is presented in the perspective of microeconomic theory, industrial organization, and the life cycle concept. It is suggested that in these theories the existence of markets is taken for granted and is not questioned. On the basis of an exploratory field study it is argued here that in some areas environmental legislation is the major driving force behind the emergence of markets and the concept of legislation-induced bubble markets is introduced.
SCIMA record nr: 155052
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