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This enlightening book comprehensively maps the current state of economic psychology and behavioural economics. Exploring key concepts, topics and models in the field, it is also a launching pad for future research, providing useful insights on how to make good personal and professional decisions, advancing microeconomic discourse.The book lays out how economic decisions are made by answering key questions in the bordering field between economics and psychology. Close to the ecological rationality research program, it presents the main factors that determine economic choices, before exploring the most common algorithms used to concretize economic decisions and the main strategies for altering preferences. Chapters focus on the general issues surrounding economic choices, such as preferences, beliefs, emotions, and restrictions, and on the heuristic algorithms, including outstanding social ones, applied by people in decision-making processes. Drawing these elements together, the author presents a seminal model combining preferences and heuristics to explain choices in the consumption of goods and services.This book will be an invaluable resource for academic and professional economists seeking to deepen their understanding of the psychological dimension of economic decisions. It will also be a useful guide for students of economics, management and the wider social sciences curious about decision-making procedures.

This enlightening book comprehensively maps the current state of economic psychology and behavioural economics. Exploring key concepts, topics and models in the field, it is also a launching pad for future research, providing useful insights on how to make good personal and professional decisions, advancing microeconomic discourse.

The book lays out how economic decisions are made by answering key questions in the bordering field between economics and psychology. Close to the ecological rationality research program, it presents the main factors that determine economic choices, before exploring the most common algorithms used to concretize economic decisions and the main strategies for altering preferences. Chapters focus on the general issues surrounding economic choices, such as preferences, beliefs, emotions, and restrictions, and on the heuristic algorithms, including outstanding social ones, applied by people in decision-making processes. Drawing these elements together, the author presents a seminal model combining preferences and heuristics to explain choices in the consumption of goods and services.

This book will be an invaluable resource for academic and professional economists seeking to deepen their understanding of the psychological dimension of economic decisions. It will also be a useful guide for students of economics, management and the wider social sciences curious about decision-making procedures.

This enlightening book comprehensively maps the current state of economic psychology and behavioural economics. Exploring key concepts, topics and models in the field, it is also a launching pad for future research, providing useful insights on how to make good personal and professional decisions, advancing microeconomic discourse.The book lays out how economic decisions are made by answering key questions in the bordering field between economics and psychology. Close to the ecological rationality research program, it presents the main factors that determine economic choices, before exploring the most common algorithms used to concretize economic decisions and the main strategies for altering preferences. Chapters focus on the general issues surrounding economic choices, such as preferences, beliefs, emotions, and restrictions, and on the heuristic algorithms, including outstanding social ones, applied by people in decision-making processes. Drawing these elements together, the author presents a seminal model combining preferences and heuristics to explain choices in the consumption of goods and services.This book will be an invaluable resource for academic and professional economists seeking to deepen their understanding of the psychological dimension of economic decisions. It will also be a useful guide for students of economics, management and the wider social sciences curious about decision-making procedures.

This book provides an up-to-date analysis of state-of-the-art concentrating solar power (CSP) generation. It focuses on the economic analysis of CSP generation technologies as well as the policies that have been and are being used around the globe to support it. The book describes the industrial sectors whose products make up the solar field, including the traditional manufacturers of turbines and generators.The authors provide the main theoretical tools needed to comprehend the costs of CSP technologies compared to other competing technologies (both conventional and renewable) and discuss the conceptual rationale behind creating public support for these technologies and the costs of various promotional techniques. Further, the book examines the concepts from different disciplinary traditions in economics (including environmental, innovation, industrial and public), which are then combined and integrated for an analysis of the costs and policies of CSP electricity.Addressing the main findings and the challenges for future CSP, the book is a valuable resource for researchers and practitioners. It is also of use to industrial engineers, as it identifies the features of the sector’s supply chain value, rooted in and supported by an industrial economics approach.

This book provides an up-to-date analysis of state-of-the-art concentrating solar power (CSP) generation. It focuses on the economic analysis of CSP generation technologies as well as the policies that have been and are being used around the globe to support it. The book describes the industrial sectors whose products make up the solar field, including the traditional manufacturers of turbines and generators.The authors provide the main theoretical tools needed to comprehend the costs of CSP technologies compared to other competing technologies (both conventional and renewable) and discuss the conceptual rationale behind creating public support for these technologies and the costs of various promotional techniques. Further, the book examines the concepts from different disciplinary traditions in economics (including environmental, innovation, industrial and public), which are then combined and integrated for an analysis of the costs and policies of CSP electricity.Addressing the main findings and the challenges for future CSP, the book is a valuable resource for researchers and practitioners. It is also of use to industrial engineers, as it identifies the features of the sector’s supply chain value, rooted in and supported by an industrial economics approach.

This book provides an up-to-date analysis of state-of-the-art concentrating solar power (CSP) generation. It focuses on the economic analysis of CSP generation technologies as well as the policies that have been and are being used around the globe to support it. The book describes the industrial sectors whose products make up the solar field, including the traditional manufacturers of turbines and generators.The authors provide the main theoretical tools needed to comprehend the costs of CSP technologies compared to other competing technologies (both conventional and renewable) and discuss the conceptual rationale behind creating public support for these technologies and the costs of various promotional techniques. Further, the book examines the concepts from different disciplinary traditions in economics (including environmental, innovation, industrial and public), which are then combined and integrated for an analysis of the costs and policies of CSP electricity.Addressing the main findings and the challenges for future CSP, the book is a valuable resource for researchers and practitioners. It is also of use to industrial engineers, as it identifies the features of the sector’s supply chain value, rooted in and supported by an industrial economics approach.

This book provides an up-to-date, rigorous analysis of the state of the art of solar photovoltaic (PV) generation. It focuses on the economic analysis of solar PV generation technologies as well as the policies that have been devised and implemented around the globe to support it. It provides the main theoretical tools for understanding the cost of these technologies, and discusses them from both a historical and comparative perspective with respect to other competing technologies (both conventional and renewable). In addition, it presents the conceptual rationale to maximize reader insights into whether and how public support for these technologies is justified as well as the consequences for the economy of different promotion measures. Integrating concepts from different economics disciplines (environmental economics, innovation economics, industrial economics and public economics) into a coherent basis for the analysis of the costs and policies for solar PV electricity, it providesan update to the literature to reflect recent advances in and deployments of solar electricity and the drastic reduction in associated costs.

This book provides an up-to-date, rigorous analysis of the state of the art of solar photovoltaic (PV) generation. It focuses on the economic analysis of solar PV generation technologies as well as the policies that have been devised and implemented around the globe to support it. It provides the main theoretical tools for understanding the cost of these technologies, and discusses them from both a historical and comparative perspective with respect to other competing technologies (both conventional and renewable). In addition, it presents the conceptual rationale to maximize reader insights into whether and how public support for these technologies is justified as well as the consequences for the economy of different promotion measures. Integrating concepts from different economics disciplines (environmental economics, innovation economics, industrial economics and public economics) into a coherent basis for the analysis of the costs and policies for solar PV electricity, it providesan update to the literature to reflect recent advances in and deployments of solar electricity and the drastic reduction in associated costs.

This book provides an up-to-date, rigorous analysis of the state of the art of solar photovoltaic (PV) generation. It focuses on the economic analysis of solar PV generation technologies as well as the policies that have been devised and implemented around the globe to support it. It provides the main theoretical tools for understanding the cost of these technologies, and discusses them from both a historical and comparative perspective with respect to other competing technologies (both conventional and renewable). In addition, it presents the conceptual rationale to maximize reader insights into whether and how public support for these technologies is justified as well as the consequences for the economy of different promotion measures. Integrating concepts from different economics disciplines (environmental economics, innovation economics, industrial economics and public economics) into a coherent basis for the analysis of the costs and policies for solar PV electricity, it providesan update to the literature to reflect recent advances in and deployments of solar electricity and the drastic reduction in associated costs.

The subject of this book is production, which is an important and extensive field in economic science. In fact, production, distribution and consump­ tion were long considered the three federated kingdoms which together formed the great empire of the economy. According to other slightly dif­ ferent traditions, production also held pride of place, specifically as a basic link in the long chain of social reproduction. Today, whatever the theoreti­ cal approach, production is a fundamental requirement for human survival. This was not, however, always the case. For much of the history of man­ kind hominids were hunter, scavenger and gatherers, with very little con­ trol over their environment, and extremely little in the way of artefacts with which to work. However, since the Neolithic revolution, productive processes have constituted an essential mechanism, providing human soci­ ety with goods and services to satisfy its needs and cravings. A simple, yet pertinent, characterisation of the production process con­ ceives it as the transformation of a conglomerate of factors into a given number of products within a specific period of time. Refining this defini­ tion a little further, the said factors may be broken down into different categories: natural resources, means of production (covering two species: working capital and fixed assets) and the different forms of specific work.

The subject of this book is production, which is an important and extensive field in economic science. In fact, production, distribution and consump­ tion were long considered the three federated kingdoms which together formed the great empire of the economy. According to other slightly dif­ ferent traditions, production also held pride of place, specifically as a basic link in the long chain of social reproduction. Today, whatever the theoreti­ cal approach, production is a fundamental requirement for human survival. This was not, however, always the case. For much of the history of man­ kind hominids were hunter, scavenger and gatherers, with very little con­ trol over their environment, and extremely little in the way of artefacts with which to work. However, since the Neolithic revolution, productive processes have constituted an essential mechanism, providing human soci­ ety with goods and services to satisfy its needs and cravings. A simple, yet pertinent, characterisation of the production process con­ ceives it as the transformation of a conglomerate of factors into a given number of products within a specific period of time. Refining this defini­ tion a little further, the said factors may be broken down into different categories: natural resources, means of production (covering two species: working capital and fixed assets) and the different forms of specific work.