IDEAS home Printed from https://ideas.repec.org/a/scm/ecofrm/v3y2014i2p3.html
   My bibliography  Save this article

Low Entropy: Creating Physical Basis For Economic Value By Environmental Policy Tools

Author

Listed:
  • Florina BRAN

    (Bucharest University of Economic Studies, Romania)

  • Ildiko IOAN

    (Bucharest University of Economic Studies, Romania)

  • Carmen Valentina RADULESCU

    (Bucharest University of Economic Studies, Romania)

Abstract

The economic value is expressed by prices, but their high volatility was a strong reason to consider other elements to be used for measurement. The most appropriate elements for this were established by the theories of value that explain how value is created, enhanced, transferred, and how it influence prices. By revealing the changing economic contexts that forced these theories to adapt and to use different physical basis for value calculation it is prepared a framework model to analyse the current environmental policy. The case study of carbon markets highlighted the limited possibility of restraining access to common goods signalling that a proper addressing of the environmental challenge will necessitate more important changes to be made.

Suggested Citation

  • Florina BRAN & Ildiko IOAN & Carmen Valentina RADULESCU, 2014. "Low Entropy: Creating Physical Basis For Economic Value By Environmental Policy Tools," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 3(2), pages 1-3, July.
    • Handle: RePEc:scm:ecofrm:v:3:y:2014:i:2:p:3
    as

    Download full text from publisher

    File URL: http://ecoforumjournal.ro/index.php/eco/article/download/75/69
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert Sova & Christophe Rault & Guglielmo Caporale & Anamaria Sova, 2014. "Improving Environmental Performance: A Challenge for Romania," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(3), pages 431-452, March.
    2. Fisk, David, 2011. "Thermodynamics on Main Street: When entropy really counts in economics," Ecological Economics, Elsevier, vol. 70(11), pages 1931-1936, September.
    3. Nitzan, Jonathan & Bichler, Shimshon, 2009. "Capital as Power. A Study of Order and Creorder," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157973.
    4. Iordanis Kalaitzoglou & Boulis Maher Ibrahim, 2013. "Trading Patterns in the European Carbon Market: The Role of Trading Intensity and OTC Transaction," Post-Print hal-00859268, HAL.
    5. Liliana SCUTARU, 2013. "Economic Development Versus Sustainable Development," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 2(1), pages 1-6, January.
    6. Valentin HAPENCIUC & Pavel STANCIU & Iulian CONDRATOV & Ruxandra BEJINARU, 2011. "Valorification Of The Touristic Potential And Of The Intellectual Capital Within The Hospitality Industry - Case Study On The Touristic Area Of Sucevita – Romania," Revista de turism - studii si cercetari in turism / Journal of tourism - studies and research in tourism, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 11(11), pages 65-70, December.
    7. Dana Costea & Ganesh Vaidyanthan, 2013. "A Measure of Perceived Usefulness in the Pre-Implementation Stages of Healthcare Projects," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 3(1), pages 1-2, February.
    8. Iordanis Kalaitzoglou & Boulis Maher Ibrahim, 2013. "Trading patterns in the European carbon market: The role of trading intensity and OTC transactions," Post-Print hal-00930898, HAL.
    9. Kalaitzoglou, Iordanis & Ibrahim, Boulis Maher, 2013. "Trading patterns in the European carbon market: The role of trading intensity and OTC transactions," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(4), pages 402-416.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhou, Xinxing & Gao, Yan & Wang, Ping & Zhu, Bangzhu & Wu, Zhanchi, 2022. "Does herding behavior exist in China's carbon markets?," Applied Energy, Elsevier, vol. 308(C).
    2. Ibrahim, Boulis Maher & Kalaitzoglou, Iordanis Angelos, 2016. "Why do carbon prices and price volatility change?," Journal of Banking & Finance, Elsevier, vol. 63(C), pages 76-94.
    3. Rannou, Yves & Barneto, Pascal, 2016. "Futures trading with information asymmetry and OTC predominance: Another look at the volume/volatility relations in the European carbon markets," Energy Economics, Elsevier, vol. 53(C), pages 159-174.
    4. Chuan Li & Liangrong Song, 2022. "Regional Differences and Spatial Convergence of Green Development in China," Sustainability, MDPI, vol. 14(14), pages 1-16, July.
    5. Tengda Lu & Xieer Dai & Jun Chen & Ming Dai, 2018. "Pricing Industrial Discharge Quota (IDQ): A Model Reflecting Opportunity Cost of Performing Ecological Responsibility," Sustainability, MDPI, vol. 10(6), pages 1-20, June.
    6. Kalaitzoglou, Iordanis Angelos & Ibrahim, Boulis Maher, 2015. "Liquidity and resolution of uncertainty in the European carbon futures market," International Review of Financial Analysis, Elsevier, vol. 37(C), pages 89-102.
    7. Iordanis Angelos Kalaitzoglou & Boulis Maher Ibrahim, 2015. "Liquidity and resolution of uncertainty in the European carbon futures market," Post-Print hal-01107956, HAL.
    8. Jordan Brennan, 2013. "The Power Underpinnings, and Some Distributional Consequences, of Trade and Investment Liberalisation in Canada," New Political Economy, Taylor & Francis Journals, vol. 18(5), pages 715-747, October.
    9. Joel Rabinovich & Niall Reddy, 2024. "Corporate Financialization: A Conceptual Clarification and Critical Review of the Literature," Working Papers PKWP2402, Post Keynesian Economics Society (PKES).
    10. Blair Fix, 2019. "The Aggregation Problem: Implications for Ecological and Biophysical Economics," Biophysical Economics and Resource Quality, Springer, vol. 4(1), pages 1-15, March.
    11. Sidika Basci & Nadia Hassan, 2020. "Using Numbers to Persuade: Hidden Rhetoric of Statistics," International Econometric Review (IER), Econometric Research Association, vol. 12(1), pages 75-97, April.
    12. McMahon, James, 2013. "The Rise of a Confident Hollywood: Risk and the Capitalization of Cinema," EconStor Preprints 157854, ZBW - Leibniz Information Centre for Economics.
    13. Blair Fix, 2019. "Energy, hierarchy and the origin of inequality," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-32, April.
    14. Blair Fix, 2019. "Dematerialization Through Services: Evaluating the Evidence," Biophysical Economics and Resource Quality, Springer, vol. 4(2), pages 1-17, June.
    15. Sonja JOVANOVIĆ, & Ivana Ilić, 2017. "The Most Important Goals Of Sustainable Development And Environmental Policy In The European Union And The Western Balkan Countries," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(1), pages 1-1, January.
    16. Kivisto, Hanna, 2016. "Capital as Power and the Corporatization of Education," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 1-17.
    17. Nitzan, Jonathan & Bichler, Shimshon, 2019. "CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage' (Revised and Expanded)," Working Papers on Capital as Power 2019/01, Capital As Power - Toward a New Cosmology of Capitalism.
    18. Fix, Blair, 2017. "Evidence for a Power Theory of Personal Income Distribution," Working Papers on Capital as Power 2017/03, Capital As Power - Toward a New Cosmology of Capitalism.
    19. Fix, Blair, 2014. "Rethinking Profit: How Redistribution Drives Growth," Working Papers on Capital as Power 2014/02, Capital As Power - Toward a New Cosmology of Capitalism.
    20. Pitts, Frederick Harry, 2016. "Capital as Power in the Creative Industries: A Case Study of Freelance Creative Work in the Netherlands," Working Papers on Capital as Power 2016/06, Capital As Power - Toward a New Cosmology of Capitalism.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scm:ecofrm:v:3:y:2014:i:2:p:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iulian Condratov (email available below). General contact details of provider: https://edirc.repec.org/data/feusvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.