The faculties of Business Strategy professors commonly use extended case studies to illustrate concepts that are too complex to be easily formulated in mathematical models of the sort favoured by economists. Author will follow the tradition of the strategy field in using a single lengthy case study to illustrate what is meant by the title of this book: 'Environmental Management'.
The degradation of the environment is the product of the independent decisions of billions of individual users of environmental resources. The underlying causes of environmental degradation accordingly lie in the determinants of those individual decisions: the available information on the environmental effects of resource use; preferences of consumers; the technology available to producers; the rate at which users discount the future effects of current actions; ...