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dc.contributor.authorBleischwitz, Raimunden_US
dc.description.abstractThe paper sketches out a theoretical framework for analysing the interplaybetween eco-efficiency, cognition and institutions. It derives from analyticalshortfalls of the prevailing literature, which features strongly engineering andbusiness economics, by using insights from New Institutional Economics, fromCognitive Sciences and, partly, from Evolutionary Economics. It emphasises therole cognition and institutions play in the adoption of green technologies byfirms. A cognitive perspective derives from recent research on simple heuristicsand context-based rationality; it is proposed that those recent findings can serve toanalyse 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. theability of institutions to evolve over time and the development of those institutionsthat are most appropriate to enhance technological change. In this regard, businessinstitutions and competition are crucial, but regulatory needs remain in order tosafeguard continuity of knowledge creation. The framework allows for an analysiswhy overall adoption of eco-efficiency still can be considered relatively slow andwhy some markets and firms are far ahead. As a brief case study the articlereflects upon German waste law's ability to enhance eco-efficiency.en_US
dc.publisherWuppertal-Inst. für Klima, Umwelt, Energie Wuppertalen_US
dc.relation.ispartofseriesWuppertal papers 123en_US
dc.subject.keywordTechnical Changeen_US
dc.subject.keywordInstitutional Changeen_US
dc.subject.keywordKnowledge Creationen_US
dc.subject.keywordEnvironmental Managementen_US
dc.subject.keywordFactor Fouren_US
dc.subject.stwNachhaltige Entwicklungen_US
dc.subject.stwTechnischer Fortschritten_US
dc.subject.stwInstitutioneller Wandelen_US
dc.titleCognitive and institutional perspectives of eco effiency: A new research landscape towards factor four (or more)en_US
dc.typeWorking Paperen_US
Appears in Collections:Wuppertal Papers, Wuppertal Institut für Klima, Umwelt, Energie

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