Perfect Competition and Sustainability – A Brief Note
International Journal of Social Economics, Vol. 37, Issue: 5, pp. 384 - 390
11 Pages Posted: 6 Sep 2014
Date Written: May 1, 2010
Adding sustainability to the conditions of perfect competition (PC) results in a meaningful benchmark, especially in the context of pursuing sustainability as a policy goal. On this basis, some standard explanations involving the comparisons with imperfect competition can be questioned. But, importantly the recognition of sustainability besides the standard conditions of PC provides the basis for expositing voluntary environmental stewardship.
Keywords: Sustainability, Perfect Competition, Voluntary Stewardship
JEL Classification: D01, Q50
Suggested Citation: Suggested Citation