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Sustainable Consumption: Economics and Ethical Concerns for the Environment in Consumer Choices

ENVIRONMENTAL SCIENCE
Project Research
Pages: 85
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Available
1-5 Chapters
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Instant Download
NGN 5,000

Project Research Pages: 85 Available Available 1-5 Chapters Abstract Available Available Instant Download NGN 5,000

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Project Research Pages: 85 Available Available 1-5 Chapters NGN 5,000 Abstract Available Available Instant Download
Sustainable Consumption: Economics and Ethical Concerns for the Environment in Consumer Choices

Sustainable Consumption: Economics and Ethical Concerns for the Environment in Consumer Choices

 

INTRODUCTION


The article examines individual action informed by ethical concerns for the environment as a strategy for moving toward more sustainable consumption. The article first employs a model of rational choice to analyze independent consumer choices among the usually assumed self- and welfare-centered consumers and then expands the model to analyze the implications of other than self- and welfare-centered motivations for consumer choice.

The article next analyzes interdependent consumer choices informed by self- and welfare-centered values with the help of a simple game-theoretic model and then moves on to examine the implications of nonutilitarian environmental concerns for interdependent consumer choice in the same game-theoretic framework. The article concludes that although a strategy based on individual action may have limited promise when environmental concerns are widely shared, the case for collective action remains strong because of both efficiency and equity reasons.

Sustainable Consumption: Economics and Ethical Concerns for the Environment in Consumer Choices

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