Development of principles for construction of a rational method for formalization the assessment process of the negative impact of the environmental problem on the competitive market

The object of research is environmental issue, caused by global warming which has negative impact on market. Since, any negative impact is associated with externalities, a market cannot be considered as an efficient market. According to the literature research, market with externalities cannot recov...

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Main Author: Olena Zhytkevych
Format: Article
Language:English
Published: PC Technology Center 2021-07-01
Series:Technology Audit and Production Reserves
Subjects:
Online Access:http://journals.uran.ua/tarp/article/view/237526
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spelling doaj-5ba7d113b2104e95992798f33815ff5f2021-08-20T11:23:51ZengPC Technology CenterTechnology Audit and Production Reserves2664-99692706-54482021-07-0144(60)192310.15587/2706-5448.2021.237526275222Development of principles for construction of a rational method for formalization the assessment process of the negative impact of the environmental problem on the competitive marketOlena Zhytkevych0https://orcid.org/0000-0003-2042-8795Ukrainian-American Concordia UniversityThe object of research is environmental issue, caused by global warming which has negative impact on market. Since, any negative impact is associated with externalities, a market cannot be considered as an efficient market. According to the literature research, market with externalities cannot recover by itself.Thus, one of the most problematic places is the proper identification of the problem related to environmental factors. The identified problem and its impact on a market should be modeled to determine possible negative effects on market participants. Based on the study’s results it is possible to approach the development of alternative solutions to the problem in order to increase economic efficiency. Because environmental factors are dynamic and have significant impact on a market, it is not possible to ignore such a relationship, which can lead to a source of a wide range of dangers.The problem can be attributed to the not studied enough, which, in turn, provides a large field of activity for its further study.One of the productive ways to solve this problem is to perform an economic analysis of the environmental problem as an external problem and develop principles for building a rational method of formalizing the assessing process for the negative impact of environmental problems on the competitive market. This will make it possible to automate the process, which will serve as a basic aspect of developing a plan of further actions.To achieve this aim, the author analyzed the environmental factors caused by climate change and have an impact on the ecosystem and markets. The foundations and needs for a climate policy were also analyzed. The climate policy is designed to improve the situation. The basic principles of constructing a rational method of formalizing the process of assessing the negative impact of environmental problems on the competitive market have been proposed by the author.http://journals.uran.ua/tarp/article/view/237526economic analysis of environmental issuemodeling of environmental issuecompetitive market model
collection DOAJ
language English
format Article
sources DOAJ
author Olena Zhytkevych
spellingShingle Olena Zhytkevych
Development of principles for construction of a rational method for formalization the assessment process of the negative impact of the environmental problem on the competitive market
Technology Audit and Production Reserves
economic analysis of environmental issue
modeling of environmental issue
competitive market model
author_facet Olena Zhytkevych
author_sort Olena Zhytkevych
title Development of principles for construction of a rational method for formalization the assessment process of the negative impact of the environmental problem on the competitive market
title_short Development of principles for construction of a rational method for formalization the assessment process of the negative impact of the environmental problem on the competitive market
title_full Development of principles for construction of a rational method for formalization the assessment process of the negative impact of the environmental problem on the competitive market
title_fullStr Development of principles for construction of a rational method for formalization the assessment process of the negative impact of the environmental problem on the competitive market
title_full_unstemmed Development of principles for construction of a rational method for formalization the assessment process of the negative impact of the environmental problem on the competitive market
title_sort development of principles for construction of a rational method for formalization the assessment process of the negative impact of the environmental problem on the competitive market
publisher PC Technology Center
series Technology Audit and Production Reserves
issn 2664-9969
2706-5448
publishDate 2021-07-01
description The object of research is environmental issue, caused by global warming which has negative impact on market. Since, any negative impact is associated with externalities, a market cannot be considered as an efficient market. According to the literature research, market with externalities cannot recover by itself.Thus, one of the most problematic places is the proper identification of the problem related to environmental factors. The identified problem and its impact on a market should be modeled to determine possible negative effects on market participants. Based on the study’s results it is possible to approach the development of alternative solutions to the problem in order to increase economic efficiency. Because environmental factors are dynamic and have significant impact on a market, it is not possible to ignore such a relationship, which can lead to a source of a wide range of dangers.The problem can be attributed to the not studied enough, which, in turn, provides a large field of activity for its further study.One of the productive ways to solve this problem is to perform an economic analysis of the environmental problem as an external problem and develop principles for building a rational method of formalizing the assessing process for the negative impact of environmental problems on the competitive market. This will make it possible to automate the process, which will serve as a basic aspect of developing a plan of further actions.To achieve this aim, the author analyzed the environmental factors caused by climate change and have an impact on the ecosystem and markets. The foundations and needs for a climate policy were also analyzed. The climate policy is designed to improve the situation. The basic principles of constructing a rational method of formalizing the process of assessing the negative impact of environmental problems on the competitive market have been proposed by the author.
topic economic analysis of environmental issue
modeling of environmental issue
competitive market model
url http://journals.uran.ua/tarp/article/view/237526
work_keys_str_mv AT olenazhytkevych developmentofprinciplesforconstructionofarationalmethodforformalizationtheassessmentprocessofthenegativeimpactoftheenvironmentalproblemonthecompetitivemarket
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