What question did this study set out to answer?

To explain why market mechanisms consistently fail to assign prices to environmental concerns by analyzing competing forms of economization beyond traditional market design.

September 18, 2026Science Technology & Human ValuesOpen Access

Valuation and Its Problems: Economics and Markets for Environmental Concerns and Their Failure

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Authors

KAKristin AsdalInnovation Norway (Norway)ELEinar LieUniversity of Oslo

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Implication

Theoretical analysis reveals how competing versions of economization undermine environmental pricing markets, highlighting the critical role of bureaucracy and public administration.

Key Points

To explain why market mechanisms consistently fail to assign prices to environmental concerns by analyzing competing forms of economization beyond traditional market design.
Applied a relational framework combining Science and Technology Studies with the Social Studies of Markets.
Analyzed the enactment and contestation of economic theories across organizational settings, focusing on bureaucracy and public administration.
Demonstrated that attempts to establish prices for nature fail because economic theories are not uniformly performative and face competing, incompatible versions of economization.
Identified public administration and bureaucratic structures as primary arenas where different economic models conflict, hindering the realization of environmental market mechanisms.

Cite This Study

Asdal et al. (2026) studied this question.

synapsesocial.com/papers/6aad0bc6de0393d728b8a4c7 https://doi.org/10.1177/01622439261470136

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Implication

Theoretical analysis reveals how competing versions of economization undermine environmental pricing markets, highlighting the critical role of bureaucracy and public administration.

Valuation and Its Problems: Economics and Markets for Environmental Concerns and Their Failure

Discussion

Member takes

Implication

Key Points

Cite This Study

Valuation and Its Problems: Economics and Markets for Environmental Concerns and Their Failure

Discussion

Member takes

Implication

Key Points

Cite This Study

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