We demonstrate the existence of an intergenerational equity-efficiency trade- off in policy-making that aims at Pareto-efficiency across generations and sustainability, i.e. non-decreasing utility over time. Our model includes two salient characteristics of sustainability problems and policy:...

Resilience as a descriptive concept gives insight into the dynamic properties of a system. Sustainability as a normative concept captures basic ideas of inter- and intragenerational justice. In this paper we specify the relationship between resilience and sustainable development. Based on an...

We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer‟s (1972) principle and the Brundtland Commission‟s notion of sustainability (WCED 1987). We relate this notion of responsibility to established criteria for the assessment of...

We analyze a dynamic and stochastic ecological-economic model of grazing management in semi-arid rangelands. The non-equilibrium ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty such as to maximize expected utility from...

Strong sustainability, according to the common definition, requires that different natural and economic capital stocks have to be maintained as physical quantities separately. Yet, in a world of uncertainty this cannot be guaranteed. To therefore define strong sustainability under uncertainty in...

We analyze a dynamic and stochastic ecological-economic model of grazing management in semi-arid range lands. The non-equilibrium ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty such as to maximize expected utility...

We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer‟s (1972) principle and the Brundtland Commission‟s notion of sustainability (WCED 1987). We characterize this notion of responsibility through necessary and sufficient conditions,...