We study a growth model with an environmental asset which is a source of utility and an input to consumption and production. The stock of this asset follows its own ecological dynamics, which are affected by economic activity. We study the implications of an approach to ranking sequences of...

We study a growth model with an environmental asset which is a source of utility and an input to consumption and production. The stock of this asset follows its own ecological dynamics, which are affected by economic activity. We study the implications of an approach to ranking sequences of...

We study a growth model with an environmental asset which is a source of utility and an input to consumption and production. The stock of this asset follows its own ecological dynamics, which are affected by economic activity. We study the implications of an approach to ranking sequences of...

Uncertainty is part and parcel of the human condition. The need to manage climate risk has shaped human institutions for many centuries, giving rise to insurance in agricultural societies and to patterns of land holdings across medieval Europe. Today's concern about global climate change breaks...

The IPAT-model developed by Ehrlich and Holdren is widespread in ecological economics in order to quantify the impact of population growth on environmental deterioration. We comment on this model and extensions proposed by several authors from a theoretical and empirical point of view.

In this paper, we investigate the external effects of the parent's decisions on the number of newly born children and the firm's decisions on the amount of polluting emissions that occur in industrial production. We employ an optimal control model which comprises three stock variables...

The purpose of this note is to clarify and complement several comments on my work [Chichilnisky, 1980, 1982a], which appeared in this Journal: Baigent [1987], Nitzan [1989], and Baigent [1989]. I shall offer two new results. The first result constructs a continuous, anonymous social selection...