Sustainability and efficiency are potentially conflicting social objectives in natural resource management. We propose a market mechanism to allocate use rights over a stochastic resource to private managers. The mechanism endogenously determines the maximal tenure length guaranteeing that the...

The relationship between natural resource exploitation and the discount rate in economic theory is well documented. The discount rate is deemed to influence resource utilization such that a higher discount rate will speed up natural resource exploitation in market oriented economy and a lowering...

We investigate renewable resources when the harvesting agents face self-control problems. Individuals are conceptualized as dual selves. The rational long-run self plans for the infinite future while the affective short-run self desires to maximize instantaneous profits. Depending on the degree...

We investigate renewable resources when the harvesting agents face self-control problems. Individuals are conceptualized as dual selves. The rational long-run self plans for the infinite future while the affective short-run self desires to maximize instantaneous profits. Depending on the degree...

Management für eine nachhaltige Zukunftsgestaltung -- Nachhaltiges Wirtschaften und Unternehmensmanagement -- Umwelt in Gesellschaft, Politik und Recht -- Ökosysteme, Landnutzung und Biodiversität -- Umweltrelevante Systeme und Technologien -- Umweltinformationssysteme und -management --...

This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...

This paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chosen parameters yield...

This paper explores the potential of "boundary work" perspectives for enhancing current approaches in water resources management and research with a focus on developing countries. Boundary work thinking is analysed in the context of three currently leading approaches for water and natural...