Showing 1 - 10 of 5,429
Persistent link: https://www.econbiz.de/10012130218
Persistent link: https://www.econbiz.de/10012180275
sustainability-focused wealth accounts. Typical bookend assumptions of the social planner optimally managing natural capital versus …
Persistent link: https://www.econbiz.de/10014023894
are inadequate for identifying sustainable development. A comprehensive measure of an economy's wealth is developed and …
Persistent link: https://www.econbiz.de/10014025728
In this chapter both theory and empirics are used to show that our picture of the processes of economic development changes radically when nature is introduced as a capital asset. Particular features of institutions that fashion societies' use of the natural-resource base are identified and...
Persistent link: https://www.econbiz.de/10010700812
Persistent link: https://www.econbiz.de/10011630857
Persistent link: https://www.econbiz.de/10012112006
We provide a method to measure welfare, in money-metric terms, taking into account expectations about the future. Our two key assumptions are that (1) the expenditure function is separable between the present and the future, and (2) there are some households that do not face idiosyncratic...
Persistent link: https://www.econbiz.de/10014576596
We consider the allocation of a finite number of indivisible objects to the same number of agents according to an exogenously given queue. We assume that the agents collaborate in order to achieve an efficient outcome for society. We allow for side-payments and provide a method for obtaining...
Persistent link: https://www.econbiz.de/10008493097
In this note, we state a zero-maximum principle for core allocations, a result which was foreseen by Luenberger (1995). We prove a generalization of the first-zero maximum theorem of Luenberger. Roughly said, an allocation is in the core if for every coalition, the sum of individual benefit...
Persistent link: https://www.econbiz.de/10004977751