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Economic Analysis, Sustainability and Environmental Commons

Musu, Ignazio - CESifo - 2013

When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...

Persistent link: https://www.econbiz.de/10010723528

Climate Policy under Sustainable Discounted Utilitarianism

Dietz, Simon; Asheim, Geir B. - CESifo - 2011

Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for climate policies, where the discounting of...

Persistent link: https://www.econbiz.de/10009293489

Generous Sustainability

Gerlagh, Reyer - CESifo - 2014

I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a Ramsey economy, and a Climate Economy. Generosity is...

Persistent link: https://www.econbiz.de/10011086452

The Demands for Environmental Regulation and for Trade in the Presence of Private Mitigation

Hotte, Louis; Winer, Stanley L. - CESifo - 2008

equilibrium of a small open economy where the environment is an input to production. Differences in the ability of individuals to … role in the determination of collective choices with respect to the regulation of the environment and of trade. We conclude … by drawing out the implications of the analysis for the study of the political economy of the environment …

Persistent link: https://www.econbiz.de/10005094435

Brown Growth, Green Growth, and the Efficiency of Urbanization

Quaas, Martin F.; Smulders, Sjak - CESifo - 2012

We analyze the efficiency of urbanization patterns in a stylized dynamic model of urban growth with three sectors of production. Pollution, as a force that discourages agglomeration, is caused by domestic production. We show that cities are too large and too few in number in uncoordinated...

Persistent link: https://www.econbiz.de/10010599729

An Environmental-Economic Measure of Sustainable Development

Cairns, Robert D.; Martinet, Vincent - CESifo - 2013

utility as an environmental-economic footprint. The time derivative of maximin value is interpreted as net investment in …

Persistent link: https://www.econbiz.de/10010877894

Combining Rights and Welfarism: A New Approach to Intertemporal Evaluation of Social Alternatives

Long, Ngo Van; Martinet, Vincent - CESifo - 2012

thresholds play an important role in the determination of the rate of discount to be applied to social investment projects. …

Persistent link: https://www.econbiz.de/10009651182

Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting

Traeger, Christian - CESifo - 2012

The paper develops an axiomatic framework for rational decision making. The von Neumann-Morgenstern axioms give rise to a richer risk attitude than that captured in the standard discounted expected utility model. I derive three models that permit a more comprehensive risk evaluation. These...

Persistent link: https://www.econbiz.de/10010544183

Sustainability and Discounted Utilitarianism in Models of Economic Growth

Asheim, Geir B.; Mitra, Tapan - CESifo - 2009

Discounted utilitarianism treats generations unequally and leads to seemingly unappealing consequences in some models of economic growth. Instead, this paper presents and applies sustainable discounted utilitarianism (SDU). SDU respects the interests of future generations and resolves...

Persistent link: https://www.econbiz.de/10005181313

Rapacious Resource Depletion, Excessive Investment and Insecure Property Rights

Ploeg, Frederick Van der - CESifo - 2010

For a country fractionalized in competing factions, each owning part of the stock of natural exhaustible resources, or with insecure property rights, we analyze how resources are transformed into productive capital to sustain consumption. We allow property rights to improve as the country...

Persistent link: https://www.econbiz.de/10008583632

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