In this paper we model sustainable human development as intended in Sen's capability approach in a system dynamic framework. Our purpose is to verify the variations over time of some achieved functionings, due to structural dynamics and to variations of the institutional setting and instrumental...

This paper offers a critical review of natural resource valuation and points out the role of economic valuation in EU policy-making. First of all, we specify the meaning of the economic value of environmental amenities, illustrate the most reliable and often used economic valuation techniques,...