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-temporal realm, we find that dynamic efficiency is a necessary but not sufficient condition for a notion of sustainability that has … normative standing as a goal for public policy. We define sustainability as dynamic efficiency plus intergenerational equity … concept of "sustainability". We relate such a definition of sustainability to well known concepts from neoclassical economics …
Persistent link: https://www.econbiz.de/10011597674
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We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on research emerging from the late 2000s onward, with an emphasis on empirical work considering new mechanisms, studying new dimensions of inequality, and developing new...
Persistent link: https://www.econbiz.de/10014536261
The Millennium Ecosystem Assessment is built on a conceptual framework that links biodiversity to the services ecosystems provide to society. Based on this framework, we first compile market and non-market forest valuation studies and, secondly, explore the potential of an econometric modeling...
Persistent link: https://www.econbiz.de/10008809096
By using ad hoc value transfer protocols, this paper offers a methodological contribution and provides accurate per hectare estimates of the economic value of some selected ecosystem services for all forest biomes in the world, identified following the Millennium Ecosystem Assessment taxonomy...
Persistent link: https://www.econbiz.de/10008809695
Governments contracting with private agents for the provision of an impure public good must contend with agents who would potentially supply the good absent any payments. This additionality problem is centrally important in the use of carbon offsets as part of climate change mitigation....
Persistent link: https://www.econbiz.de/10008840963
First-best optimal forest sector carbon policy is examined. Using a comprehensive forest sector model with a detailed carbon cycle section we show that the renewability and carbon neutrality arguments do not warrant emission free treatment of forest bioenergy. However, under the biomass stock...
Persistent link: https://www.econbiz.de/10010250434
In this study we estimate the passive use value of forest in different ecological zones in the Mediterranean region. We estimate these values for forests using meta-analysis. These estimates are used to reveal the annual monetary values per hectare for each country. The total annual amount of...
Persistent link: https://www.econbiz.de/10010419882
The carbon mitigation literature has separately considered using forests to store carbon and as a source of bioenergy. In this paper, we look at both options to reach a 2°C mitigation target. This paper combines the global forest model, GTM, with the IAM WITCH model to study the optimal use of...
Persistent link: https://www.econbiz.de/10011451543