Economic growth as we know it today cannot persist indefinitely if it entails continuous degradation of natural resources and the environment. While in a few countries around the world it appears that environmental degradation has been the result of rapid economic growth, in the vast majority of...

In this paper we present a Nash dynamic game model of interactions among oil inventory and tariff policies for oil importing countries. The inventory policies consist of the rates for building up and drawing down strategic oil reserves, while the tariff policies consist of setting tariffs as a...

The concept of "sustainability" has been increasingly invoked in scholarly and public policy debates. Discussion has been hampered, however, by uncertainty and lack of uniformity in the meaning of sustainability. This paper seeks to identify some common ground among economists, ecologists, and...

Admonitions to decision makers to "act sustainably" founder on conceptual ambiguities that transcend disciplinary boundaries and affect the definition and assessment of sustainability. In this article we address these underlying theoretical difficulties, paying special attention to two clusters...