Showing 1 - 10 of 50
-efficiency across generations and sustainability, i.e. non-decreasing utility over time. Our model includes two salient characteristics … of sustainability problems and policy: (i) temporal irreversibility, i.e. the inability to revise one's past actions; (ii … initially unforeseen sustainability problems become apparent and policy is enacted after irreversible actions were taken, policy …
Persistent link: https://www.econbiz.de/10010281770
We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer's (1972 … welfare maximization, and Brundtland-sustainability. Using a two-generationsresource-model, we find the following …. Sustainability and responsibility for sustainability are equivalent if and only if sustainability is feasible. If it is not, there …
Persistent link: https://www.econbiz.de/10010281771
-efficiency across generations and sustainability, i.e. non-decreasing utility over time. Our model includes two salient characteristics … of sustainability problems and policy: (i) temporal irreversibility, i.e. the inability to re- vise one’s past actions …”. If initially unforeseen sustainability problems become apparent and policy is enacted after irreversible ac- tions were …
Persistent link: https://www.econbiz.de/10008907720
We study how human preferences affect the resilience of economies that depend on more than one type of natural resources. In particular, we analyze whether the degree of substitutability of natural resources in consumer needs may give rise to multiple steady states and path dependence even when...
Persistent link: https://www.econbiz.de/10009380175
Two important policy goals in intergenerational problems are Pareto-efficiency and sustainability, i …-off. Our analysis highlights two salient characteristics of sustainability problems and policy: (i) temporal irreversibility, i …-environment systems (“unknown unknowns”). If initially unknown sustainability problems become apparent and policy is enacted after …
Persistent link: https://www.econbiz.de/10009651105
Strong sustainability, according to the common definition, requires that different natural and economic capital stocks … therefore define strong sustainability under uncertainty in an operational manner, we propose to use the concept of viability … of viability as special cases. It provides an operational criterion of strong sustainability under conditions of …
Persistent link: https://www.econbiz.de/10005545371
We propose a formal description of individual preferences that captures a subsistence requirement in consumption in an otherwise standard constant-elasticity-ofsubstitution (CES) utility specification. We study how substitutability between the subsistence good and another good depends on the...
Persistent link: https://www.econbiz.de/10010333508
Strong sustainability, according to the common definition, requires that different natural and economic capital stocks … therefore define strong sustainability under uncertainty in an operational manner, we propose to use the concept of viability …
Persistent link: https://www.econbiz.de/10010265172
We perform a model analysis to study the origins of limited resilience in ecological-economic systems. We demonstrate that the resilience properties of the ecosystem are essentially determined by the management institutions and consumers' preferences for ecosystem services. In particular, we...
Persistent link: https://www.econbiz.de/10010265202
Understanding what influences the value of nature is crucial for informing environmental policy. From a sustainability …
Persistent link: https://www.econbiz.de/10011753717