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Persistent link: https://www.econbiz.de/10011373770
(Englisch): heterogeneity, uncertainty, risk, Namibia, environmental management …
Persistent link: https://www.econbiz.de/10011311838
be maintained as physical quantities separately. Yet, in a world of uncertainty this cannot be guaranteed. To therefore … define strong sustainability under uncertainty in an operational manner we propose to use the concept of viability. Viability …
Persistent link: https://www.econbiz.de/10003830274
Persistent link: https://www.econbiz.de/10010467482
have to be maintained as physical quantities separately. Yet, in a world of uncertainty this cannot be guaranteed. To … therefore define strong sustainability under uncertainty in an operational manner, we propose to use the concept of viability …
Persistent link: https://www.econbiz.de/10003655190
ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty … grazing management strategy and show that a risk averse farmer chooses a strategy such as to obtain insurance from the … sufficiently risk-averse, will choose a sustainable grazing management strategy, even if he does not take into account long …
Persistent link: https://www.econbiz.de/10012767397
, i.e. the inability to revise one's past actions; and (ii) uncertainty of future consequences of present actions in human …
Persistent link: https://www.econbiz.de/10013008702
Persistent link: https://www.econbiz.de/10011737092
be maintained as physical quantities separately. Yet, in a world of uncertainty this cannot be guaranteed. To therefore … define strong sustainability under uncertainty in an operational manner we propose to use the concept of viability. Viability … viability as special cases. It provides an operational criterion of strong sustainability under a mild form of uncertainty and …
Persistent link: https://www.econbiz.de/10014222509
states of nature and their payoffs, but not the probability of these states (Knightian uncertainty). Focusing on the extreme … version of Knightian uncertainty, we do not employ probabilities, beliefs or anything alike. Instead, the functions build on … properties of a preference function (symmetry, non-satiation, uncertainty aversion, invariance under various state …
Persistent link: https://www.econbiz.de/10014264376