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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
We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer‟s (1972 …) principle and the Brundtland Commission‟s notion of sustainability (WCED 1987). We relate this notion of responsibility to … welfare maximization, and Brundtland-sustainability. Using a two-generationsresource- model, we find the following …
Persistent link: https://www.econbiz.de/10009511254
We survey the emerging research area of sustainability economics through a quantitative full-text analysis of peer … sustainability economics for a keyword-based identification strategy: a combined focus on (a) the human-nature relationship, (b) the … long-term uncertain future, (c) normative orientation towards sustainability, and (d) economic analysis. Our analysis of a …
Persistent link: https://www.econbiz.de/10012846078
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
-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
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
-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
While economists have been contributing to the discussion of various aspects of sustainability for decades, it is just … recently that the term “sustainability economics” was used explicitly in the ecological, environmental, and resource economics … community. Yet, the contributions that use the term “sustainability economics” do not refer to any explicit definition of the …
Persistent link: https://www.econbiz.de/10008617002
While economists have been contributing to the discussion of various aspects of sustainability for decades, it is just … recently that the term sustainability economics was used explicitly in the ecological, environmental, and resource economics … community. Yet, the contributions that use the term sustainability economics do not refer to any explicit definition of the term …
Persistent link: https://www.econbiz.de/10010265935