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I develop a quantitative measure of a manager's responsibility for a regime shift in a managed ecosystem with stochastic dynamics. I build on the well-established concept of responsibility, which I operationalize in a simple generic model. Causal responsibility is the degree of causation of an...
Persistent link: https://www.econbiz.de/10013242292
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Most ecosystem services, which are essential for human well-being, are globally declining, while the production of consumption goods, measured by GDP, is still growing. To adequately account for this opposite development in public cost-benefit analyses, it has been proposed – based on a...
Persistent link: https://www.econbiz.de/10013063168
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Resilience as a descriptive concept gives insight into the dynamic properties of a system. Sustainability as a normative concept captures basic ideas of inter- and intragenerational justice. In this paper we specify the relationship between resilience and sustainable development. Based on an...
Persistent link: https://www.econbiz.de/10003921511
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Studying the sustainable use of ecosystem services under uncertainty requires the consideration of the stochastic dynamics of the system under study, risk and time preferences, risk management strategies and normative views pertaining to sustainability. To gather this information for an...
Persistent link: https://www.econbiz.de/10003879608
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environment. This acts as a dynamic driving force for the economy. Our analysis shows that along the optimal time path (i) the … environmental policies in a multi-pollution economy. We suggest a system of dynamic Pigouvian emission taxes, each of which should …
Persistent link: https://www.econbiz.de/10003824454
environment. This acts as a dynamic driving force for the economy. Our analysis shows that along the optimal time-path (i) the … of environmental policies.- Ökonomie <Begriff> , Ökologie , Emission , Wertpapieremission, dynamic economy-environment … interaction , multi-pollutant emissions , non-monotonic control , optimal scale , stock pollution …
Persistent link: https://www.econbiz.de/10003496922