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-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
-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
We develop a comprehensive multi-level approach to ecological economics (CML-approach) which integrates philosophical considerations on the foundations of ecological economics with an adequate operationalization. We argue that the subject matter and aims of ecological economics require a...
Persistent link: https://www.econbiz.de/10010469523
Persistent link: https://www.econbiz.de/10011760205
Persistent link: https://www.econbiz.de/10013453038
Persistent link: https://www.econbiz.de/10013444559
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
implications for substitutability and sustainability. Specifically, we generalize the standard constant …
Persistent link: https://www.econbiz.de/10013034524