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The 2030 Agenda for Sustainable Development that includes a set of 17 Sustainable Development Goals (SDG) with 169 specific targets could be a step forward in achieving efficient governance and policies for global sustainable development. An essential element will be the global indicator...
Persistent link: https://www.econbiz.de/10011410586
We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory … shows that both intra- and intertemporal inequality affect the social value of public natural capital. The direction and … the value of the public good increases (decreases) with intratemporal income inequality in the case of complements …
Persistent link: https://www.econbiz.de/10012387514
way of generic modeling in this context. Finally, we illustrate the CML-approach and demonstrate its fruitfulness by the …
Persistent link: https://www.econbiz.de/10010469523
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
We clarify the definition and interpretation of “sustainability economics” (Baumgärtner and Quaas 2010) in response to recent comments by van den Bergh (2010), Bartelmus (2010) and others. For that sake, we distinguish between general and specific definitions of sustainability and...
Persistent link: https://www.econbiz.de/10003962282
Persistent link: https://www.econbiz.de/10009548274
We empirically study personal norms of sustainability, conceptualized according to the norm-activation theory and operationalized under the notion of strong ecological-economic sustainability, for commercial cattle farmers in semi-arid rangelands of Namibia, a system that is subject to extensive...
Persistent link: https://www.econbiz.de/10009259859
We analyze a dynamic and stochastic ecological-economic model of grazing management in semi-arid rangelands. The non-equilibrium ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty such as to maximize expected utility from...
Persistent link: https://www.econbiz.de/10010467001
Commercial cattle farming in Namibia, a prime example of livestock farming in semi-arid rangelands, is subject to a variety of risks, predominant among which is precipitation risk. At the same time it suffers from rangeland degradation that is at least partly due to inadequate management. We...
Persistent link: https://www.econbiz.de/10009583163
Strong sustainability, according to the common definition, requires that different natural and economic capital stocks 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...
Persistent link: https://www.econbiz.de/10003655190