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Intertemporal Distribution, Suffciency, and the Social Cost of Carbon

Hänsel, Martin C.; Quaas, Martin F. - In: Ecological Economics 146 (2018), pp. 520-535

We explore how the intertemporal distribution of well-being affects the social cost of carbon. In contrast to the literature that studies parameters of a particular social welfare function, such as the discount rate, we shift the focus and directly assume a parametric form for the intertemporal...

Persistent link: https://www.econbiz.de/10012502183

Complementarity, impatience, and the resilience of natural-dependent economies

Quaas, Martin F.; Soest, Daniël Pieter van; … - 2011

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

Ecological-economic viability as a criterion of strong sustainability under uncertainty

Baumgärtner, Stefan; Quaas, Martin F. - 2007

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

Subsistence and substitutability in consumer preferences

Baumgärtner, Stefan; Drupp, Moritz A.; Quaas, Martin F. - 2013

We propose a formal description of individual preferences that captures a subsistence requirement in consumption in an otherwise standard constant-elasticity-ofsubstitution (CES) utility specification. We study how substitutability between the subsistence good and another good depends on the...

Persistent link: https://www.econbiz.de/10010333508

Ecological-economic viability as a criterion of strong sustainability under uncertainty

Baumgärtner, Stefan; Quaas, Martin F. - 2007

Persistent link: https://www.econbiz.de/10010265172

Institutions and preferences determine resilience of ecological-economic systems

Quaas, Martin F.; Baumgärtner, Stefan; Derissen, Sandra; … - 2008

We perform a model analysis to study the origins of limited resilience in ecological-economic systems. We demonstrate that the resilience properties of the ecosystem are essentially determined by the management institutions and consumers' preferences for ecosystem services. In particular, we...

Persistent link: https://www.econbiz.de/10010265202