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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
Sustainability and efficiency are potentially conflicting social objectives in natural resource management. We propose … determines the maximal tenure length guaranteeing that the sustainability goal is obeyed for sure over the entire period. In …
Persistent link: https://www.econbiz.de/10011663635
sustainability by examining structural farm patterns with a cluster analysis. Our data comes from a large-scale survey across the … identified clusters is characterized by high sustainability and low financial risk management, and that it does not differ from … and sustainability, and thus supports theoretical insights …
Persistent link: https://www.econbiz.de/10014166060
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
We analyze a dynamic and stochastic ecological-economic model of grazing management in semi-arid rangelands. The ecosystem is driven by stochastic precipitation. A risk averse farmer chooses a grazing management strategy under uncertainty such as to maximize expected utility from farming income....
Persistent link: https://www.econbiz.de/10012767397
. Sustainability as a normative concept captures basic ideas of intergenerational justice when human well-being depends on natural … capital and services. Thus, resilience and sustainability are independent concepts. In this paper, we discuss the relationship … between resilience and sustainability of ecological-economic systems. We use a simple dynamic model where two natural capital …
Persistent link: https://www.econbiz.de/10014203180
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
We analyze a dynamic and stochastic ecological-economic model of grazing management in semi-arid range lands. 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...
Persistent link: https://www.econbiz.de/10003246066
Population growth is often viewed as a most oppressive global problem with respect to environmental deterioration. In this paper, we investigate the optimal development of a coupled system comprising population, economy, and the natural environment as subsystems. In our formal dynamic model...
Persistent link: https://www.econbiz.de/10003245457
Persistent link: https://www.econbiz.de/10011760205