This paper is concerned with the choice of metrics for social cost-benefit analysis and dynamic welfare comparisons. In a utility-theoretic framework, we show that there is always a money measure that can serve as a substitute for the maximized utility wealth. Thus, under the non-arbitrage...

A methodology for estimating total hicksian income in multiple-use forests is presented. The approach consistently incorporates commercial as well as non-commercial economic values and enables the measurement of national accounting aggregates taking into account variation in man-made and natural...

When green national accounts are calculated, environmental damage will have a negative impact on economic growth figures and therefore countries will be more likely to take potential damage into account when planning their growth path. Using China as an example, the following illustration will...

Um den derzeitigen Pro-Kopf-Verbrauch an Fischprodukten beizubehalten, müsste die jährliche Fischproduktion bis 2030 um 40 Mill. Tonnen anwachsen. Eine solche Ausweitung lässt sich mit konventionellem Fischfang kaum erreichen. Denn neben der Überfischung stellt der Klimawandel eine...

Die Rubrik »Kurz zum Klima« erscheint nun bereits seit drei Jahren mit nahezu 60 Ausgaben. Dieser Beitrag greift drei Themen aus den Bereichen Energie-, Klima- und Umweltpolitik – das Reserven-Produktions-Verhältnis, die weltweite CO2-Reduktion und das Problem der Überfischung – erneut...

This paper is intended to revisit the question of rational fisheries exploitation raised by Gordon in his celebrated 1954 article in the Journal of Political Economy, that has served as the starting point for the development of the fisheries economics sub-discipline.