We show that in poor resource-based communities, the socio-psychological preference for employment, which arises from a strong desire to follow the communal norm of sharing in harvesting efforts, can lead to the optimality of full-employment harvesting until resource extinction. We show that...

"Preface Earth is our home, and it is in crisis. There are two sides to this crisis--our economy on the one hand, and its effect on the ecology of our home planet on the other. Our economy, the human-constructed part of our home, represents the collection of manufactured artifacts, institutions,...

Environmental problems and their local, national, and global solutions have taken on ever-increasing importance in today's world. Economic analysis of environmental problems is essential, but economic perspectives must be complemented with an understanding of the principles of ecological...