This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We investigate the conditions under which the economy...

This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We investigate the conditions under which the economy...

Asia has truly experienced spectacular economic growth over the past 15 years. However, this economic progress has come at a high cost. It has led to unprecedented environmental consequences. Ecological footprint shows that, despite the fact that one-fifth of the population in Asia still lives...

Introduction -- I Sustainability Economics and Resources -- II International Analysis -- III Rebound Effects in Economics -- IV Modelling the Use of Resources in Economies -- V Outlook on Sustainable Resource Management