Showing 1 - 10 of 18
While economists have been contributing to the discussion of various aspects of sustainability for decades, it is just recently that the term "sustainability economics" was used explicitly in the ecological, environmental, and resource economics community. Yet, the contributions that use the...
Persistent link: https://www.econbiz.de/10003879656
In Russland ergab sich mit der Einführung marktwirtschaftlicher Verhältnisse im Agrar- und Ernährungssektor im Zuge des gesamtwirtschaftlichen Transformationsprozesses für die Agrarhochschulen des Landes die Notwendigkeit das Lehrprogramm entsprechend umzustellen. Dazu gehörte die...
Persistent link: https://www.econbiz.de/10003906805
We clarify the definition and interpretation of “sustainability economics” (Baumgärtner and Quaas 2010) in response to recent comments by van den Bergh (2010), Bartelmus (2010) and others. For that sake, we distinguish between general and specific definitions of sustainability and...
Persistent link: https://www.econbiz.de/10003962282
Recent research regarding property rights and economic development often treats property rights security in a country as homogeneous, although protecting the private entitlements of some can entail preventing others from claiming and controlling those same resources. This one-dimensional...
Persistent link: https://www.econbiz.de/10009381922
We reformulate the Humean farmer game on the basis of random assignment of advantage and the cost e of helping in another’s harvest. The result is a game that is a coordination game if e < ½ or a dominant strategy Prisoner’s Dilemma Game if e > ½ which allows a joint treatment of the two interpretations of the Humean farmer game. We employ two...</½>
Persistent link: https://www.econbiz.de/10011390551
The fundamental problem of external validity is not to generalize from one experiment, so much as to experimentally test generalizable theories. That is, theories that explain the systematic variation of causal effects across contexts. Here we show how the graphical language of causal diagrams...
Persistent link: https://www.econbiz.de/10009789052
Positive and negative feelings were central to the development of economics, especially in utility theory in classical economics. While neoclassical utility theory ignored feelings, behavioral economics more recently reintroduced feelings in utility theory. Beyond feelings, economic theorists...
Persistent link: https://www.econbiz.de/10011543809
Chinese "aid" is a lightning rod for criticism. Policymakers, journalists, and public intellectuals claim that Beijing is using its largesse to cement alliances with political leaders, secure access to natural resources, and create exclusive commercial opportunities for Chinese firms-all at the...
Persistent link: https://www.econbiz.de/10011549352
Market economies and command economies have long been differentiated by the presence of alternative choice in the form of diversity. Yet most mainstream economic theory is premised on the existence of uniformity. This paper develops the implications of this contradiction for the theory of...
Persistent link: https://www.econbiz.de/10009583167
This paper addresses the limitations of Modern Money Theory (MMT) as a guide to development policy. We explore two central questions on this topic: whether MMT policies 1) ought to be implemented in low- and middle-income economies and 2) can be implemented. In relation to the first question, we...
Persistent link: https://www.econbiz.de/10012258397