In this paper, we elaborate on an idea initially developed by Weitzman (1998) that justifies taking the lowest possible discount rate for far-distant future cash flows. His argument relies on the arbitrary assumption that when the future rate of return of capital (RRC) is uncertain, one should...

Equal treatment for the present and the future was required in two axioms introduced in the articles by Chichilnisky of the years 1996 and 1997. These articles provide a characterization of the decision criterion that satisfies the axioms and shows that the two axioms are equivalent to physical...

Dieser Artikel basiert auf einem Blog-Beitrag für Data & Policy, einem Open-AccessJournal, das Forschungsergebnisse, Fallstudien und Diskussionen über die Auswirkungen von Data Science auf Politik und Führung veröffentlicht. Er nimmt die derzeitige Corona-Pandemie zum Anlass, wichtige Fragen...

In diesem Beitrag wird die Repräsentativität der deutschen Biosphärenreservate diskutiert. Die Nachhaltigkeitsziele der Vereinten Nationen dienen dafür als theoriegeleiteter Analyserahmen. Deutschland erreicht derzeit einen Anteil von rund 16 Prozent der Landfläche, die unter striktem...

The certification of Malaga and Ronda wine route, within the model of certified wine routes in Spain, has given a new boost to wine tourism in Malaga. The study focuses on La Axarquía, located on the Eastern Costa del Sol in Southern Spain, which has been a reference point in the wine business...

Although there is a rationale for a more conservative management of the remaining tropical forests, policy-makers in the tropical countries tend to be reluctant to implement appropriate policy measures, because they fear the short-run economic costs of environmental protection. Taking Indonesia...

To promote biodiversity, a diverse landscape is necessary. Structural change in agriculture and increasing cost pressure have led to the trend of fewer farms and larger farming units with less diversity. Reversing this trend is a societal task that requires a willingness to make sacrifices. For...

Few policies have been as heavily criticised as European agricultural policy. Consequently, since its establishment in 1962, it has been in a continuous process of reform, encompassing six major reforms in the last 30 years alone. The central question arises: What is the logic behind the endless...