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When confronted with market weaknesses and failures determining sustainability problems for environmental common-pool resources, economic analysis has proposed government intervention as the only alternative available. Elinor Ostrom showed that this dichotomy between market and government is not...
Persistent link: https://www.econbiz.de/10013035114
Economists have expended considerable effort to develop economically meaningful definitions of the somewhat elusive concept of "sustainability." We relate such a definition of sustainability to well known concepts from neoclassical economics, in particular, potential Pareto improvements (in the...
Persistent link: https://www.econbiz.de/10014110754
Alluding to theories about relative economic status and behavior, this paper studies if relative income mobility, or the intergenerational change in income positions, affects interpersonal trust. Empirically, the question is brought down to an application with US General Social Survey data. For...
Persistent link: https://www.econbiz.de/10011431582
We analyse long-term consumption paths in a dynamic two-sector economy with overlapping generations. Each young generation saves for the retirement age, both with private savings and pension funds. The productivity of each sector can be raised by sector-specific research while the essential use...
Persistent link: https://www.econbiz.de/10002634021
We use an overlapping generations model to investigate the role of parental health investment and children's schooling on the aggregate level of human capital and inequality. In our model, parental longevity affects children's human capital since it impacts human capital transmission. When poor...
Persistent link: https://www.econbiz.de/10014343736
Biodiversity provides essential services to human societies. Many of these services are provided as public goods, so that they will typically be underprovided both by market mechanisms (because of the impossibility of excluding non-payers from using the services) and by government-run systems...
Persistent link: https://www.econbiz.de/10011335758
Research on risk communication relates basic risk perception studies to the formulation of policies, the currently evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk communication is a relatively new field based on a...
Persistent link: https://www.econbiz.de/10011608544
Research on risk communication relates basic risk perception studies to the formulation of policies, the currently evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk communication is a relatively new field based on a...
Persistent link: https://www.econbiz.de/10011608545
We examine whether the use of the environment, proxied by CO2 emissions, as a factor of production contributes, in … with environment as a factor of production which is unpaid in the absence of environmental policy is developed. Using data … environment as a not fully compensated factor of production. Our results point towards the need for developing a concept of Green …
Persistent link: https://www.econbiz.de/10010312301
Habitats and the ecosystem services they provide are part of the world's portfolio of natural capital assets. Like many components of this portfolio, it is difficult to assess the full economic value of these services, which tends to over-emphasize the value of extractive activities such as...
Persistent link: https://www.econbiz.de/10012753208