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We present a new class of dynamic bargaining problems, called "bargaining problems with intertemporal maximin payoffs …," that may reflect sustainability problems having to encompass conflicting issues in the long-run. Each bargainer (or stake … over time. Bargaining on sustainability issues consists in defining the vector of stake-holder's payoffs. We are interested …
Persistent link: https://www.econbiz.de/10008865900
determine the feasibility conditions under which a fishery manager can achieve sustainability objectives which simultaneously … the maximin effort for a given set of agents and we derive the maximal number of active agents for a given guaranteed …
Persistent link: https://www.econbiz.de/10008801002
Let there be a positive (exogenous) probability that, at each date, the human species will disappear. We postulate an Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various social welfare criteria entail alternative von...
Persistent link: https://www.econbiz.de/10008555419
The need to absorb windfalls gains and manage them appropriately has been discussed extensively by academics and policy makers alike. We explore the role of the financial sector in intermediating these windfalls. Controlling for the level of financial development, inflation, GDP growth and...
Persistent link: https://www.econbiz.de/10011615929
The need to absorb windfalls gains and manage them appropriately has been discussed extensively by academics and policy makers alike. We explore the role of the financial sector in intermediating these windfalls. Controlling for the level of financial development, inflation, GDP growth and...
Persistent link: https://www.econbiz.de/10011662525
Wachstum und sektoraler Wandel allein haben in näherer Zukunft wahrscheinlich keinen dämpfenden Effekt auf die globalen Treibhausgasemissionen. Die vorliegende Untersuchung zeigt, dass Carbon Leakage ein Phänomen ist, welches auch im Kontext der Umwelt-Kuznets-Kurve relevant ist. Werden...
Persistent link: https://www.econbiz.de/10011886075
This doctoral thesis, organized in three self-contained chapters, provides an analysis of the economic effects associated with the extraction of natural resources and the transition from an economy based on fossil fuel use to an economy relying primarily on renewable energy sources. Chapter 1...
Persistent link: https://www.econbiz.de/10012291451
Do sovereign wealth funds (SWFs) contribute to Africa's development? This paper assesses the objectives of SWFs (fiscal stabilization, productive investment, intergenerational saving) and discusses alternatives. We argue that fiscal stabilization funds are often necessary, but entail...
Persistent link: https://www.econbiz.de/10014322650
quasi-arithmetic and the path is a maximin or a classical utilitarian optimum. Conversely, if a path is optimal according to … maximin or classical utilitarianism (with constant elasticity of marginal utility) under quasiarithmetic population growth …
Persistent link: https://www.econbiz.de/10010284420
This document studies the economic effect of windfall gains by examining a Peruvian natural experiment. The Camisea Fund for Socioeconomic Development (FOCAM) is an inter-governmental fiscal transfer scheme that allocates natural gas royalties generated by the Camisea Gas Project to eligible...
Persistent link: https://www.econbiz.de/10011535764