We reformulate the Verhulst-Lotka-Volterra model of natural resource extraction under the alternative assumptions of Cournot behaviour and perfect competition, to revisit the tragedy of commons vs the possibility of sustainable harvesting. We stress the different impact of demand elasticity on...

A situation is analyzed in which two countries negotiate the financing of costs that accrue if one of them switches onto a sustainable development path. The other country's incentive to pay arises as it benefits from the developing country's environmental resources, but at an ever declining rate...

Sustainability is a fundamental concept in the environmental domain, but also in other domains such as financial matters or regarding personal health. Sustainability means using resources today in a way that does not compromise the availability of resources tomorrow. In this paper, we propose...