We study the environmental and economic effects of public abatement in the presence of multiple stable steady-state ecological equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a good and a bad one. Assuming that the ecology is...

Cap-and-trade systems have emerged as the preferred national and regional instrument for reducing emissions of greenhouse gases throughout the industrialized world, and the Clean Development Mechanism' an international emission-reduction-credit system' has developed a substantial constituency,...

How was the birth of "Environmental Economics" related to the first Earth Day fifty years ago (April 22, 1970)? This short note introduces some ideas about an amazing burst of intellectual activity from 1968 to 1974. Environmental economics was not a field of economics before this brief period,...

We investigate renewable resources when the harvesting agents face self-control problems. Individuals are conceptualized as dual selves. The rational long-run self plans for the infinite future while the affective short-run self desires to maximize instantaneous profits. Depending on the degree...

Aim: The temptation to provide simple answers to complex problems exists for politicians and scientists alike. This essay attempts to briefly outline the complexity of present day problems at global level, taking as a starting point the question "how quick will the EU collapse?" Design /...

Resilience is the ability of an entity to manage a destabilizing shock or rise in pressure. The recently published State Resilience Index (SRI) includes ecological resilience along with several other "pillars" of state resilience. Given that indicators of subjective well-being (SWB) are...

Quantifying factors giving rise to temporal variation in forest fires is important for advancing scientific understanding and improving fire prevention. We demonstrate that eighty percent of the large year-to-year variation in forest area burned in California can be accounted for by variation in...

Eine bessere Vernetzung der europäischen Strommärkte zu erreichen ist ein wichtiges aktuelles Ziel der Energiepolitik, hauptsächlich motiviert durch den starken Ausbau erneuerbarer Energien. Vor diesem Hintergrund blickt dieser Beitrag in der »Kurzzum- Klima«-Reihe auf aktuelle...

Die Neuorientierung in Richtung auf ökologische Nachhaltigkeit stellt die Unternehmen vor große Herausforderungen. Verlangt wird von den Unternehmen, ihr ökonomisches Streben nach Gewinnmaximierung mit ökologischen Zielen zu vereinbaren, was dauerhaft nur gelingt, wenn sie ihre...