Growing concerns over climate change and the potential for large damages due to nonlinear processes underscore the need for a meaningful sustainability assessment of an economy. Economists have developed rigorous approaches to conceptualizing sustainability based on the paradigm of weak...

The leading discourse about luck egalitarianism has been informed by the distinction between equality of welfare and equality of resources. This paper attempts to illuminate its significance by focusing on the status of individual preferences (in particular, preferences which are particularly...

We use a North-South model with property right differences and resource dynamics to study the effects of trade on resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile, and the result is reversed when the environment is...

We use a North-South model with property right differences and resource dynamics to study the effects of trade on resource use and welfare. Autarky is likely to Pareto-dominate free trade in the long run when the environment is quite fragile, and the result is reversed when the environment is...