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Various complex dynamics in ecologic-economic systems are presented with an emphasis upon models of global warming and fishery dynamics. Chaotic and catastrophic dynamic patterns are shown to be possible, along with amplified oscillations due to these non-linear interactions in the combined...
Persistent link: https://www.econbiz.de/10014122001
This paper reviews fundamental concepts in environmental economics and explores theoretical results regarding the choice of the key policy instruments for the control of externalities: taxes, subsidies and marketable permits. The paper explains why today market mechanisms are increasingly being...
Persistent link: https://www.econbiz.de/10012757864
Complexity theory has been highly influential within environmental studies circles, including among environmental legal … desired objectives. Far less attention has been paid to the application of complexity theory to the policy process itself …. This article addresses this gap by looking at what complexity theory adds to the study of environmental policymaking. To do …
Persistent link: https://www.econbiz.de/10014130060
Production of commodities based on open-access renewable natural resources (NR) has usually been examined under "low" congestion (LC) – where MC AC and both increase with output. I identify two additional congestion categories, "high" (HC) and "super" (SC) congestion – where AC is...
Persistent link: https://www.econbiz.de/10012823865
Production of commodities based on open-access renewable natural resources (NR) has usually been examined under "low" congestion (LC) - where MC AC and both increase with output. I identify two additional congestion categories, "high" (HC) and "super" (SC) congestion - where AC is...
Persistent link: https://www.econbiz.de/10012286195
Analysis of open-access common-property natural resource (NR) has occurred under "low" congestion (LC) - where 𝐴𝐶 and 𝑀𝐶 increase with output 𝑄 - and has for the most part ignored the more important congestion categories where 𝐴𝐶 (𝑀𝐶) is backward-bending (negative) and...
Persistent link: https://www.econbiz.de/10012129749
Numerous developing economies depend vitally on renewable natural-resource (NR)-based commodities. This study develops a general equilibrium model to examine the steady-state impact of changes in a small economy's NR congestion under open access and optimal regulation. This issue has often been...
Persistent link: https://www.econbiz.de/10012509173
Many developing countries depend crucially on open-access renewable natural resources (NR). Trade is generally viewed as hurting the long-term health of NR in commodity-exporting countries. I examine whether trade might be beneficial in the case of population growth. Dynamic general equilibrium...
Persistent link: https://www.econbiz.de/10015044989
Many developing countries depend crucially on open-access renewable natural resources (NR). Trade is generally viewed as hurting the long-term health of NR in commodity-exporting countries. I examine whether trade might be beneficial in the case of population growth. Dynamic general equilibrium...
Persistent link: https://www.econbiz.de/10015066368
We uncover a hidden illegal fishing practice: the use of fishing nets with illegally small mesh size. The small mesh prevents nearly all fish of saleable size from escaping the net, but also traps a large number of fish which are too small to be sold on the market and are therefore discarded at...
Persistent link: https://www.econbiz.de/10013368988