To explain the patterns of world trade of resources, this paper combines the biological dynamics of the renewable resource and game theoretical explanations of its extraction under different property regimes, with a general equilibrium model of North South trade (Chichilnisky, 1981, 1986). The...

We study the aggregation of preferences when intensities are taken into account: the aggregation of cardinal preferences, and also of von Neumann-Morgenstern utilities for choices under uncertainty. We show that with a finite number of choices there exist no continuous anonymous aggregation...

90 Classical problems in economics are concerned with the solutions of several simultaneous nonlinear optimization problems, one for each consumer or producer, all facing constraints posed by the scarcity of resources. Often their interests conflict, and it is generally impossible to find a...

Major pharmaceutical companies such as Smith Kline Beecham, Merck, Glaxo and Lilly, and a score of smaller ones, are developing profitable business opportunities in the world's forest while preserving biodiversity and producing incentives for leaving the forests intact. This case study covers...

Social choice theory is concerned with providing a rationale for social decisions when individuals have diverse opinions. Voting is an obvious way in which societies aggregate individual preferences to obtain social ones. The procedure of voting registers individual comparisons between...

The problem of endowing preferences with manifold structures emerged from discussions with Gerard Debreu in 1975 . Time has shown that such structures can be useful in understanding the behavior of economic systems . In Chichilnisky (1976) spaces of smooth preferences were endowed with a Hilbert...

This paper analyses both the basic assumptions and the results of the better known and widely used global models - specifically, the UN world model, the RIO (Reshaping the International Order) model and the Bariloche model - in relation to basic needs and to North-South interdependence. The...

The theory of social choice introduced in [5,6] is robust; it is completely independent of the choice of topology on spaces of preference. This theory has been fruitful in linking diverse forms of resource allocation; it has been shown [17] that contractibility is necessary and sufficient for...

This article re-examines the relationship between economic growth of the North and that of the South. It considers the implications of this relationship for two major issues within the current North-South debate: basic needs and exhaustible resources. The connections between international trade...

In international circles, the concern of the day is the state of the world economy. There is a general appreciation of the severity of the problem, but no widespread agreement about either diagnosis or solutions. We shall focus here on a particular set of topics that have emerged as major issues...