Our interest is in the relationship between the environment and economic growth. Because various interest groups see this issue differently, the typical optimization approach based on representative agent is not suitable. This is mainly because assessing the relative weight between consumption...

The distinctive contribution of this book is the formulation of an integrated social, environmental, and economic framework for public policy. This contribution is realised through investigations and conclusions in the following four domains: a formal stylised model that provides a platform for...

This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We investigate the conditions under which the economy...