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Persistent link: https://www.econbiz.de/10014474447
Sustainability and efficiency are potentially conflicting social objectives in natural resource management. We propose … determines the maximal tenure length guaranteeing that the sustainability goal is obeyed for sure over the entire period. In …
Persistent link: https://www.econbiz.de/10011663635
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10003459197
Persistent link: https://www.econbiz.de/10011821757
Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our … approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human … substituting consumption for the quality of life. Our sustainability results carry over. As it should be expected, optimal …
Persistent link: https://www.econbiz.de/10009686597
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10011753120
and strong sustainability. It analyzes under which circumstances low as opposed to high between-good substitutability …
Persistent link: https://www.econbiz.de/10014169770
Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our … approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human … substituting consumption for the quality of life. Our sustainability results carry over. As it should be expected, optimal …
Persistent link: https://www.econbiz.de/10010575242
-regional resource allocation be regulated? These are normative questions: their answers depend upon the theory of distributive justice … held. We argue, with respect to the intergenerational question, for a theory of justice that is motivated by the concept of … sustainability. With respect to the inter-regional issue, we do not take a fundamentally normative approach, but rather a political …
Persistent link: https://www.econbiz.de/10010611339
Persistent link: https://www.econbiz.de/10003964798