Economic analysis addresses risk and long-term issues with discounted expected utility, focusing on optimality. Viability theory is rooted on satisfying sustainability constraints over time, focusing on feasibility.We build a bridge between these two approaches by establishing that viability is...

Economic analysis addresses risk and long-term issues with discounted expected utility, focusing on optimality. Viability theory is based on sustainability constraints to be satisfied over time, focusing on feasibility. We make a bridge between these two approaches by showing that viability is...

The small-scale fishery sector in many Pacific islands is facing increasing challenges in relation to resource availability, economic opportunity, demographic and social pressure. In particular, intensifying cash-oriented livelihood strategies can exacerbate existing vulnerabilities and threaten...