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Sustaining Welfare for Future Generations: A Review Note on the Capital Approach to the Measurement of Sustainable Development

Moe, Thorvald; Alfsen, Knut Halvor; Greaker, Mads - In: Challenges in Sustainability 1 (2013) 1, pp. 16-26

Measuring sustainable development based on analytical models of growth and development and modern methods of growth accounting is an economic approachâ€”often called the capital approach â€“ to establishing sustainable development indicators (SDIs). Ecological approaches may be...

Persistent link: https://www.econbiz.de/10011154563

The Pitfalls of Sustainability Policies: Insights into Plural Sustainabilities

Mancebo, François - In: Challenges in Sustainability 1 (2013) 1, pp. 29-40

A lot can be learned from the numerous pitfalls of sustainable development implementation: they outline how collective representation, short term interests and balance of power can undermine sustainability. For instance, the usefulness of global institutions in dealing with sustainable...

Persistent link: https://www.econbiz.de/10011154564

Empirical Revealed Preference

Crawford, Ian; Rock, Bram De - In: Annual Review of Economics 6 (2014) 1, pp. 503-524

This article aims to provide an introduction to empirical revealed preference (RP) and an overview of the current state of the field. We hope to give a sense of how RP methods work and the types of questions they can address and to assess the strengths and drawbacks of the approach. After...

Persistent link: https://www.econbiz.de/10011004691

A Simple Identification Strategy for Gary Becker's Time Allocation Model

De Rock, Bram; Cherchye, Laurens; Vermeulen, Frederic - European Centre for Advanced Research in Economics and … - 2015

The implementation of Gary Beckers (1965) time allocation model is ham-pered by the fact that values of the di¤erent time uses are usually not observed.In practice, one often assumes that the value of time is uniform across time usesby using market wages. This approach implies a fundamental...

Persistent link: https://www.econbiz.de/10011206278

Degrees of cooperation in household consumption models: a revealed preference analysis

CHERCHYE, Laurens; DEMUYNCK, Thomas; ROCK, Bram DE - Centrum voor Economische Studiën, Faculteit Economie … - 2009

We develop a revealed preference approach to analyze non-unitary consumption models with intrahousehold allocations … conditions of household consumption models with varying degrees of cooperation. Using these conditions, we show independence (or … consumption models that account for limited intrahousehold cooperation. …

Persistent link: https://www.econbiz.de/10008630054

Parting with "Blue Monday" – Preferences in Home Production and Consumer Responses to Innovations

Witt, Ulrich; Woersdorfer, Julia Sophie - Volkswirtschaft Abteilung, Fachbereich … - 2011

How can economic theory explain the reasons why consumers adopt innovations? Using the example of innovations in washing machines two approaches are compared. The first focuses in the manner of household production theory on changes in constraints without specifying preferences, leading to the...

Persistent link: https://www.econbiz.de/10009216765

The More Kids, The Less Momââ‚¬â„¢s Divvy : Impact of Childbirth on Intrahousehold Resource Allocation

Fujii, Tomoki; Isikawa, Ryuichiro - East Asian Bureau of Economic Research (EABER) - 2008

We investigate how childbirth affects intrahousehold resource allocation for married Japanese couples. We develop reduced-form and structural-form specifications from a unified theoretical framework. Under a weak set of assumptions, we can focus on private goods to track the changes in...

Persistent link: https://www.econbiz.de/10009363738

Price and Income Elasticities in LAC Countries: The Importance of Domestic Production.

Canelas, Carla; Gardes, François; Salazar, Silvia - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014

The inclusion of time in the household domestic production function allows to calculate full prices that are in turn used to estimate consistent monetary and time elasticities on micro cross-sectional data. This article provides elasticity estimates for different commodity groups in absence of...

Persistent link: https://www.econbiz.de/10010791272

Sustainability: A Path-breaking Idea, but Still Associated with Huge Challenges

Kropp, Juergen Peter - In: Challenges in Sustainability 1 (2013) 1, pp. 1-2

Sustainability science is a young discipline that started emerging in the late 20th century, although Hans Carl von Carlowitz had already introduced ideas about sustainable management of forests in the early 18th century. In recent times, the Club of Rome report in 1972 and the Brundtland report...

Persistent link: https://www.econbiz.de/10010700025

Sustainability Science: Progress Made and Directions Forward

Ness, Barry - In: Challenges in Sustainability 1 (2013) 1, pp. 27-28

I am honored to contribute an editorial for the inaugÂural issue of Challenges in Sustainability (CiS). It has provided the opportunity for me to take a step back and reflect on both the developmental progress in the field of sustainability science since its formal launch, now over twelve...

Persistent link: https://www.econbiz.de/10010700026