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We investigate environmental aspects of agriculture from a welfare economic perspective and show that both positive and negative effects exhibit the character of undepletable externalities. To internalise these externalities while taking equity concerns into account, we propose compensation of...
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Sustainable development is both a global and local challenge to managing change. It requires integrating social, ecological and economic objectives and system requirements that are generally expressed in terms of maintaining some suitably defined aggregates of social, ecological and economic...
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