Models of Sustainable DevelopmentSylvie Faucheux, David Pearce, David William Pearce, John L. R. Proops A rigorous approach to environmental sustainability suitable for researchers and graduate students in environmental economics. Surveys a wide range of approaches to modeling sustainable development, including neo-classical, evolutionary, ecological economics, and neo-Ricardian. Examines how they deal with such fundamental issues as equity between and within generations, the very long term, the irreversibility of ecological change, uncertainty and system complexity, and processes of technological change. Annotation copyright by Book News, Inc., Portland, OR |
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Page 51
... allocation in resource reproduction . The last comparative static result implies also that the propensity to save nature decreases with a relatively high rate of discount , or low rate of risk - aversion . The time - path of the volume ...
... allocation in resource reproduction . The last comparative static result implies also that the propensity to save nature decreases with a relatively high rate of discount , or low rate of risk - aversion . The time - path of the volume ...
Page 52
... allocation of labour and the natural resource can be derived from equation ( 3.14 ) . 1 - λ ( 3.27 ) 1-0 w " = 2 m Ye R This real wage rate decreases with the propensity to save the renewable resource , decreases with the labour allocation ...
... allocation of labour and the natural resource can be derived from equation ( 3.14 ) . 1 - λ ( 3.27 ) 1-0 w " = 2 m Ye R This real wage rate decreases with the propensity to save the renewable resource , decreases with the labour allocation ...
Page 63
... allocation of resources which would correspond to a situation of perfect symmetry amongst generations . This ' far - sighted ' allocation can be thought of as the target of a benevolent social planner , in whose objective function the ...
... allocation of resources which would correspond to a situation of perfect symmetry amongst generations . This ' far - sighted ' allocation can be thought of as the target of a benevolent social planner , in whose objective function the ...
Contents
Introduction | 1 |
Sustainability versus | 25 |
A Renewable Natural Resource Reproduction Competitive | 37 |
Copyright | |
14 other sections not shown
Common terms and phrases
allocation analysis approach assumptions behaviour Cambridge CGE models characterised circuit clean technologies climate change CO₂ concept constraint consumer consumption Costanza costs DeBellevue defined depends dynamics Ecological Economics economic growth economic model economic system Economic Theory ecosystem effects emissions endogenous growth endogenous growth theories energy technologies environment Environmental Economics equation equilibrium evolutionary exhaustible resources existence exogenous factors firms flow framework future greenhouse greenhouse gas growth models growth rate impact income increase innovation inputs interactions intergenerational equity intertemporal labour land-use learning-by-doing Liapunov function matrix N₁ natural capital natural environment neo-Ricardian neoclassical optimal organisational output overlapping generations model parameter path Patuxent Pearce period pollution possible problem produced capital production function production process regime resilience resource industry resource rent sector simulation social Solow spatial stability steady-state strategy structure substitution sustainable development technical change technical progress technique technological change trajectory University Press variables