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 39
... competitive rate of interest is paid for these loans until maturity . At retirement age they liquidate their firms . The ownership titles in the natural resource stock are sold in the market , and the revenues ... Competitive Equilibrium 39.
... competitive rate of interest is paid for these loans until maturity . At retirement age they liquidate their firms . The ownership titles in the natural resource stock are sold in the market , and the revenues ... Competitive Equilibrium 39.
Page 43
... COMPETITIVE EQUILIBRIUM AND COMPARATIVE STATICS In the next five sub - sections a specific intertemporal general equilibrium model is developed . Sub - section 3.3.1 gives descriptions of individual and aggregate consumption and savings ...
... COMPETITIVE EQUILIBRIUM AND COMPARATIVE STATICS In the next five sub - sections a specific intertemporal general equilibrium model is developed . Sub - section 3.3.1 gives descriptions of individual and aggregate consumption and savings ...
Page 49
... equilibrium General equilibrium implies simultaneous equilibrium in all markets , in this model four : consumption goods market , labour market , natural resource market and the market for loans . The ... Competitive Equilibrium 49.
... equilibrium General equilibrium implies simultaneous equilibrium in all markets , in this model four : consumption goods market , labour market , natural resource market and the market for loans . The ... Competitive Equilibrium 49.
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