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 25
... optimal capital stock . This is because the capital stock rises monotonically along the optimal path , and only achieves the steady state asymptotically . ' This result is ultimately a function of physical capital's assumed reproduc ...
... optimal capital stock . This is because the capital stock rises monotonically along the optimal path , and only achieves the steady state asymptotically . ' This result is ultimately a function of physical capital's assumed reproduc ...
Page 355
... optimal strategies will be denoted by S. 18.10 OPTIMAL STRATEGIES IN A STATIONARY STATE Since we concentrate upon stationary states , we should have a closer look at the landowners ' optimal strategies in a stationary state . We may ...
... optimal strategies will be denoted by S. 18.10 OPTIMAL STRATEGIES IN A STATIONARY STATE Since we concentrate upon stationary states , we should have a closer look at the landowners ' optimal strategies in a stationary state . We may ...
Page 356
... optimal strategies is finite . This is so because the theorem only leaves room for two types of optimal strategies . Translated in graph - theoretical terms , the optimal strategy must either be an infinitely repeated elementary circuit ...
... optimal strategies is finite . This is so because the theorem only leaves room for two types of optimal strategies . Translated in graph - theoretical terms , the optimal strategy must either be an infinitely repeated elementary circuit ...
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