Economics, Energy and Environment

Sustainability

Dynamics and Uncertainty

Editors: Chichilnisky, Graciela, Heal, Geoffrey, Vercelli, Alessandro (Eds.)

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About this book

of ecological (also biological) variables b which interact in their dynamic t evolution: det dbt dt = f (et, bt)' dt = 9 (et, bt)· Among the solution paths to this interaction between economic and ecologi­ cal variables, we look for those which are sustainable. Sustainable paths are typically those along which the values of certain key stocks are always pos­ itive, these key stocks being important environmental resources. The types of paths on which certain variables can be positive forever include station­ ary solutions with appropriate positivity conditions, or limit cycles or chaotic attractors satisfying the same positivity conditions. These paths, and the paths which approach them, constitute the set of sustainable paths. From amongst these we have to choose one or more which are in some sense the best. Note that rather than imposing positivity of certain stocks in the long run as a condition for sustainability, we would prefer to derive this as a characteristic of optimal solutions from more fundamental judgements about the valuation of stocks and flows: this is the route pursued by the papers in this volume. The introductory paper by Heal in Section I reviews these matters in gen­ eral terms, not going into technical details: it discusses the precedents for a concept of sustainability in welfare economics, and reviews alternative opti­ mality concepts and their connection to sustainability.

Reviews

`Overall, this is an important volume. ... a fascinating collection of essays which have strong and coherent themes running through them. The whole volume is to be highly recommended.'
Journal of Economics, 68:2 (1998)

Table of contents (16 chapters)

  • Interpreting Sustainability

    Heal, Geoffrey

    Pages 3-22

  • Global Environmental Risks

    Chichilnisky, Graciela (et al.)

    Pages 23-46

  • Sustainable Use of Renewable Resources

    Beltratti, Andrea (et al.)

    Pages 49-76

  • North-South Trade and the Dynamics of the Environment

    Abraham, Ralph (et al.)

    Pages 77-107

  • Trade, Migration, and Environment: A General Equilibrium Analysis

    Chichilnisky, Graciela (et al.)

    Pages 109-127

Buy this book

eBook $74.99
price for USA (gross)
  • ISBN 978-94-011-4892-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $99.00
price for USA
  • ISBN 978-94-010-6051-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Sustainability
Book Subtitle
Dynamics and Uncertainty
Editors
  • Graciela Chichilnisky
  • Geoffrey Heal
  • Alessandro Vercelli
Series Title
Economics, Energy and Environment
Series Volume
9
Copyright
1998
Publisher
Springer Netherlands
Copyright Holder
Springer Science+Business Media Dordrecht
eBook ISBN
978-94-011-4892-4
DOI
10.1007/978-94-011-4892-4
Softcover ISBN
978-94-010-6051-6
Edition Number
1
Number of Pages
XVI, 335
Topics