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Ecological-economic viability as a criterion of strong sustainability under uncertainty

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  • Stefan Baumgärtner

    ()
    (Centre for Sustainability, Leuphana University of Lüneburg)

  • Martin F. Quaas

    ()
    (Department of Ecological Modelling, UFZ-Centre for Environmental Research Leipzig-Halle)

Abstract

Strong sustainability, according to the common definition, requires that different natural and economic capital stocks have to be maintained as physical quantities separately. Yet, in a world of uncertainty this cannot be guaranteed. To therefore define strong sustainability under uncertainty in an operational manner, we propose to use the concept of viability. Viability means that the di erent components and functions of a dynamic, stochastic system at any time remain in a domain where the future existence of these components and functions is guaranteed with suciently high probability. We develop a unifying and general ecological-economic concept of viability that encompasses the traditional ecological and economic notions of viability as special cases. It provides an operational criterion of strong sustainability under conditions of uncertainty. We illustrate this concept and demonstrate its usefulness by applying it to livestock grazing management in semi-arid rangelands.

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Bibliographic Info

Paper provided by University of Lüneburg, Institute of Economics in its series Working Paper Series in Economics with number 67.

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Length: 44 pages
Date of creation: Nov 2007
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Handle: RePEc:lue:wpaper:67

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Web page: http://leuphana.de/institute/ivwl.html

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Keywords: capital (natural and economic); ecological-economic systems; ecosystem services; funds; stocks; sustainability; uncertainty; viability;

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References

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Citations

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Cited by:
  1. Müller, Birgit & Quaas, Martin F. & Frank, Karin & Baumgärtner, Stefan, 2011. "Pitfalls and potential of institutional change: Rain-index insurance and the sustainability of rangeland management," Ecological Economics, Elsevier, Elsevier, vol. 70(11), pages 2137-2144, September.
  2. Doyen, L. & Martinet, V., 2012. "Maximin, viability and sustainability," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 36(9), pages 1414-1430.
  3. Lo, Alex, 2014. "The Problem of Methodological Pluralism in Ecological Economics," MPRA Paper 49543, University Library of Munich, Germany.
  4. Martinet, Vincent, 2011. "A characterization of sustainability with indicators," Journal of Environmental Economics and Management, Elsevier, vol. 61(2), pages 183-197, March.
  5. Stefan Baumgärtner & Christian Becker & Karin Frank & Birgit Müller & Martin F. Quaas, 2008. "Relating the Philosophy and Practice of Ecological Economics. The Role of Concepts, Models, and Case Studies in Inter- and Transdisciplinary Sustainability Research," Working Paper Series in Economics, University of Lüneburg, Institute of Economics 75, University of Lüneburg, Institute of Economics.
  6. Mouysset, L. & Doyen, L. & Jiguet, F. & Allaire, G. & Leger, F., 2011. "Bio economic modeling for a sustainable management of biodiversity in agricultural lands," Ecological Economics, Elsevier, Elsevier, vol. 70(4), pages 617-626, February.
  7. Luc DOYEN (CNRS - CERSP) & Jean-Christophe PEREAU (GREThA UMR CNRS 5113), 2009. "Sustainable coalitions in the commons," Cahiers du GREThA, Groupe de Recherche en Economie Théorique et Appliquée 2009-15, Groupe de Recherche en Economie Théorique et Appliquée.
  8. Domptail, Stéphanie & Nuppenau, Ernst-August, 2010. "The role of uncertainty and expectations in modeling (range)land use strategies: An application of dynamic optimization modeling with recursion," Ecological Economics, Elsevier, Elsevier, vol. 69(12), pages 2475-2485, October.
  9. Roland Olbrich & Martin F. Quaas & Stefan Baumgaertner, 2012. "Characterizing commercial cattle farms in Namibia: risk, management and sustainability," Working Paper Series in Economics, University of Lüneburg, Institute of Economics 248, University of Lüneburg, Institute of Economics.
  10. Roland Olbrich & Martin F. Quaas & Stefan Baumgaertner, 2011. "Personal norms of sustainability and their impact on management – The case of rangeland management in semi-arid regions," Working Paper Series in Economics, University of Lüneburg, Institute of Economics 209, University of Lüneburg, Institute of Economics.
  11. Sylvie FERRARI (GREThA, CNRS, UMR 5113) & Sébastien LAVAUD (GREThA, CNRS, UMR 5113) & Jean-Christophe PEREAU (GREThA, CNRS, UMR 5113), 2012. "Critical natural capital, ecological resilience and sustainable wetland management: a French case study," Cahiers du GREThA, Groupe de Recherche en Economie Théorique et Appliquée 2012-08, Groupe de Recherche en Economie Théorique et Appliquée.
  12. Michel De Lara & Vincent Martinet & Luc Doyen, 2010. "Risk and Sustainability: Is Viability that far from Optimality?," Working Papers, INRA, Economie Publique 2010/02, INRA, Economie Publique.
  13. Roland Olbrich & Martin F. Quaas & Stefan Baumgärtner, 2014. "Personal Norms of Sustainability and Farm Management Behavior," Sustainability, MDPI, Open Access Journal, vol. 6(8), pages 4990-5017, August.
  14. Vincent Martinet & Michel de Lara & Julio Peña & Héctor Ramirez, 2010. "Evaluation of Management Procedures: Application to Chilean Jack Mackerel Fishery," ILADES-Georgetown University Working Papers, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines inv255, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
  15. Derissen, Sandra & Quaas, Martin F. & Baumgärtner, Stefan, 2011. "The relationship between resilience and sustainability of ecological-economic systems," Ecological Economics, Elsevier, Elsevier, vol. 70(6), pages 1121-1128, April.
  16. A.A. Cisse & L. Doyen & F. Blanchard & J.C. Pereau, 2013. "Stochastic viability of the coastal fishery in French Guiana," Documents de Travail 2013-07, CEREGMIA, Université des Antilles et de la Guyane.
  17. Péreau, J.-C. & Doyen, L. & Little, L.R. & Thébaud, O., 2012. "The triple bottom line: Meeting ecological, economic and social goals with individual transferable quotas," Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 419-434.

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