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Sustainable use of renewable resources, Chapter 2.1

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Author Info

  • Chichilnisky, Graciela
  • Beltratti, Andrea
  • Heal, Geoffrey

Abstract

We consider here optimal use patterns for renewable resources and address the problem of optimal use of renewable resources under a variety of assumptions both about the nature of the economy in which these resources are embedded and about the objective of that economy. Although we focus here on the technical economic issues of defining and characterizing paths which are optimal in various senses, in the presence of renewable resources, one should not loose sight of the very real motivation underlying these exercises: many of the earth's most important biological and ecological resources are renewable, so that in their management we confront the fundamental choice which underlies this paper, namely their extinction, or their preservation as viable species.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8815.

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Date of creation: 1998
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Handle: RePEc:pra:mprapa:8815

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Related research

Keywords: renewable resources; sustainability; optimization; mathematical modeling; sustainable development; policy;

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References

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  1. Graciela Chichilnisky, 1997. "What Is Sustainable Development?," Land Economics, University of Wisconsin Press, vol. 73(4), pages 467-491.
  2. Krautkraemer, Jeffrey A, 1985. "Optimal Growth, Resource Amenities, and the Preservation of Natural Environments," Review of Economic Studies, Wiley Blackwell, vol. 52(1), pages 153-70, January.
  3. Heal, G.M., 1995. "Interpreting Sustainability," Papers 95-24, Columbia - Graduate School of Business.
  4. Berry, R. Stephen & Salamon, Peter & Heal, Geoffrey, 1978. "On a relation between economic and thermodynamic optima," Resources and Energy, Elsevier, vol. 1(2), pages 125-137, October.
  5. Loewenstein, George & Thaler, Richard H, 1989. "Intertemporal Choice," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 181-93, Fall.
  6. Chichilnisky, Graciela & Gruenwald, Paul F., 1994. "Existence of an optimal growth path with endogenous technical change," MPRA Paper 8394, University Library of Munich, Germany.
  7. Chichilnisky, Graciela & Beltratti, Andrea & Heal, Geoffrey, 1994. "The environment and the long run: A comparison of different criteria," MPRA Paper 7907, University Library of Munich, Germany.
  8. Heal, G., 1990. "The Optimal Use Of Exhaustible Resources," Papers fb-_90-10, Columbia - Graduate School of Business.
  9. Partha Dasgupta & Geoffrey Heal & Joseph E. Stiflitx, 1980. "The Taxation of Exhaustible Resources," NBER Working Papers 0436, National Bureau of Economic Research, Inc.
  10. Harvey, Charles M., 1994. "The reasonableness of non-constant discounting," Journal of Public Economics, Elsevier, vol. 53(1), pages 31-51, January.
  11. Andrea Beltratti & Graciela Chichilnisky & Geoffrey Heal, 1993. "Sustainable Growth and the Green Golden Rule," NBER Working Papers 4430, National Bureau of Economic Research, Inc.
  12. Chichilnisky, Graciela, 1977. "Nonlinear functional analysis and optimal economic growth," MPRA Paper 7990, University Library of Munich, Germany.
  13. Heal, G., 1998. "Valuing the Future: Economic Theory and Sustainability," Papers 98-10, Columbia - Graduate School of Business.
  14. Chichilnisky, Graciela & Heal, Geoffrey & Beltratti, Andrea, 1995. "The Green Golden Rule," Economics Letters, Elsevier, vol. 49(2), pages 175-179, August.
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Citations

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Cited by:
  1. John M. Gowdy, 2007. "Behavioral Economics and Climate Change Policy," Rensselaer Working Papers in Economics 0701, Rensselaer Polytechnic Institute, Department of Economics.
  2. Bellla, Gianni & Massidda, Carla & Etzo, Ivan, 2010. "A panel estimation of the relationship between income, electric power consumption and CO2 emissions," MPRA Paper 26077, University Library of Munich, Germany.
  3. Isabel Almudi & Julio Sánchez Chóliz, 2011. "Sustainable use of renewable resources: an identity approach," Journal of Bioeconomics, Springer, vol. 13(2), pages 97-123, July.
  4. Charles Figuières & Mabel Tidball, 2006. "Sustainable exploitation of a natural resource: a satisfying use of Chichilnisky's criterion," Working Papers 06-03, LAMETA, Universtiy of Montpellier, revised Sep 2006.
  5. John M. Gowdy & Richard Howarth & Clem Tisdell, 2010. "The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations," Rensselaer Working Papers in Economics 1008, Rensselaer Polytechnic Institute, Department of Economics.
  6. Chichilnisky, Graciela, 2009. "Avoiding extinction: equal treatment of the present and the future," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 3(32), pages 1-25.
  7. Hassan Benchekroun & Seiichi Katayama & Ngo Van Long, 2006. "Non-Smooth Sustainable Development With Overshooting," CIRANO Working Papers 2006s-26, CIRANO.
  8. Alvarez-Cuadrado, Francisco & Van Long, Ngo, 2009. "A mixed Bentham-Rawls criterion for intergenerational equity: Theory and implications," Journal of Environmental Economics and Management, Elsevier, vol. 58(2), pages 154-168, September.
  9. Simone Valente, 2004. "Sustainable Development: Renewable Resources and Technological Progress," CEIS Research Paper 54, Tor Vergata University, CEIS.

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