Sustainability : Dynamics and Uncertainty

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Sustainable development, albeit a fashionable phrase, covers several substantive issues. In essence, as the Bruntlandt Report has it, it is "development that meets the needs of the present without compromising the ability of future generations to meet their own needs". Underlying this concern is the issue of modelling and evaluating alternative long-term dynamic paths open to an economy which, in an essential way, is dependent on environmental inputs. section one of this book presents two non-technical surveys of some of the questions in the areas of dynamics and uncertainty. The papers in section two then go on to model and evaluate alternative development paths of an economic - environmental system, especially with reference to their long-run properties. Of course, many of the processes and relationships underlying such models are uncertain, and the types of uncertainty and how to model them are considered in section three. There are many complex and interesting economic issues that arise when we consider how best to manage the "global commons" as privately produced public goods, and the present book deals with many of the related issues in an informative way.
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Product details

  • Hardback | 348 pages
  • 171.45 x 230 x 19.05mm
  • Dordrecht, Netherlands, United States
  • English
  • index
  • 079234698X
  • 9780792346982

Table of contents

Section 1 Overview: interpreting Sustainability, G. Heal; global environmental risks, G. Chichilnisky, G. Heal. Section 2 Dynamics: sustainable use of renewable resources, A. Beltratti, et al; north south trade and the dynamics of the environment, R. Abraham, et al; trade, migration and the environment - a general equilibrium analysis, G. Chichilnisky, M. Di Matteo; a simple model of optimal sustainable growth, G. Cazzavillan, I. Musu; environmental externalities; disconnected generations and policy, G. Marini, P. Scaramozzino; stochastic sustainability, M.P. Tucci; sustainability of economics development and the freedom of future generations, A. Vercelli. Section 3 Uncertainty: hard uncertainty and environmental policy, A. Vercelli; environmental option values, uncertainty aversion and learning, M. Basili, A. Vercelli; environmental bonds - a critical assessment, L. Torsello, A. Vercelli; uncertain future preferences and conservation, G. Heal, et al; catastrophe futures - financial markets and changing climate risks, G. Chichilnisky, G. Heal; stochastic sustainability in the presence of unknown parameters, M.P. Tucci; climate change and emission permits, A. Beltratti.
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