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AN AXIOMATIC APPROACH TO SUSTAINABILITY.
- Source :
- Natural Resource Modeling; Fall2006, Vol. 19 Issue 3, p395-403, 9p
- Publication Year :
- 2006
-
Abstract
- In this paper a new concept for sustainable development is proposed. Unlike the usual present value maximizing approach, the discount rates are determined endogenously. For a standard model of renewable natural resources it is shown that a solution can be found by solving an appropriate system of equations. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 08908575
- Volume :
- 19
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Natural Resource Modeling
- Publication Type :
- Academic Journal
- Accession number :
- 21900416
- Full Text :
- https://doi.org/10.1111/j.1939-7445.2006.tb00186.x