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Alternative Sustainability Criteria, Externalities, and Welfare in a Simple Agroecosystem Model: A Numerical Analysis

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  • Craig Bond
  • Y. Farzin

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  • Craig Bond & Y. Farzin, 2008. "Alternative Sustainability Criteria, Externalities, and Welfare in a Simple Agroecosystem Model: A Numerical Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 40(3), pages 383-399, July.
    • Handle: RePEc:kap:enreec:v:40:y:2008:i:3:p:383-399
    DOI: 10.1007/s10640-007-9159-7
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    1. Asheim, Geir B. & Buchholz, Wolfgang & Tungodden, Bertil, 2001. "Justifying Sustainability," Journal of Environmental Economics and Management, Elsevier, vol. 41(3), pages 252-268, May.
    2. Joseph E. Stiglitz, 1974. "Growth with Exhaustible Natural Resources: The Competitive Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(5), pages 139-152.
    3. Richard T. Woodward & Richard C. Bishop, 2003. "Sector-Level Decisions in a Sustainability-Constrained Economy," Land Economics, University of Wisconsin Press, vol. 79(1), pages 1-14.
    4. Farzin, Y H & Tahvonen, O, 1996. "Global Carbon Cycle and the Optimal Time Path of a Carbon Tax," Oxford Economic Papers, Oxford University Press, vol. 48(4), pages 515-536, October.
    5. Caputo,Michael R., 2005. "Foundations of Dynamic Economic Analysis," Cambridge Books, Cambridge University Press, number 9780521842723.
    6. Graciela Chichilnisky, 1997. "What Is Sustainable Development?," Land Economics, University of Wisconsin Press, vol. 73(4), pages 467-491.
    7. Y. Hossein Farzin, 2004. "Is an Exhaustible Resource Economy Sustainable?," Review of Development Economics, Wiley Blackwell, vol. 8(1), pages 33-46, February.
    8. Lanzer, Edgar A. & Paris, Quirino & Williams, William A., 1987. "A Nonsubstitution Dynamic Model for Optimal Fertilizer Recommendations," Monographs, University of California, Davis, Giannini Foundation, number 11938, December.
    9. Amartya Sen, 1997. "Maximization and the Act of Choice," Econometrica, Econometric Society, vol. 65(4), pages 745-780, July.
    10. R. M. Solow, 1974. "Intergenerational Equity and Exhaustible Resources," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(5), pages 29-45.
    11. Hartwick, John M., 1990. "Natural resources, national accounting and economic depreciation," Journal of Public Economics, Elsevier, vol. 43(3), pages 291-304, December.
    12. 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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    14. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-974, December.
    15. David Tilman & Kenneth G. Cassman & Pamela A. Matson & Rosamond Naylor & Stephen Polasky, 2002. "Agricultural sustainability and intensive production practices," Nature, Nature, vol. 418(6898), pages 671-677, August.
    16. Pacini, Cesare & Giesen, G.W.J. & Vazzana, V. & Wossink, Ada, 2002. "Sustainability of Organic, Integrated and Conventional Farming Systems in Tuscany," 13th Congress, Wageningen, The Netherlands, July 7-12, 2002 6956, International Farm Management Association.
    17. Paul Webster, 1999. "The Challenge of Sustainability at the Farm Level: Presidential Address," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 371-387, September.
    18. Kenneth Arrow & Partha Dasgupta & Karl-Göran Mäler, 2003. "Evaluating Projects and Assessing Sustainable Development in Imperfect Economies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 26(4), pages 647-685, December.
    19. Kenneth L. Judd, 1998. "Numerical Methods in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262100711, April.
    20. Richard T. Woodward, 2000. "Sustainability as Intergenerational Fairness: Efficiency, Uncertainty, and Numerical Methods," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 581-593.
    21. Robert M. Solow, 1974. "The Economics of Resources or the Resources of Economics," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 12, pages 257-276, Palgrave Macmillan.
    22. Michael D. Frank & Bruce R. Beattie & Mary E. Embleton, 1990. "A Comparison of Alternative Crop Response Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(3), pages 597-603.
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    25. Partha Dasgupta & Geoffrey Heal, 1974. "The Optimal Depletion of Exhaustible Resources," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(5), pages 3-28.
    26. Y. Hossein Farzin, 2006. "Conditions for Sustainable Optimal Economic Development," Review of Development Economics, Wiley Blackwell, vol. 10(3), pages 518-534, August.
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    Cited by:

    1. Craig A. Bond & John B. Loomis, 2009. "Using Numerical Dynamic Programming to Compare Passive and Active Learning in the Adaptive Management of Nutrients in Shallow Lakes," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(4), pages 555-573, December.
    2. Martinet, Vincent, 2014. "The economics of the Food versus Biodiversity debate," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182800, European Association of Agricultural Economists.
    3. Y. Hossein Farzin, 2007. "Sustainability and Optimality in Economic Development: Theoretical Insights and Policy Prospects," Working Papers 2007.89, Fondazione Eni Enrico Mattei.
    4. Karel Doubravský & Alena Kocmanová & Mirko Dohnal, 2018. "Analysis of Sustainability Decision Trees Generated by Qualitative Models Based on Equationless Heuristics," Sustainability, MDPI, vol. 10(7), pages 1-18, July.
    5. Vincent Martinet, 2010. "Soil heterogeneity, agricultural supply and land-use change: an application to biofuels production," Working Papers 2010/05, INRA, Economie Publique.
    6. Vincent Martinet, 2012. "Effect of soil heterogeneity on the welfare economics of biofuel policies," EconomiX Working Papers 2012-13, University of Paris Nanterre, EconomiX.
    7. Iho Antti & Kitti Mitri, 2011. "A Tail-Payoff Puzzle in Dynamic Pollution Control," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-30, May.

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