SUSTAINABILITY: DYNAMICS AND UNCERTAINTY
Posted: 7 Jan 1997
Sustainability is an important, influential but elusive concept. I review concepts related to sustainability in earlier literature and then summarize and synthesize recent work on sustainability by Chichilnisky (1993), Beltratti, Chichilnisky and Heal (1994), and Heal (1993). This provides a basis for formalizing the concept and operationalizing it via shadow prices and associated accounting practices.
JEL Classification: E3, M4
Suggested Citation: Suggested Citation