Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/28196
Authors: 
Baumgärtner, Stefan
Quaas, Martin F.
Year of Publication: 
2007
Series/Report no.: 
University of Lüneburg Working paper series in economics 67
Abstract: 
Strong sustainability, according to the common definition, requires that different natural and economic capital stocks have to be maintained as physical quantities separately. Yet, in a world of uncertainty this cannot be guaranteed. To therefore define strong sustainability under uncertainty in an operational manner, we propose to use the concept of viability. Viability means that the different components and functions of a dynamic, stochastic system at any time remain in a domain where ...
JEL: 
D81
Q01
Q57
Document Type: 
Working Paper

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