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Title:Ecological-economic viability as a criterion of strong sustainability under uncertainty PDF Logo
Authors:Baumgärtner, Stefan
Quaas, Martin F.
Issue Date: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
Appears in Collections:Working Paper Series in Economics, Leuphana Universität Lüneburg

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