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dc.contributor.authorQuaas, Martin F.en_US
dc.contributor.authorvan Soest, Daanen_US
dc.contributor.authorBaumgärtner, Stefanen_US
dc.date.accessioned2011-11-30en_US
dc.date.accessioned2012-04-17T12:55:52Z-
dc.date.available2012-04-17T12:55:52Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/57164-
dc.description.abstractWe study how human preferences affect the resilience of economies that depend on more than one type of natural resources. In particular, we analyze whether the degree of substitutability of natural resources in consumer needs may give rise to multiple steady states and path dependence even when resources are managed optimally. This is a major shift in the interpretation and analysis of resilience, from viewing (limited) resilience as an objective property of the economy-environment system to acknowledging its partially subjective, preference-based character. We find that society tends to be less willing to buffer exogenous shocks if resource goods are complements in consumption than if they are substitutes. Hence, the stronger the complementarity between the various types of resource goods, the less resilient the economy is.en_US
dc.language.isoengen_US
dc.publisherUniv., Inst. für Volkswirtschaftslehre Lüneburgen_US
dc.relation.ispartofseriesUniversity of Lüneburg Working Paper Series in Economics 220en_US
dc.subject.jelC62en_US
dc.subject.jelO13en_US
dc.subject.jelQ01en_US
dc.subject.jelQ20en_US
dc.subject.ddc330en_US
dc.subject.keywordresilienceen_US
dc.subject.keywordsubstitutes and complementsen_US
dc.subject.keyworddiscountingen_US
dc.subject.keywordmultiple steady statesen_US
dc.subject.keywordnatural resourcesen_US
dc.subject.keywordpath dependenceen_US
dc.subject.keywordregime shiftsen_US
dc.subject.keywordtipping pointsen_US
dc.subject.stwSteady-State-Wachstumen_US
dc.subject.stwNachhaltigkeiten_US
dc.subject.stwNatürliche Ressourcenen_US
dc.subject.stwImporten_US
dc.subject.stwProduktsubstitutionen_US
dc.subject.stwKomplementärguten_US
dc.subject.stwZeitpräferenzen_US
dc.subject.stwTheorieen_US
dc.titleComplementarity, impatience, and the resilience of natural-dependent economiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn675822955en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series in Economics, Leuphana Universität Lüneburg

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