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Environmental Economics & Policy 6th Edition by Tom Tietenberg,Lynne Lewis
Edition 6ISBN: 978-0321599490Environmental Economics & Policy 6th Edition by Tom Tietenberg,Lynne Lewis
Edition 6ISBN: 978-0321599490 Exercise 1
The notion of sustainability is not the same in the natural sciences as in economics. In the natural sciences sustainability frequently means maintaining a constant physical flow of each and every resource (e.g., fish from the sea or wood from the forest), while in economics it means maintaining the value of those service flows. When might the two criteria lead to different choices? Why?
Explanation
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It has been stated that the notion of su...
Environmental Economics & Policy 6th Edition by Tom Tietenberg,Lynne Lewis
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