Natural capital and sustainability

Authors
van Geldrop, J Withagen, C
Citation
J. Van Geldrop et C. Withagen, Natural capital and sustainability, ECOL ECON, 32(3), 2000, pp. 445-455
Citations number
20
Categorie Soggetti
Environment/Ecology,Economics
Journal title
ECOLOGICAL ECONOMICS
ISSN journal
09218009 → ACNP
Volume
32
Issue
3
Year of publication
2000
Pages
445 - 455
Database
ISI
SICI code
0921-8009(200003)32:3<445:NCAS>2.0.ZU;2-N
Abstract
This paper develops and rigorously analyses a model describing the optimal use of natural capital in a utilitarian framework. Natural capital is treat ed as an aggregate including exhaustibles, renewables and 'environmentals', performing several functions. It is found that it converges to a steady-st ate in which it is kept constant by simultaneous investments and use. (C) 2 000 Elsevier Science B.V. All rights reserved.