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Ecological-economic viability as a criterion of strong sustainability under uncertainty

  • 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 the future existence of these components and functions is guaranteed with sufficiently high probability. We develop a unifying and general ecological-economic concept of viability that encompasses the traditional ecological and economic notions of viability as special cases. It provides an operational criterion of strong sustainability under conditions of uncertainty. We illustrate this concept and demonstrate its usefulness by applying it to livestock grazing management in semi-arid rangelands.

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Metadaten
Author:Stefan Baumgärtner, Martin F. Quaas
URL: https://pub-data.leuphana.de/frontdoor/index/index/docId/530
Document Type:ResearchPaper
Language:English
Year of Completion:2007
Date of Publication (online):2007/12/13
Release Date:2007/12/13
Tag:ecological-economic systems; ecosystem services; sustainability; uncertainty; viability
GND Keyword:Umweltökonomie; Nachhaltigkeit; Unsicherheit
Institutes:Universität / Frühere Fachbereiche
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft