Download This PaperInterpreting Sustainability
22 Pages Posted: 7 Jan 1997
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Interpreting Sustainability
Date Written: May 1996
Abstract
Sustainability is an important, influential but elusive concept. I review concepts related to sustainability in earlier literature, and then summarize and synthesize recent work on sustainablity by Chichilnisky (1993), Beltratti, Chichilnisky and Heal (1994) and Heal (1993). This provides a basis for formalizing the concept and operationalizing it via shadow prices and associated accounting practices.
JEL Classification: D90, O21, H43
Suggested Citation: Suggested Citation
Geoffrey M. Heal (Contact Author)
Columbia University - Columbia Business School, Finance ( email )
3022 Broadway
New York, NY 10027
United States
212-854-6459 (Phone)
212-316-9219 (Fax)
HOME PAGE: http://www.gsb.columbia.edu/faculty/gheal/
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