Journal of Bioeconomics

, Volume 13, Issue 2, pp 97–123

Sustainable use of renewable resources: an identity approach

Article

DOI: 10.1007/s10818-011-9102-4

Cite this article as:
Almudi, I. & Sánchez Chóliz, J. J Bioecon (2011) 13: 97. doi:10.1007/s10818-011-9102-4

Abstract

Despite the achievements obtained by environmental economics over recent decades, it shares the same failings as economic theory in general. In this sense, regarding preferences, very little attention has been paid to three elements; the long-term change in social preferences, the incorporation of non-economic factors in the structure of preferences, and the need to consider some kind of heterogeneity in social preferences. In this paper we deal with these three issues by developing a new framework which encloses non-economic factors as one of the driving forces to explain consumer behavior and which allows us to endogeneize preference and consider heterogeneity. After setting up our approach, we pose the question as to how far such a framework modifies the levels of use and consumption of a renewable resource. Our findings have enabled us to draw interesting conclusions regarding environmental policies in place since the 1970s.

Keywords

Endogenous preference changeIdentityHeterogeneityRenewable resourcesEnvironmental policies

JEL Classification

Q28Q58C61C62B41

Copyright information

© Springer Science+Business Media, LLC. 2011

Authors and Affiliations

  1. 1.Departamento de Análisis Económico, Facultad de Economía y EmpresaUniversidad de ZaragozaZaragozaSpain