Income insurance as a risk management tool after 2013 CAP reforms?

The ecosystem and the economic subsystem are interlinked. In fact, it is the overconsumption of scarce resources or the overproduction of bad outputs at economic system level that causes a great part of the imbalances at the ecosystem level. Some imbalances do not originate at the economic system level, but are due to external factors. Given the possibility of external shocks, respecting static sustainability thresholds is not a guarantee for system sustainability. In a dynamic setting, the concept of resilience is therefore helpful. In this paper we show how this concept can complement the traditional efficiency approach to come to a sustainable value creating economic system.


Issue Date:
Sep 02 2011
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/114649
Page range:
1-11
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-26

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