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Are two resources really better than one?: Some unexpected results of the availability of substitutes
University of Turin, Italy ; Collegio Carlo Alberto, Italy.ORCID iD: 0000-0003-2837-0137
University of Padua, Italy.
2011 (English)In: Journal of Environmental Management, ISSN 0301-4797, E-ISSN 1095-8630, Vol. 92, no 11, 2865-2874 p.Article in journal (Refereed) Published
Abstract [en]

The possibility of exploiting multiple resources is usually regarded as positive from both the economic and the environmental point of view. However, resource switching may also lead to unsustainable growth and, ultimately, to an equilibrium condition which is worse than the one that could have been achieved with a single resource. We developed a dynamic model where users exploit multiple resources and have different levels of preference among them. In this setting, exploiting multiple resources leads to worse outcomes in both economic and ecological terms than the single resource case under a wide range of parameter configurations. Our arguments are illustrated using two empirical situations, namely oil drilling in the North Sea and whale hunting in the Antarctic.

Place, publisher, year, edition, pages
2011. Vol. 92, no 11, 2865-2874 p.
Keyword [en]
Dynamic model, Resource management, Paradox of enrichment, Environmental sustainability, Pelagic whaling, Oil production
National Category
Environmental Sciences Economics Construction Management
Research subject
Social Sciences; Economy, Economics; Technology (byts ev till Engineering), Civil engineering
Identifiers
URN: urn:nbn:se:lnu:diva-28493DOI: 10.1016/j.jenvman.2011.06.010ISI: 000295299600001OAI: oai:DiVA.org:lnu-28493DiVA: diva2:643240
Available from: 2013-08-26 Created: 2013-08-26 Last updated: 2017-12-06Bibliographically approved

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Bravo, Giangiacomo

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