Natural Capital and sustainability

C.A.A.M. Withagen, J. van Geldrop

Research output: Contribution to JournalArticleAcademic


This paper develops and rigorously analyses a model describing the optimal use of natural capital in a utilitarian framework. Natural capital is treated as an aggregate including exhaustibles, renewables and 'environmentals', performing several functions. It is found that it converges to a steady-state in which it is kept constant by simultaneous investments and use. (C) 2000 Elsevier Science B.V.
Original languageEnglish
Pages (from-to)445-455
Number of pages10
JournalEcological Economics
Issue number32
Publication statusPublished - 2000


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