@article {stavins_interpreting_2003, title = {Interpreting Sustainability in Economic Terms: Dynamic Efficiency Plus Intergenerational Equity}, journal = {Economics Letters}, volume = {79}, year = {2003}, note = {A-35}, month = {jun}, pages = {339{\textendash}343}, abstract = {Economists have confined the concept of {\textquoteleft}sustainability{\textquoteright} to intertemporal distributional equity. We propose a broader definition, combining dynamic efficiency and intergenerational equity, and relate it to two concepts from neoclassical economics: potential Pareto-improvements and inter-personal compensation.}, keywords = {Environmental quality, Intergenerational equity, Kaldor{\textendash}Hicks criterion, Sustainability, Sustainable Development}, issn = {0165-1765}, doi = {10.1016/S0165-1765(03)00036-3}, url = {http://www.sciencedirect.com/science/article/pii/S0165176503000363}, author = {Robert N. Stavins and Wagner, Alexander F. and Gernot Wagner} }