... non-declining welfare generation.In fact, if the welfare package is broad enough, non-decline of welfare can also be viewed as sustainable development (Mäler, 1991). Note however that the search ... share the effects of cost-pushed price increase with consumers. At the international level, shared responsibility for outsourcing hazardous production processes and importing natural resources ... welfare. As shown in Box 12.1, the model maximizes a social welfare function, depending on final consumption C, capital use (including natural capital) K, environmental damage Z, and labour...