Wonderland, a compact, integrated economic, demographic and environmental
model is investigated using methods developed for studying critical phenomena.
Simulation results show the parameter space separates into two phases, one of
which contains the property of long term, sustainable development. By employing
information contain in the phase diagram, an optimal strategy involving
pollution taxes is developed as a means of moving a system initially in a
unsustainable region of the phase diagram into a region of sustainability while
ensuring minimal regret with respect to long term economic growth.Comment: 22 pages, 9 figures. Submitted to Physica