Constant savings rates and quasi-arithmetic population growth under exhaustible resource constraints
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چکیده
منابع مشابه
Constant Savings Rates and Quasi- Arithmetic Population Growth under Exhaustible Resource Constraints
In the Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion we show the following equivalence: If an efficient path has constant (gross and net of population growth) savings rates, then population growth must be quasi-arithmetic and the path is a maximin or a classical utilitarian optimum. Conversely, if a path is optimal according to maximin or classical utilitaria...
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ژورنال
عنوان ژورنال: Journal of Environmental Economics and Management
سال: 2007
ISSN: 0095-0696
DOI: 10.1016/j.jeem.2006.09.001