| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Renewable Resources in an Overlapping Generations Economy without Capital | |
| Erkki Koskela; Markku Ollikainen; Mikko Puhakka | |
| 发表日期 | 2000 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | We incorporate a renewable resource into an overlapping generations model without capital and with quasi-linear preferences. Besides being an input for production the resource serves as a store of value. We characterise the dynamics, efficiency and stability of the steady state equilibria. The stability properties are sensitive to the type of resource growth. For constant growth there is only one steady state equilibrium which is stable and efficient. In the general case of the concave growth function there are usually at least two steady state equilibria, one of which is stable and the other one unstable. The unstable steady state is efficient, but the stable one may or may not be. We study the robustness of our results by assuming a logarithmic periodic utility function. If the stationary equilibrium is unique, it is stable regardless of whether the equilibrium is efficient or inefficient, and irrespective of the type of growth function. Our analytical results are illustrated by numerical calculations. |
| 特色分类 | D90,Q20 |
| 关键词 | Overlapping generations,renewable resources |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/renewable-resources-in-an-overlapping-generations-economy-without-capital/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116560 |
| 推荐引用方式 GB/T 7714 | Erkki Koskela,Markku Ollikainen,Mikko Puhakka. Renewable Resources in an Overlapping Generations Economy without Capital. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2000-067.pdf（439KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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