| 来源类型 | Other |
| The Optimal Use of Exhaustible Resources Under Non-constant Returns to Scale. | |
| Aseev S; Besov K; Kaniovski S | |
| 发表日期 | 2016 |
| 出处 | Österreichisches Institut für Wirtschaftsforschung , Vienna, Austria. |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | The paper offers a complete analysis of the welfare-maximising capital investment and resource depletion policies in the Dasgupta-Heal-Solow-Stiglitz (DHSS) model with capital depreciation and any returns to scale. We establish a general existence result and show that an optimal admissible policy may not exist if the output elasticity of the resource equals 1. We characterise the optimal policies by applying an appropriate version of the Pontryagin maximum principle for infinite-horizon optimal control problems. We conclude the paper with an economic interpretation and a discussion of the welfaremaximising |
| 主题 | Advanced Systems Analysis (ASA) |
| 关键词 | optimal growth, nonconstant returns to scale, exhaustible resources |
| URL | http://pure.iiasa.ac.at/id/eprint/13877/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/135721 |
| 推荐引用方式 GB/T 7714 | Aseev S,Besov K,Kaniovski S. The Optimal Use of Exhaustible Resources Under Non-constant Returns to Scale.. 2016. |
| 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 | ||
| Aseev-Besov-Kaniovsk（533KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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