Asheim, Geir B. and Buchholz, Wolfgang and Hartwick, John M. and Mitra, Tapan and Withagen, Cees (2007) Constant savings rates and quasi-arithmetic population growth under exhaustible resource constraints. JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 53 (2). pp. 213-229. ISSN 0095-0696, 1096-0449
Full text not available from this repository. (Request a copy)Abstract
In the Dasgupta-Heal-Solow-Stiglitz (DHSS) 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 utilitarianism (with constant elasticity of marginal utility) under quasi-arithmetic population growth, then the (gross and net of population growth) savings rates converge asymptotically to constants. (c) 2006 Elsevier Inc. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | HARTWICKS RULE; INTERTEMPORAL EQUITY; NATURAL RESOURCES; DEPLETION; EFFICIENT; ECONOMY; INCOME; PATHS; quasi-arithmetic population growth; constant savings rates; exhaustible resources; sustainability |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Entpflichtete oder im Ruhestand befindliche Professoren > Lehrstuhl für Finanzwissenschaft, insbesondere Umweltökonomie (Prof. Dr. Wolfgang Buchholz) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 22 Dec 2020 07:11 |
| Last Modified: | 22 Dec 2020 07:11 |
| URI: | https://pred.uni-regensburg.de/id/eprint/33113 |
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