Buchholz, Wolfgang and Dasgupta, Swapan and Mitra, Tapan (2005) Intertemporal equity and Hartwick's rule in an exhaustible resource model. SCANDINAVIAN JOURNAL OF ECONOMICS, 107 (3). pp. 547-561. ISSN 0347-0520, 1467-9442
Full text not available from this repository. (Request a copy)Abstract
In a standard exhaustible resource model, it is known that if, along a competitive path, investment in the augmentable capital good equals the rents on the exhaustible resource (known as Hartwick's rule), then the path is equitable in the sense that the consumption level is constant over time. In this paper, we show the converse of this result: if a competitive path is equitable, then it must satisfy Hartwick's rule.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | INTERGENERATIONAL EQUITY; EFFICIENT ALLOCATION; GROWTH; intertemporal equity; exhaustible resource; Hartwick's rule; Hotelling's rule |
| 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: | 21 Jun 2021 09:11 |
| Last Modified: | 21 Jun 2021 09:11 |
| URI: | https://pred.uni-regensburg.de/id/eprint/36825 |
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