Intergenerational equity and dynamic duality principles. (Q1566155)
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scientific article; zbMATH DE number 1921382
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Intergenerational equity and dynamic duality principles. |
scientific article; zbMATH DE number 1921382 |
Statements
Intergenerational equity and dynamic duality principles. (English)
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2002
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Dynamic processes of capital accumulation and intergenerationally equitable changes in environmental quality are studied. The existence of an intergenerationally equitable time-path of consumption and capital accumulation is secured under the presence of the Penose effect, the latter implying a diminishing marginal investment rate in both private and social overhead capital. The approach is based on dynamic duality principles due originally to the author and Koopmans.
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environmental economy
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capital accumulation
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Penrose effect
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dynamic duality principles
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0.86668205
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0.8563551
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0.85187906
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0.8257215
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0.81800777
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0.8159648
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0.8114262
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0.81072485
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0.81002396
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