Characterizing sustainability: The converse of Hartwick's rule

DOI10.1016/S0165-1889(97)00109-7zbMath0910.90056OpenAlexW2011663041MaRDI QIDQ1274848

Geir B. Asheim, Cees A. A. M. Withagen

Publication date: 12 January 1999

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1889(97)00109-7

zbMATH Keywords

converse of Hartwick's ruledepletion of the natural resource

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (8)

On Hamiltonian as limiting gradient in infinite horizon problem ⋮ Maximin, viability and sustainability ⋮ Sustainability of an economy relying on two reproducible assets ⋮ Investment rules and time invariance under population growth ⋮ Conditions implying the vanishing of the Hamiltonian at infinity in optimal control problems ⋮ Hartwick's rule and maximin paths when the exhaustible resource has an amenity value ⋮ Characterizing sustainability in discrete time ⋮ Intertemporal equity and efficient allocation of resources.

Cites Work

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• On Hartwick's Rule for Regular Maximin Paths of Capital Accumulation and Resource Depletion
• On the Transversality Condition in Infinite Horizon Optimal Problems
• Maximin Paths of Heterogeneous Capital Accumulation and the Instability of Paradoxical Steady States

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