Characterizing the sustainability problem in an exhaustible resource model

DOI10.1016/j.jet.2013.04.019zbMath1296.91216OpenAlexW3125920173MaRDI QIDQ405555

Tapan Mitra, Geir B. Asheim, Wolfgang Buchholz, Cees A. A. M. Withagen

Publication date: 5 September 2014

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://ora.ox.ac.uk/objects/uuid:300bbcb1-8d34-4535-b25d-ae8222994197

zbMATH Keywords

maximinsustainability

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (6)

Sustainable growth ⋮ Sustainability criterion implied externality pricing for resource extraction ⋮ Sustainability of an economy relying on two reproducible assets ⋮ Sustainability with endogenous discounting when utility depends on consumption and amenities ⋮ Investment rules and time invariance under population growth ⋮ Characterizing sustainability in discrete time

Cites Work

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• Justifying social discounting: the rank-discounted utilitarian approach
• Sustainability and discounted utilitarianism in models of economic growth
• Indefinitely sustained consumption despite exhaustible natural resources
• Intertemporal equity and efficient allocation of resources.
• Intergenerational Equity and Efficient Allocation of Exhaustible Resources
• On Hartwick's Rule for Regular Maximin Paths of Capital Accumulation and Resource Depletion
• Maximin Paths of Heterogeneous Capital Accumulation and the Instability of Paradoxical Steady States

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