Sustainability criterion implied externality pricing for resource extraction

DOI10.1016/j.econlet.2023.111448arXiv2306.04065OpenAlexW4388664537MaRDI QIDQ6117765

Daniel J. Grainger

Publication date: 20 March 2024

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/2306.04065

zbMATH Keywords

natural resourcessustainabilityHartwick's ruleexternalitiesoptimal extractionHotelling's rule

Mathematics Subject Classification ID

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

Cites Work

• Unnamed Item
• Characterizing the sustainability problem in an exhaustible resource model
• The zero discounting and maximin optimal paths in a simple model of global warming
• Hartwick's rule and maximin paths when the exhaustible resource has an amenity value
• A simple dynamic general equilibrium model
• Investment rules and time invariance under population growth
• Substitution Among Exhaustible Resources and Intergenerational Equity
• A NOTE ON THE CONSEQUENCES OF AN ENDOGENOUS DISCOUNTING DEPENDING ON THE ENVIRONMENTAL QUALITY
• Sustainability with endogenous discounting

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