Capital depreciation and waste accumulation in capital-resource economies

In this note, we investigate how the depreciation of a manufactured stock and the related accumulation of a waste stock can alter the optimal path of the capital-resource economy. It is shown that the optimal consumption path is aected by how the disuse pattern of the manufactured stock in question is distributed, specifically with forward-looking terms.

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Year of publication:	2010-02-22
Authors:	Yamaguchi, Rintaro ; Ueta, Kazuhiro
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	capital depreciation \| waste accumulation \| capital-resource model \| optimal control

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	Q32 - Exhaustible Resources and Economic Development ; Q53 - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste ; Q01 - Sustainable Development ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008534280