Renewable Resources in an Overlapping Generations Economy without Capital.

We incorporate a renewable resource into an overlapping generations model without capital. Besides being an input for production the resource serves as the store of value. Dynamics, efficiency and stability of the steady state equilibria are characterized.

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Year of publication:	1998
Authors:	Koskela, E. ; Ollikainen, M. ; Puhakka, M.
Institutions:	Politiikan ja Talouden Tutkimuksen Laitos, Valtiotieteellinen tiedekunta
Subject:	NATURAL RESOURCES

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Series:	University of Helsinki, Department of Economics.
Type of publication:	Book / Working Paper
Notes:	23 pages
Classification:	D90 - Intertemporal Choice and Growth. General ; Q20 - Renewable Resources and Conservation; Environmental Management. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005474896