Endress, Lee H.; Roumasset, James A.; Zhou, Ting - Department of Economics, University of Hawaii-Manoa - 2002
In this paper, we apply the canonical approach of Ramsey, Koopmans, and Diamond to the problem of optimal and intertemporally-equitable growth with a non-renewable resource constraint and show that the solution is sustainable. The model is extended to cases involving environmental amenities and...