Withagen, Cees; Asheim, Geir B.; Buchholz, Wolfgang - Økonomisk institutt, Universitetet i Oslo - 2003
We show that our general result (Withagen and Asheim [8]) on the converse of Hartwick’s rule also applies for the special case of Solow’s model with one capital good and one exhaustible resource. Hence, the criticism by Cairns and Yang [1] of our paper is unfounded.
