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Optimal Emission-Extraction Policy in a World of Scarcity and Irreversibility
Prieur, Fabien; Tidball, Mabel; Withagen, Cees - 2021
This paper extends the classical exhaustible-resource/stock-pollution model with the irreversibility of pollution decay …. Within this framework, we answer the question how the potential irreversibility of pollution affects the extraction path. We … example. To sum up, for any pollution level, we can identify a critical resource stock such that there exist multiple optima i …
Persistent link: https://www.econbiz.de/10013315993
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The Hartwick rule : myths and facts
Asheim, Geir B.; Buchholz, Wolfgang; Withagen, Cees - In: Justifying, characterizing and indicating sustainability, (pp. 125-145). 2007
Persistent link: https://www.econbiz.de/10003532383
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Characterizing sustainability : the converse of Hartwick's rule
Withagen, Cees; Asheim, Geir B. - In: Justifying, characterizing and indicating sustainability, (pp. 171-177). 2007
Persistent link: https://www.econbiz.de/10003532391
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On the sustainable program in Solow's model
Withagen, Cees; Asheim, Geir B.; Buchholz, Wolfgang - In: Justifying, characterizing and indicating sustainability, (pp. 179-189). 2007
Persistent link: https://www.econbiz.de/10003532393
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Fiscal Sustainability of the German Laender Time Series Evidence
Burret, Heiko - 2014
In this paper we analyze the sustainability of public finances in the states (Laender) of the Federal Republic of Germany using an unprecedentedly comprehensive fiscal dataset for the time period from 1950 to 2011 for West German Laender and 1991 to 2011 for East German Laender, respectively. In...
Persistent link: https://www.econbiz.de/10013047345
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Sustainability of German Fiscal Policy and Public Debt : Historical and Time Series Evidence for the Period 1850-2010
Burret, Heiko - 2013
In the last decades, the majority of OECD countries has experienced a continuous increase in public debt. The European debt crisis has prompted a fundamental re‐evaluation of public debt sustainability and the looming threat of sovereign debt default. Due to a multitude of large scale events...
Persistent link: https://www.econbiz.de/10013085753
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Characterizing the Sustainability Problem in an Exhaustible Resource Model
Mitra, Tapan; Asheim, Geir B.; Buchholz, Wolfgang; … - 2021
The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a complete technological characterization of the...
Persistent link: https://www.econbiz.de/10013315930