Showing 1 - 10 of 19,128
conservation, and sustainability and discuss policies to curb overuse and potential collapse of the resource due to present …
Persistent link: https://www.econbiz.de/10012303762
environmental problems: (i) optimal renewable resource use, (ii) the tragedy of the commons, (iii) economic growth and pollution. I …
Persistent link: https://www.econbiz.de/10011742926
conservation, and sustainability and discuss policies to curb overuse and potential collapse of the resource due to present …
Persistent link: https://www.econbiz.de/10012287916
This paper is concerned with the theory of resilience pricing and sustainability measurement in the presence of risk … future. We also analyze the role of resilience on sustainability with both ex-ante and ex-post welfare measures. …
Persistent link: https://www.econbiz.de/10010321419
We study the environmental and economic effects of public abatement in the presence of multiple stable steady-state ecological equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a good and a bad one. Assuming that the ecology is...
Persistent link: https://www.econbiz.de/10010274231
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10011753120
The author analyzes the optimal investment in environmental protection in a model of an infinite series of non-overlapping hyperbolically discounting agents. He shows that without a commitment mechanism society is eventually stuck in a situation where all agents prefer further investment in the...
Persistent link: https://www.econbiz.de/10010298585
We study the dynamic Ramsey problem of finding optimal public debt and linear taxes on capital and labor income within a tractable infinite horizon model with incomplete markets. With zero public expenditure and debt, it is optimal to tax the risky labor income and subsidize capital, while a...
Persistent link: https://www.econbiz.de/10010277403
Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our … approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human … substituting consumption for the quality of life. Our sustainability results carry over. As it should be expected, optimal …
Persistent link: https://www.econbiz.de/10010318844
We incorporate a renewable resource into an overlapping generations model with standard, well-behaved utility and constant returns production functions. Besides being a factor of production the resource serves as a store of value. We characterize dynamics, efficiency and stability of steady...
Persistent link: https://www.econbiz.de/10010284957