In this paper we model an overlapping generations economy in which individuals are endowed with a renewable resource. This resource can be exploited at no cost by the young households and provided to production. A joy-of-giving bequest motive motivates the transfer of the unexploited resource to...

We develop an overlapping-generation model agrave; la Diamond with a non-constant population growth in which households privately own a natural renewable resource and have a family-altruism resource bequest motive. The natural resource can be either extracted and sold to the producing firms as a...

In this paper we question the role of a joy-of-giving bequest motive of a privately-owned renewable resource for sustainability. We model an overlapping generations economy in which individuals are endowed with a renewable resource. This resource can be exploited at no cost by the young...