Showing 1 - 2 of 2
We extend Brander-Taylor's model of development on Easter Island by adding a resource subsistence requirement to people's preferences, and a conservation incentive in the form of a revenue-neutral, ad valorem tax on resource consumption. Adding subsistence improves plausibility; makes overshoot...
Persistent link: https://www.econbiz.de/10010917807
We extend the Brander-Taylor model of population and resource development in an isolated society by adding a resource subsistence requirement to people's preferences. This improves plausibility; amplifies population overshoot and collapse, and makes the steady state less stable; and allows for...
Persistent link: https://www.econbiz.de/10005771267