Exhaustible resource allocation in an overlapping generations economy.

An overlapping generations model of competitive allocations of an exhaustible resource is presented. Conditions for the existence of equilibrium extraction rules are provided, such that both extraction and investment in future stocks are increasing and continuous in the current stock. In addition,...

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Publicado en:	Journal of Environmental Economics & Management Vol. 32; pp. 277 - 293
Autores principales:	Olson, Lars J., Knapp, Keith C.
Formato:	Artículo
Publicado:	Academic Press Inc. March 1997
Materias:	Overlapping generations model (Economics) Mathematical models Resource exploitation Resource allocation > Mathematical models Economic equilibrium Welfare economics
Acceso en línea:	Ver este registro en EBSCOhost