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Intertemporal resource economics : an introduction to the overlapping generations approach

Author: Karl Farmer; Birgit Bednar-Friedl
Publisher: Heidelberg ; New York : Springer-Verlag, ©2010.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This monograph provides a concise introduction to the overlapping generations approach to the intertemporal economics of renewable natural resources. In contrast to the dominant infinitely-lived agent (ILA) approach it acknowledges that natural resources typically out-live the individuals who use them. Finite lifetimes, generations overlap and competing natural and man-made capital facilitate long-run  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Intertemporal Resource Economics.
Springer Verlag 2010
(OCoLC)646114246
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Karl Farmer; Birgit Bednar-Friedl
ISBN: 9783642132292 3642132294 9783642132285 3642132286
OCLC Number: 663093751
Description: 1 online resource (x, 173 pages)
Contents: pt. I. Basics. 1. Introduction --
2. Economic growth and natural resources --
pt. II. Efficiency and market equilibrium under resource abundance. 3. Intergenerational efficiency in log-linear Cobb-Douglas OLG models --
4. Intertemporary market equilibrium and short-run intergenerational efficiency --
5. Steady-state market equilibrium, long-run intergenerational efficiency, and optimality --
pt. III. Efficiency and market equilibrium with scarce renewable resources. 6. Renewable resources and intergenerational efficiency --
7. Intertemporal market equilibrium and intergenerational efficiency with renewable resources --
pt. IV. Intergenerational equity and market equilibrium with scarce renewable resources. 8. Sustainable economic growth with linear resource regeneration --
9. Steady-state sustainability under logistically regenerating resources --
pt. V. Shocks to harvest technology and natural regeneration. 10. Resource use with physical harvest costs --
11. Effects of harvest cost and biological shocks --
Index.
Responsibility: Karl Farmer, Birgit Bednar-Friedl.
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Abstract:

Providing an introduction to the overlapping generations approach, Intertemporal Resource Economics examines the economics of renewable natural resources. Readers will find explicit solutions for  Read more...

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