Optimal population without repugnant aspects

This paper addresses the issue of optimum population with two concerns : avoiding both the absolute repugnant solution that amounts to givingg to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decreases with income. To avoid these two solutions, we introduce a critical level of utility that depends on individuals’ marginal income.

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Year of publication:	1996-10-01
Authors:	MICHEL, Philippe ; PESTIEAU, Pierre
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	Economic Welfare \| Intertemporal choices and growth \| Demographic Economics

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Extent:	application/pdf
Series:	CORE Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Center for Operations Research and Econometrics (CORE) Number 1996054
Classification:	D - Microeconomics ; J - Labor and Demographic Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005065332