Amigues, Jean-Pierre; Long, Ngo Van; Moreaux, Michel - Centre Interuniversitaire de Recherche en Analyse des … - 2004
distinguish two cases: non-renewable resources and renewable resources. In the first case, we show that it is useful to construct … an index of scarcity, which is the product of the level of technical know-how and the aggregate stock of resources … consumption, by substituting knowledge for natural resources. In the case of renewable resources, we show that the optimal policy …