Hartwick, John; Long, Ngo Van; Tian, Huilan - In: Environmental & Resource Economics 24 (2003) 3, pp. 235-244
We investigate an intertemporal model with an exhaustible resource inflowwhich exhibits a single peak in consumption on the path of development. Thepeak follows the date at which net investment is zero. The ``top'' ofconsumption is higher and flatter and peaks later when the discount rate...