d'Autume, Antoine; Schubert, Katheline - In: Journal of Environmental Economics and Management 56 (2008) 3, pp. 260-274
This paper studies the maximin paths of the canonical Dasgupta-Heal-Solow model when the stock of natural capital is a direct argument of well-being, besides consumption. Hartwick's rule then appears as an efficient tool to characterize solutions in a variety of settings. We start with the case...