Jouvet, Pierre-André; Rotillon, Gilles - In: Recherches économiques de Louvain 71 (2005) 1, pp. 117-130
We consider a transferable quotas market in order to manage a renewable resource in an overlapping generations framework. Each agent can use or not the quotas that he or she possesses in the production process. The use of the quotas in the production process leads to their destruction and also...
