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Renewable resources in an overlapping generations economy without capital

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Saddles, indeterminacy and bifurcations in an overlapping generations economy with a renewable resource

Koskela, Erkki; Ollikainen, Markku; Puhakka, Mikko - 2000

The authors incorporate a renewable resource into an overlapping generations model with standard, well behaved utility and constant returns to scale production functions. Besides being a factor of production the resource serves as a store of value. They characterize dynamics, efficiency and...

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Saddles, indeterminacy and bifurcations in an overlapping generations economy with a renewable resource

Koskela, Erkki; Ollikainen, Markku; Puhakka, Mikko - 2000

Persistent link: https://www.econbiz.de/10001465931

Renewable resources in an overlapping generations economy without capital

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Renewable resources in an overlapping generations economy without capital

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Saddles, indeterminacy and bifurcations in an overlapping generations economy with a renewable resource

Koskela, Erkki (contributor); Ollikainen, Markku (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001652361

Saddles, indeterminacy and bifurcations in an overlapping generations economy with a renewable resource

Koskela, Erkki; Ollikainen, Markku; Puhakka, Mikko - 2000

We incorporate a renewable resource into an overlapping generations model with standard, well-behaved utility and constant returns to scale production functions. Besides being a factor of production the resource serves as a store of value. We characterize dynamics, efficiency and stability of...

Persistent link: https://www.econbiz.de/10009781575