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Characterizing the sustainability problem in an exhaustible resource model
Mitra, Tapan; Asheim, Geir B.; Buchholz, Wolfgang; … - 2012
sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a … complete technological characterization of the sustainability problem in this model without reference to the time path. As a … byproduct we show general existence of a maximin optimal path under weaker conditions that those employed in previous work. Our …
Persistent link: https://www.econbiz.de/10010330259
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Characterizing the Sustainability Problem in an Exhaustible Resource Model
Tapan, Mitra; Asheim, Geir B.; Buchholz, Wolfgang; … - Økonomisk institutt, Universitetet i Oslo - 2012
sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a … complete technological characterization of the sustainability problem in this model without reference to the time path. As a … byproduct we show general existence of a maximin optimal path under weaker conditions that those employed in previous work. Our …
Persistent link: https://www.econbiz.de/10010785541
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Characterizing the sustainability problem in an exhaustible resource model
Mitra, Tapan; Asheim, Geir B.; Buchholz, Wolfgang; … - In: Journal of Economic Theory 148 (2013) 5, pp. 2164-2182
characterization result to establish general existence of a maximin path. …
Persistent link: https://www.econbiz.de/10011042939
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Characterizing the sustainability problem in an exhaustible resource model
Mitra, Tapan; Asheim, Geir B.; Buchholz, Wolfgang; … - In: Journal of economic theory 148 (2013) 5, pp. 2164-2182
Persistent link: https://www.econbiz.de/10010196156
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Maximin, viability and sustainability
Doyen, L.; Martinet, V. - In: Journal of economic dynamics & control 36 (2012) 9, pp. 1414-1430
Persistent link: https://www.econbiz.de/10009655662
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Sustainability of an economy relying on two reproducible assets
Cairns, Robert D.; Del Campo, Stellio; Martinet, Vincent - 2017
sustainability objective. As a first step toward the derivation of such shadow values for a maximin objective, this paper studies an …Evaluating the sustainability of a society requires a system of shadow or accounting values derived from the … substitutability and perfect complementarity. The degree of substitutability has strong effects on the maximin solution, affecting the …
Persistent link: https://www.econbiz.de/10011597303
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Sustained Development of a Population and a Resource
Tian, Huilan; Cairns, Robert D. - Australian Agricultural and Resource Economics Society … - 2006
The dynamics of a population and a resource are investigated in a maximin model based on Brander and Taylor …’s stylization of Easter Island, in order to consider the sustainability of the society represented. There are continua of both … regular and non-regular maximin solutions, the type depending on the initial conditions. A non-regular maximin steady state …
Persistent link: https://www.econbiz.de/10010880583
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Intergenerational Justice when Future Worlds Are Uncertain
Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Cowles Foundation for Research in Economics, Yale University - 2009
Suppose that there exists a positive (exogenous) probability that at each date of a possibly infinite future, the human species will disappear. We postulate an Ethical Observer (EO) who must solve an intertemporal welfare maximization problem under this kind of uncertainty, with preferences that...
Persistent link: https://www.econbiz.de/10005196022
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Maximin, viability and sustainability
Doyen, L.; Martinet, V. - In: Journal of Economic Dynamics and Control 36 (2012) 9, pp. 1414-1430
the sustainability of economic trajectories which differ from the maximin path. Attention is especially paid to non … sustainability in imperfect economies, based on maximin prices. …The maximin criterion defines the highest utility level that can be sustained in an intergenerational equity …
Persistent link: https://www.econbiz.de/10010599369
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The triple bottom line: Meeting ecological, economic and social goals with individual transferable quotas
Péreau, J.-C.; Doyen, L.; Little, L.R.; Thébaud, O. - In: Journal of Environmental Economics and Management 63 (2012) 3, pp. 419-434
the feasibility conditions under which a fishery manager can achieve sustainability objectives which simultaneously … stock, we compute the maximin effort for a given set of agents and we derive the maximal number of active agents for a given …
Persistent link: https://www.econbiz.de/10010576573