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This paper takes sustainability to be a matter of intergenerational welfare equality and examines whether an optimal development path can also be sustainable. It argues that the general "zero-net-aggregate-investment" condition for an optimal development path to be sustainable in the sense of...
Persistent link: https://www.econbiz.de/10010312409
Persistent link: https://www.econbiz.de/10010229688
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between equilibrium, viability and optimality mathematical frameworks. It ends up by identifying new major challenges among …
Persistent link: https://www.econbiz.de/10010846149
viable path. This result allows us to extend the recommendations of the maximin approach beyond optimality, to characterize …
Persistent link: https://www.econbiz.de/10010599369
result allows us to extend the maximin approach beyond optimality and characterize the sustainability of other economic …
Persistent link: https://www.econbiz.de/10008677884
This paper takes sustainability to be a matter of intergenerational welfare equality and examines whether an optimal development path can also be sustainable. It argues that the general “zero-net-aggregate-investment” condition for an optimal development path to be sustainable in the sense...
Persistent link: https://www.econbiz.de/10005230804
We study the effects of energy saving technological progress and substitution of renewable energy resources with non-renewable resources on natural resource depletion and long run growth. We develop a growth model in two-period overlapping generations framework incorporating the presence of both...
Persistent link: https://www.econbiz.de/10010894785