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people realize that the carrying capacity of the ecosystem was limited, as were the resources. In the long run, scientific … and technological progress can constantly discover new energy and resources. Findings - However, in every specific stage … of human society, the energy and resources crises are always a severe challenge that human beings should face. It is the …
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We derive the Green Golden Rule (GGR) in the Habit Formation (HF) and Anticipation of Future Consumption (AFC) frameworks. Since consumption is the key variable of GGR, time non-separabilities in preferences over consumption streams, given by the AFC and HF, may have important impacts on the...
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This article incorporates a political decision process into an urban land use model to predict the likely location of a public good. It fills an important gap in the literature by modeling the endogenous location of open space. The article compares open space decisions made under a...
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