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Sustainability and substitution of exhaustible natural resources : how resource prices affect long-term R&D-investments

Bretschger, Lucas; Smulders, Sjak - 2006 - Revised version

Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R&D-based endogenous growth model with exhaustible...

Persistent link: https://www.econbiz.de/10011793158

Natural resource scarcity and long-run development : central mechanisms when conditions are seemingly unfavourable

Bretschger, Lucas - 2005

Using a dynamic model with non-renewable natural resources and endogenous knowledge creation, the paper analyses economic development under conditions which are generally considered as most unfavourable. We assume poor substitution between primary input factors, positive population growth and a...

Persistent link: https://www.econbiz.de/10011793168

Sustainability and substitution of exhaustible natural resources : how resource prices affect long-term R&D investments

Bretschger, Lucas; Smulders, Sjak - 2003

limited, which seems to be crucial for today's sustainability debate. …

Persistent link: https://www.econbiz.de/10011592713

Intergenerational transfers, lifetime welfare and resource preservation

Valente, Simone - 2006

This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...

Persistent link: https://www.econbiz.de/10003459197

Human capital, resource constraints and intergenerational fairness

Valente, Simone - 2007

This paper studies an endogenous growth model with human capital, exhaustible resources, and overlapping generations. Under laissez-faire, higher study time reduces depletion rates by increasing the share of re- sources that present generations are willing to sell to successors. However, selfish...

Persistent link: https://www.econbiz.de/10003761243

Adapting Energy and Environmental Policy for Climate Change

Flatt, Victor Byers - 2012

The United States has long suffered from a schizophrenia about energy policy. The importance of one of the factors in energy policy, the environment, has never been formally defined. Climate change adds another distinct layer to this complexity, as neither energy policies nor environmental...

Persistent link: https://www.econbiz.de/10013098993

Social License to Operate : Legitimacy by Another Name?

Gehman, Joel - 2017

Social license to operate is an increasingly used but seldom defined concept. In this article, we draw from academic, popular, and industry literature to identify and synthesize three models of social license to operate. Building on our review, we investigate the linkages between social license...

Persistent link: https://www.econbiz.de/10012957782

Infinite Horizon Dynamic Optimization With Unbounded Returns : Necessity, Sufficiency, Existence, Uniqueness, Convergence and a Sequence of Counterexamples

Wiszniewska-Matyszkiel, Agnieszka - 2018

In this paper, we state sufficiency, necessity, convergence, existence and uniqueness results for infinite horizon optimal control problems with unbounded payoffs in which the assumptions are very weak and there are no topological assumptions about the model components. We also state a sequence...

Persistent link: https://www.econbiz.de/10012907112

Weak and Strong Sustainability in the SEEA : Concepts and Measurement

Dietz, Simon - 2010

, United Nations.), can be used to measure weak and strong sustainability. We emphasise the importance of understanding the … conceptual differences between weak and strong sustainability. We then outline what we consider to be current best practice in … design not meant to provide clear guidelines for the purpose of measuring sustainability in either its weak or strong version …

Persistent link: https://www.econbiz.de/10012760455

On Technical Change in the Elasticities of Resource Inputs

Growiec, Jakub - 2015

This article considers an economy whose production function takes both renewable and non-renewable resources as inputs. We extend the current literature by allowing for exogenous technical change in the elasticity of substitution between these two types of resources. In addition, we study the...

Persistent link: https://www.econbiz.de/10012707952

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