This 2012 perspective of the 1987 Palgrave entry on ‘turnpike theory’ highlights the subsequent development of the subject in the light of a critical re-reading of the original. It distinguishes the 1949 conception, a response of Samuelson to a 1945 von Neumann challenge to the...

This account of turnpike theorems concentrates on the discrete time model, descended from the early von Neumann growth model and the Dosso model. It portrays the current state of the theory under the following five headings: (i) a turnpike in the von Neumann model, (ii) a turnpike in the Ramsey...

The paper provides a continuous-time version of the discrete-time Mitra–Wan model of optimal forest management, where trees are harvested to maximize the utility of timber flow over an infinite time horizon. The available trees and the other parameters of the problem vary continuously with...

In a general discrete time model of optimal forest management where land may be diverted to alternative use and stocks of standing trees may yield flow benefits, we investigate the economic and ecological conditions under which optimal paths lead to (total) deforestation i.e., complete long term...

We incorporate a renewable resource as a factor of production and store of value into an overlapping generations model. We characterize dynamics and stability of steady state equilibria by introducing the concave resource growth function. The nature of equilibria in the presence of...

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...

We present a simple and transparent construction that furnishes, for any pre-chosen dynamic, particular instances of the 2-sector version of the Robinson–Solow–Srinivasan model that yield the chosen dynamic, including optimal topologically chaotic programs and those that exhibit cycles of...

A growing number of case studies and reports suggest that Information and Communication Technologies (ICT) play an important role in fighting against deforestation, and the penetration of ICT help decrease deforestation in a different part of world's forests. The aim of this study is to test...

A growing number of case studies and reports suggest that Information and Communication Technologies (ICT) play an important role in fighting against deforestation, and the penetration of ICT help decrease deforestation in a different part of world's forests. The aim of this study is to test...