Cyrus Chu, C.Y.; Lai, Ching-Chong; Liao, Chih-Hsing - In: International Review of Economics & Finance 34 (2014) C, pp. 161-174
The collapsing scenario of Easter Island has been analyzed by Brander and Taylor (1998) as a predator–prey model in a Malthusian world, in which the household is only concerned with its instantaneous utility. This paper develops an endogenous growth model with a renewable resource and analyzes...