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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

Teaching Tools : A Common Property Experiment with a Renewable Resource

Hazlett, Denise - 2008

This series of three classroom experiments demonstrates the tragedy of the commons and suggests two possible solutions …

Persistent link: https://www.econbiz.de/10014069972

On the Impact of Trade in a Common Property Renewable Resource Oligopoly

Benchekroun, Hassan - 2019

We consider a common-pool renewable resource differential game. We show that within this dynamic oligopolistic framework, free trade may lead to a lower discounted sum of consumer surplus and of social welfare than autarky. Trade restrictions may be supported based on both resource conservation...

Persistent link: https://www.econbiz.de/10012869526

Fixed Instruments to Cope With Stock Externalities an Experimental Evaluation

Giordana, Gastón; Willinger, Marc - 2007

We evaluate the effectiveness of non optimal and temporally inconsistent incentive policies for regulating the exploitation of a renewable common-pool resource. The corresponding game is an N-person discrete-time deterministic dynamic game of T periods fixed duration. Three policy instruments...

Persistent link: https://www.econbiz.de/10014049011

An Intergenerational Common Pool Resource Experiment

Fischer, Maria-Elisabeth; Irlenbusch, Bernd; Sadrieh, … - 2004

Many renewable resources are in intergenerational common pools, exploited by one generation after another. In our experiment, the stock available to each generation depends on the extent of exploitation by previous generations and on resource's growth rate, which is either slow or fast. Subjects...

Persistent link: https://www.econbiz.de/10014071285

Sustainable Use of Renewable Resources

Beltratti, Andrea; Chichilnisky, Graciela; Heal, Geoffrey - 2014

We study paths which involve optimal use of a renewable resource under several alternative definitions of optimality, including the discounted utilitarian, Chichilnisky's, the Rawlsian and the green golden rule. Initially we consider an economy where the only good is the resource: subsequently,...

Persistent link: https://www.econbiz.de/10014029803

Sustainable Use of Renewable Resources

Heal, Geoffrey; Chichilnisky, Graciela; Beltratti, Andrea - 2014

Persistent link: https://www.econbiz.de/10014045179

When is it Optimal to Exhaust a Resource in a Finite Time?

Akao, Ken-Ichi; Farzin, Yeganeh Hossein - 2007

Exhaustion of a natural resource stock may be a rational choice for an individual and/or a community, even if a sustainable use for the resource is feasible and the resource users are farsighted and well informed on the ecosystem. We identify conditions under which it is optimal not to sustain...

Persistent link: https://www.econbiz.de/10014059817

Economic Analysis, Sustainability and Environmental Commons

Musu, Ignazio - 2021

When confronted with market weaknesses and failures determining sustainability problems for environmental common … factors at work in determining the role of institutions to deal with sustainability issues and explores the implications of … this wider approach in dealing with environmental commons, particularly with global environmental commons, discussing two …

Persistent link: https://www.econbiz.de/10013315644

Renewable Resource Use with Imperfect Self-Control

Werner, Katharina; Strulik, Holger - 2020

conservation, and sustainability and discuss policies to curb overuse and potential collapse of the resource due to present …

Persistent link: https://www.econbiz.de/10012287916