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On the attainment of the maximum sustainable yield in the Verhulst-Lotka-Volterra model
Lambertini, Luca; Leitmann, George - 2017
Cournot behaviour and perfect competition, to revisit the tragedy of commons vs the possibility of sustainable harvesting. We …
Persistent link: https://www.econbiz.de/10011819343
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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
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Economic analysis, sustainability and environmental commons
Musu, Ignazio - 2013
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/10010223360
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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
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Sustainable Use of Renewable Resources
Beltratti, Andrea; Chichilnisky, Graciela; Heal, Geoffrey M. - 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
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Sustainable Use of Renewable Resources
Heal, Geoffrey M.; Chichilnisky, Graciela; Beltratti, Andrea - 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/10014045179
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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
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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
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The Determinants of an Optimal Social Discount Rate in the Management of a Non Renewable Natural Resource
Bella, Giovanni - 2007
A model of optimal discounting in presence of non renewable resource extraction is presented here. By means of a two-step optimal control problem, we derive the determinants of the social discount rate that a hypothetical social planner should set to drive the economy towards a path where...
Persistent link: https://www.econbiz.de/10014053664
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Time scale Externalities and the management of renewable resources
Vardas, Giannis; Xepapadeas, Anastasios - 2015
The evolution of renewable resources is characterized in many cases by different time scales where some state variables such as biomass, may evolve relatively faster than other state variables such as carrying capacity. Ignoring this time scale separation means that a slowly changing variable is...
Persistent link: https://www.econbiz.de/10010501940