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Persistent link: https://www.econbiz.de/10001470221
each agent generates negative externalities on the other agents, by depleting the free access natural resource; but it also … produces positive externalities by increasing the productivity of labour via a learning-by-doing mechanism of accumulation of …-dominated by others where aggregate private consumption and labour productivity are lower. However, negative externalities can also …
Persistent link: https://www.econbiz.de/10014067325
Einen Kern der Energiewende bildet der Ausbau Erneuerbarer Energien in Deutschland. Be-sonders im Strombereich greifen dabei EU-, Bundes-, Landes- und Kommunalpolitik sowie bürgerschaftliches Engagement eng ineinander, allerdings nicht immer reibungslos. Ziel dieser Studie ist es, bestimmte...
Persistent link: https://www.econbiz.de/10011824022
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
In "The Tragedy of the Commons," Garrett Hardin argues that those who can use a resource for free consume more of it … commons is a temporal phenomenon and not just a physical one …
Persistent link: https://www.econbiz.de/10014244432
We investigate renewable resources when the harvesting agents face self-control problems. Individuals are conceptualized as dual selves. The rational long-run self plans for the infinite future while the affective short-run self desires to maximize instantaneous profits. Depending on the degree...
Persistent link: https://www.econbiz.de/10012302852
A fundamental problem for an economy based on a common property resource is the absence of a market to trade the resource. This implies that private costs are below social costs. This paper investigates possible government interventions that correct for such distortions in a neoclassical growth...
Persistent link: https://www.econbiz.de/10014134500
A fundamental problem for an economy based on a common property resource is the absence of a market to trade the resource. This implies that private costs are below social costs. This paper investigates possible government interventions that correct for such distortions in a neoclassical growth...
Persistent link: https://www.econbiz.de/10014099327
In this paper, the expansion of private production erodes the quality of commonly owned goods, thereby forcing individuals to rely increasingly on private goods to satisfy their needs. In the face of this deterioration, households keep their labour supplies and saving rates relatively high in...
Persistent link: https://www.econbiz.de/10011608554
The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic...
Persistent link: https://www.econbiz.de/10010350794