Ressources renouvelables et quotas d'exploitation dans un modèle à générations imbriquées
AbstractWe consider a transferable quotas market in order to manage a renewable resource in an overlapping generations framework. Each agent can use or not the quotas that he or she possesses in the production process. The use of the quotas in the production process leads to their destruction and also leads to reduce the stock of resource; the non-use of the quotas allows their owner to resell them in the second time period on the financial market. We show that the resource management with a market of quotas is possible only for some initial resource level. In this case, quotas allows to a unique steady state equilibrium for any choice of quotas allocation.
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Bibliographic InfoArticle provided by De Boeck Université in its journal Recherches économiques de Louvain.
Volume (Year): 71 (2005)
Issue (Month): 1 ()
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Web page: http://www.cairn.info/revue-recherches-economiques-de-louvain.htm
Other versions of this item:
- Pierre-André JOUVET & Gilles ROTILLON, 2005. "Ressources renouvelables et quotas d’exploitation dans un modèle à générations imbriquées," Discussion Papers (REL - Recherches Economiques de Louvain) 2005015, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Pierre-André Jouvet & Gilles Rotillon, 2003. "Ressources renouvelables et quotas d’exploitation dans un modèle à générations imbriquées," THEMA Working Papers 2003-16, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- D92 - Microeconomics - - Intertemporal Choice - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
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