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Renewable Resources in an Overlapping Generations Economy Without Capital

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  • Koskela, Erkki
  • Ollikainen, Markku
  • Puhakka, Mikko
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

    Volume (Year): 43 (2002)
    Issue (Month): 3 (May)
    Pages: 497-517

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    Handle: RePEc:eee:jeeman:v:43:y:2002:i:3:p:497-517

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    Web page: http://www.elsevier.com/locate/inca/622870

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    1. Cass, David, 1972. "On capital overaccumulation in the aggregative, neoclassical model of economic growth: A complete characterization," Journal of Economic Theory, Elsevier, Elsevier, vol. 4(2), pages 200-223, April.
    2. Lucas, Robert E, Jr, 1978. "Asset Prices in an Exchange Economy," Econometrica, Econometric Society, Econometric Society, vol. 46(6), pages 1429-45, November.
    3. Mourmouras, Alex, 1993. "Conservationist government policies and intergenerational equity in an overlapping generations model with renewable resources," Journal of Public Economics, Elsevier, Elsevier, vol. 51(2), pages 249-268, June.
    4. Brock, W.A., 1990. "Overlapping generations models with money and transactions costs," Handbook of Monetary Economics, Elsevier, in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 1, chapter 7, pages 263-295 Elsevier.
    5. John, A & Pecchenino, R, 1994. "An Overlapping Generations Model of Growth and the Environment," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 104(427), pages 1393-1410, November.
    6. Olson, Lars J. & Roy, Santanu, 1996. "On Conservation of Renewable Resources with Stock-Dependent Return and Nonconcave Production," Journal of Economic Theory, Elsevier, Elsevier, vol. 70(1), pages 133-157, July.
    7. William A. Brock, 1982. "Asset Prices in a Production Economy," NBER Chapters, National Bureau of Economic Research, Inc, in: The Economics of Information and Uncertainty, pages 1-46 National Bureau of Economic Research, Inc.
    8. Shell, Karl, 1971. "Notes on the Economics of Infinity," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 79(5), pages 1002-11, Sept.-Oct.
    9. Gregroy Amacher & Richard Brazee & Erkki Koskela & Markku Ollikainen, 1999. "Taxation, Bequests, and Short and Long Run Timber Supplies: An Overlapping Generations Problem," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 13(3), pages 269-288, April.
    10. Olson, Lars J. & Knapp, Keith C., 1997. "Exhaustible Resource Allocation in an Overlapping Generations Economy," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 32(3), pages 277-292, March.
    11. Mourmouras, Alex, 1991. " Competitive Equilibria and Sustainable Growth in a Life-Cycle Model with Natural Resources," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 93(4), pages 585-91.
    12. Sweeney, James L., 1993. "Economic theory of depletable resources: An introduction," Handbook of Natural Resource and Energy Economics, Elsevier, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 17, pages 759-854 Elsevier.
    13. Karl-Gustaf Löfgren, 1991. "Another reconciliation between economists and forestry experts: OLG-arguments," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 1(1), pages 83-95, March.
    14. Kemp, Murray C & Long, Ngo Van, 1979. "The Under- Exploitation of Natural Resources: A Model with Overlapping Generations," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 55(150), pages 214-21, September.
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    Cited by:
    1. Bréchet, Thierry & Lambrecht, Stéphane, 2011. "Renewable resource and capital with a joy-of-giving resource bequest motive," Resource and Energy Economics, Elsevier, Elsevier, vol. 33(4), pages 981-994.
    2. BRECHET, Thierry & LAMBRECHT, Stéphane, 2005. "Puzzling over sustainability: an equilibrium analysis," CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) 2005001, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Angelo Antoci & Paolo Russu & Elisa Ticci, 2008. "Distributive impact of structural change: does environmental degradation matter?," Working Papers - Economics, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa wp2008_07.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    4. Erkki Koskela & Markku Ollikainen & Mikko Puhakka, 2008. "SaddleS and BifurcationS in an Overlapping GenerationS Economy with a Renewable Resource," Finnish Economic Papers, Finnish Economic Association, Finnish Economic Association, vol. 21(1), pages 3-21, Spring.
    5. Birgit Bednar-Friedl & Karl Farmer, 2013. "Time consuming resource extraction in an overlapping generations economy with capital," Journal of Economics, Springer, Springer, vol. 110(3), pages 203-224, November.
    6. Gutiérrez Huerta, María José & Iza Padilla, María Amaya & Agnani, Betty, 2004. "Growth in Overlapping Generation Economies with Non-Renewable Resources," DFAEII Working Papers 2002-22, University of the Basque Country - Department of Foundations of Economic Analysis II.
    7. Voosholz, Frauke, 2013. "Inter-generational distribution of resources in a model of economic growth: Taking the land vs. food trade-off into account," CAWM Discussion Papers, Center of Applied Economic Research Münster (CAWM), University of Münster 70, Center of Applied Economic Research Münster (CAWM), University of Münster.
    8. Koskela, Erkki & Ollikainen, Markku & Puhakka, Mikko, 2002. "Saddles, Indeterminacy and Bifurcations in an Overlapping Generations Economy with a Renewable Resource," Discussion Papers, The Research Institute of the Finnish Economy 789, The Research Institute of the Finnish Economy.
    9. Lúdvík Elíasson & Stephen J. Turnovsky, 2002. "Renewable Resources In An Endogenously Growing Economy: Balanced Growth And Transitional Dynamics," Economics, Department of Economics, Central bank of Iceland wp20_ludvik, Department of Economics, Central bank of Iceland.
    10. José Ramón Ruiz Tamarit & Manuel Sánchez Moreno, 2006. "Optimal Regulation And Growth In A Natural-Resource-Based Economy," Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) 2006-21, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    11. Birgit Bednar–Friedl & Karl Farmer, 2014. "Existence and efficiency of stationary states in a renewable resource based OLG model with different harvest costs," Graz Economics Papers, University of Graz, Department of Economics 2014-07, University of Graz, Department of Economics.
    12. Zhang Wei-Bin, 2011. "Economic Growth And Dynamics Of Renewable Resource With Housing, Agricultural And Resource Land Use," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 6(2), pages 151-174, August.
    13. Farmer, Michael C., 2005. "Environmental consequences of social security reform: a second best threat to public conservation," Ecological Economics, Elsevier, Elsevier, vol. 53(2), pages 191-209, April.
    14. Tarui, Nori, 2004. "Common-Property Resource Use And Outside Options: Cooperation Across Generations In A Dynamic Game," 2004 Annual meeting, August 1-4, Denver, CO, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 20029, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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