Steady state levels of population and per capita income are examined using a Becker-Barro (1988) style of model of an economy with identical altruistic parents bearing costly children who receive bequests of capital and land. Inspired by the work of North (1981) and others, the problem of open access land with ancillary negative effects on private (but not public) productivity of capital is examined. It is seen that open access to land can lead to overpopulation in a ceteris paribus sense, and yet yield a steady-state population below that which would exist in a regime of complete private property rights, a situation with higher stead-state utility. A specific example is explored to illustrate the relationships between the steady-state levels of endogenous variables and parameter values.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Volume (Year): 26 (2000) Issue (Month): 4 (Fall) Pages: 419-429 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Contact details of provider: Postal: c/o Iona College, 715 North Avenue, New Rochelle, New York 10801-1890 USA Phone: (914) 633-2088 Fax: (914) 633-2549 Email: Web page: http://www.iona.edu/eea/ More information through EDIRC
Find related papers by JEL classification: D64 - Microeconomics - - Welfare Economics - - - Altruism O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models D62 - Microeconomics - - Welfare Economics - - - Externalities J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends and Forecasts
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Stokey, Nancy L, 1998.
"Are There Limits to Growth?,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 1-31, February.
Samuelson, Paul A, 1975.
"The Optimum Growth Rate for Population,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 16(3), pages 531-38, October.
[Downloadable!] (restricted)