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Optimal population without repugnant aspects

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Author Info

  • MICHEL, Philippe

    (IUF and GREQAM, Université de Méditerranée)

  • PESTIEAU , Pierre

    ()
    (CREPP, Université de Liège and CORE, Université de Louvain)

Abstract

This paper addresses the issue of optimum population with two concerns : avoiding both the absolute repugnant solution that amounts to givingg to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decreases with income. To avoid these two solutions, we introduce a critical level of utility that depends on individuals’ marginal income.

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File URL: http://alfresco.uclouvain.be/alfresco/download/attach/workspace/SpacesStore/3cd3e5b6-6e6e-4165-972a-fdfa350e7619/coredp_1996_54.pdf
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Bibliographic Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1996054.

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Date of creation: 01 Oct 1996
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Handle: RePEc:cor:louvco:1996054

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Related research

Keywords: Economic Welfare; Intertemporal choices and growth; Demographic Economics;

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