We incorporate a renewable resource into an overlapping generations model without capital. Besides being an input for production the resource serves as the store of value. Dynamics, efficiency and stability of the steady state equilibria are characterized.
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Length: 23 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:helsec:436
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Find related papers by JEL classification: D90 - Microeconomics - - Intertemporal Choice and Growth - - - General Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
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