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Ressources renouvelables et incertitude sur lespréférences des générations futures

Author

Listed:
  • Alain Ayong Le Kama

    (Université de Lille, Sciences et Technologies)

  • Katheline Schubert

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

The attitude of future generations towards environmental assets may well be different from ours. Even if we are tempted to believe that their sensitivity to environmental matters will be greater than ours, because of environmental depletion, we cannot make sure of that. This paper analyses the consequences of an uncertainty about future preferences in terms of the optimal consumption of a renewable resource in a very simple set-up. Will uncertainty lead to a more conservatice attitude towards the resource? We show that this is the case only when we expect now that future generations will be on average more sensitive than we are to the consumption of the resource. We also show that when we take this uncertainty into account the optimal path of consumption is deeply modified: not only does it become non-continuous but also it can becomenon-monotonous.

Suggested Citation

  • Alain Ayong Le Kama & Katheline Schubert, 2006. "Ressources renouvelables et incertitude sur lespréférences des générations futures," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00206513, HAL.
    • Handle: RePEc:hal:cesptp:halshs-00206513
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00206513
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    Cited by:

    1. Alain Ayong Le Kama & Mouez Fodha, 2009. "Stockage des déchets radioactifs et incertitude," Economie & Prévision, La Documentation Française, vol. 0(4), pages 39-52.
    2. Ayong Le Kama, Alain & Fodha, Mouez & Lafforgue, Gilles, 2009. "Optimal Carbon Capture and Storage Policies," TSE Working Papers 09-095, Toulouse School of Economics (TSE).
    3. Alain Ayong Le Kama & Mouez Fodha, 2008. "Optimal nuclear waste burial policy under uncertainty," Documents de travail du Centre d'Economie de la Sorbonne v08092, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.

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