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Dynamique des ressources renouvelables et actualisation endogène

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Author Info
El Hadji Fall () (EUREQua)

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Abstract

This paper develops a simple model of optimal growth with renewable resource and endogenous discounting. Relaxing the time-additivity preference hypothesis allows to make endogenous the rate of time preference and to reconsider the dynamics of models with concave resource. The possibility of multiples equilibria with thresholds is examinated in this setup. It is also underlined the importance of initial conditions, particularly in terms of environmental resource, on the long run dynamic of economies.

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File URL: ftp://mse.univ-paris1.fr/pub/mse/cahiers2005/V05084.pdf
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Publisher Info
Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Cahiers de la Maison des Sciences Economiques with number v05084.

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Length: 24 pages
Date of creation: Dec 2005
Date of revision:
Handle: RePEc:mse:wpsorb:v05084

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Related research
Keywords: Renewable resource growth endogenous discounting multiple equilibria.

Find related papers by JEL classification:
D90 - Microeconomics - - Intertemporal Choice and Growth - - - General
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium
E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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This page was last updated on 2008-7-25.

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