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Dynamique des ressources renouvelables et actualisation endogène

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  • El Hadji Fall

    ()
    (EUREQua)

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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Bibliographic 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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Keywords: Renewable resource; growth; endogenous discounting; multiple equilibria.;

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Cited by:
  1. Yanase, Akihiko, 2011. "Impatience, pollution, and indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1789-1799, October.

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