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Renewable Resources and Economic Sustainability: A Dynamic Analysis with Heterogeneous Time Preferences
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Cited by:
- Winkler, Ralph, 2009.
"Now or Never: Environmental Protection under Hyperbolic Discounting,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-22.
- Ralph Winkler, 2006. "Now or Never: Environmental Protection under Hyperbolic Discounting," CER-ETH Economics working paper series 06/60, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Winkler, Ralph, 2009. "Now or Never: Environmental Protection under Hyperbolic Discounting," Economics Discussion Papers 2009-4, Kiel Institute for the World Economy (IfW Kiel).
- Price, Colin, 2018. "Declining discount rate and the social cost of carbon: Forestry consequences," Journal of Forest Economics, Elsevier, vol. 31(C), pages 39-45.
- Fujii, Tomoki & Karp, Larry, 2008. "Numerical analysis of non-constant pure rate of time preference: A model of climate policy," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 83-101, July.
- Eliasson, Ludvik & Turnovsky, Stephen J., 2004.
"Renewable resources in an endogenously growing economy: balanced growth and transitional dynamics,"
Journal of Environmental Economics and Management, Elsevier, vol. 48(3), pages 1018-1049, November.
- Lúdvík Elíasson & Stephen J. Turnovsky, 2002. "Renewable Resources In An Endogenously Growing Economy: Balanced Growth And Transitional Dynamics," Economics wp20_ludvik, Department of Economics, Central bank of Iceland.
- Imre Dobos & Peter Tallos, 2013. "A dynamic input-output model with renewable resources," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 21(2), pages 295-305, March.
- Ivar Ekeland & Yiming Long & Qinglong Zhou, 2015. "A New Class of Problems in the Calculus of Variations," Papers 1511.00065, arXiv.org.
- Mouez Fodha, 2015.
"Nuclear waste storage and environmental intergenerational externalities,"
International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 18(1/2), pages 94-114.
- Mouez Fodha, 2015. "Nuclear waste storage and environmental intergenerational externalities," Post-Print insu-01105358, HAL.
- Mouez Fodha, 2015. "Nuclear waste storage and environmental intergenerational externalities," PSE-Ecole d'économie de Paris (Postprint) insu-01105358, HAL.
- Mouez Fodha, 2015. "Nuclear waste storage and environmental intergenerational externalities," PSE - Labex "OSE-Ouvrir la Science Economique" insu-01105358, HAL.
- John Creedy & Ross Guest, 2008. "Sustainable Preferences and Damage Abatement:Value Judgments and Implications for Consumption Streams," Department of Economics - Working Papers Series 1026, The University of Melbourne.
- Hepburn, Cameron & Koundouri, Phoebe & Panopoulou, Ekaterini & Pantelidis, Theologos, 2009.
"Social discounting under uncertainty: A cross-country comparison,"
Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 140-150, March.
- Cameron Hepburn & Phoebe Koundouri & Ekaterini Panopoulou & Theologos Pantelidis, 2006. "Social Discounting Under Uncertainty: A cross-country comparison," The Institute for International Integration Studies Discussion Paper Series iiisdp177, IIIS.
- Wirl, Franz, 2004. "Sustainable growth, renewable resources and pollution: Thresholds and cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 28(6), pages 1149-1157, March.
- Antony Millner, 2013. "On Welfare Frameworks and Catastrophic Climate Risks," CESifo Working Paper Series 4442, CESifo.
- Knoke, Thomas & Gosling, Elizabeth & Paul, Carola, 2020. "Use and misuse of the net present value in environmental studies," Ecological Economics, Elsevier, vol. 174(C).
- Geoffrey Heal & Antony Millner, 2013.
"Discounting under Disagreement,"
NBER Working Papers
18999, National Bureau of Economic Research, Inc.
- Geoffrey Heal & Antony Millner, 2013. "Discounting under disagreement," GRI Working Papers 112, Grantham Research Institute on Climate Change and the Environment.
- Ropars-Collet, Carole, 2012.
"Nuisible ou gibier? Une analyse économique de la chasse des grands animaux en France,"
Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 92(02), pages 161-181, October.
- Carole Ropars-Collet & Philippe Le Goffe, 2011. "Nuisible ou gibier ? Une analyse économique de la chasse des grands animaux en France," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 92(2), pages 161-181.
- Carole Ropars-Collet & Philippe Le Goffe, 2009. "Nuisible ou gibier ? Une analyse économique de la chasse des grands animaux en France," Working Papers SMART 09-18, INRAE UMR SMART.
- Carole Ropars-Collet & Philippe Le Goffe, 2009. "Nuisible ou gibier ? Une analyse économique de la chasse des grands animaux en France," Post-Print hal-00730031, HAL.
- David Pearce & Ben Groom & Cameron Hepburn & Phoebe Koundouri, 2003. "Valuing the Future: Recent advances in social discounting," DEOS Working Papers 0308, Athens University of Economics and Business.
- Pedro Conceição, Yanchun Zhang and Romina Bandura, 2007. "Brief on Discounting in the Context of Climate Change Economics," Human Development Occasional Papers (1992-2007) HDOCPA-2007-19, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
- Michielsen, T.O., 2013. "Environmental Catastrophes Under Time-inconsistent Preferences," Other publications TiSEM 921f1ff7-67c9-45bc-968d-7, Tilburg University, School of Economics and Management.
- Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2010.
"Assessing the economic viability of alternative water resources in water-scarce regions: Combining economic valuation, cost-benefit analysis and discounting,"
Ecological Economics, Elsevier, vol. 69(4), pages 839-847, February.
- Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2009. "Assessing the economic viability of alternative water resources in water-scarce regions: Combining economic valuation, cost-benefit analysis and discounting," IFPRI discussion papers 908, International Food Policy Research Institute (IFPRI).
- Wirl, Franz & Feichtinger, Gustav, 2005. "History dependence in concave economies," Journal of Economic Behavior & Organization, Elsevier, vol. 57(4), pages 390-407, August.
- Nicoleta Anca Matei & Claudio Zoli, 2012. "Restricted Finite Time Dominance," Working Papers 30/2012, University of Verona, Department of Economics.
- Di Corato, Luca, 2012.
"Optimal conservation policy under imperfect intergenerational altruism,"
Journal of Forest Economics, Elsevier, vol. 18(3), pages 194-206.
- Luca Di Corato, 2011. "Optimal Conservation Policy Under Imperfect Intergenerational Altruism," Working Papers 2011.89, Fondazione Eni Enrico Mattei.
- Di Corato, Luca, 2011. "Optimal Conservation Policy under Imperfect Intergenerational Altruism," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114440, European Association of Agricultural Economists.
- Di Corato, Luca, 2011. "Optimal Conservation Policy Under Imperfect Intergenerational Altruism," Climate Change and Sustainable Development 120022, Fondazione Eni Enrico Mattei (FEEM).
- Brazee, Richard J., 2018. "Impacts of declining discount rates on optimal harvest age and land expectation values," Journal of Forest Economics, Elsevier, vol. 31(C), pages 27-38.
- José Manuel Madeira Belbute & Paulo Brito, 2009. "On the Relation Between the Endogenous Growth Rate of the Economy and the Dynamics of Renewable Resources," Economics Working Papers 07_2009, University of Évora, Department of Economics (Portugal).
- Ludvik Eliasson, 2004.
"Resource Policy in an Endogenously Growing Economy,"
Economics
wp25_ludvik, Department of Economics, Central bank of Iceland.
- Lúdvík Elíasson, 2004. "Resources Policy in an Endogenously Growing Economy," DEGIT Conference Papers c009_034, DEGIT, Dynamics, Economic Growth, and International Trade.
- Ross Guest, 2011. "Social time preference and the optimal carbon price," Applied Economics Letters, Taylor & Francis Journals, vol. 18(12), pages 1163-1166.
- John Creedy & Hemant Passi, 2018.
"Public Sector Discount Rates: A Comparison of Alternative Approaches,"
Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(1), pages 139-157, March.
- John Creedy & Hemant Passi, 2017. "Public Sector Discount Rates: A Comparison of Alternative Approaches," Treasury Working Paper Series 17/02, New Zealand Treasury.
- Le Kama, Alain Ayong & Schubert, Katheline, 2007.
"A Note On The Consequences Of An Endogenous Discounting Depending On The Environmental Quality,"
Macroeconomic Dynamics, Cambridge University Press, vol. 11(2), pages 272-289, April.
- Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," PSE-Ecole d'économie de Paris (Postprint) halshs-00206326, HAL.
- Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," Post-Print halshs-00206326, HAL.
- Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00206326, HAL.
- Karp, Larry, 2007.
"Non-constant discounting in continuous time,"
Journal of Economic Theory, Elsevier, vol. 132(1), pages 557-568, January.
- Karp, Larry S., 2004. "Non-Constant Discounting in Continuous Time," CUDARE Working Papers 25050, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Karp, L, 2007. "Non-constant discounting in continuous time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt8d52f6w7, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry, 2005. "Non-Constant Discounting in Continuous Time," Institute for Research on Labor and Employment, Working Paper Series qt0nn1t22z, Institute of Industrial Relations, UC Berkeley.
- Karp, Larry, 2004. "Non-Constant Discounting in Continuous Time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7pr05084, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry, 2005. "Non-Constant Discounting in Continuous Time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt0nn1t22z, Department of Agricultural & Resource Economics, UC Berkeley.
- Gerlagh, Reyer & Keyzer, Michiel A., 2003. "Efficiency of conservationist measures: an optimist viewpoint," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 310-333, September.
- Weikard, Hans-Peter & Zhu, Xueqin, 2005. "Discounting and environmental quality: When should dual rates be used?," Economic Modelling, Elsevier, vol. 22(5), pages 868-878, September.
- Winston W. Chang, 2017. "World Trade and the Environment: Issues and Policies," Pacific Economic Review, Wiley Blackwell, vol. 22(3), pages 435-479, August.
- Ross Guest, 2014. "Optimal Pollution Abatement Under ‘Sustainable’ and Other Social Time Preferences," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(3), pages 373-390, July.
- Terrence Iverson & Scott Denning & Sammy Zahran, 2015. "When the long run matters," Climatic Change, Springer, vol. 129(1), pages 57-72, March.
- Wirl, Franz, 2004. "Thresholds in concave renewable resource models," Ecological Economics, Elsevier, vol. 48(2), pages 259-267, February.
- Karp, Larry, 2005.
"Global warming and hyperbolic discounting,"
Journal of Public Economics, Elsevier, vol. 89(2-3), pages 261-282, February.
- Karp, Larry S., 2004. "Global Warming and Hyperbolic Discounting," CUDARE Working Papers 25069, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Karp, Larry, 2004. "Global Warming and Hyperbolic Discounting," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5zh730nc, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry, 2005. "Global warming and hyperbolic discounting," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1n62c5cc, Department of Agricultural & Resource Economics, UC Berkeley.
- Fujii, Tomoki & Karp, Larry S., 2006.
"Numerical Analysis of Non-Constant Discounting with an Application to Renewable Resource Management,"
CUDARE Working Papers
7199, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Fujii, Tomoki & Karp, Larry, 2006. "Numerical Analysis of Non-Constant Discounting with an Application to Renewable Resource Management," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt74q473v8, Department of Agricultural & Resource Economics, UC Berkeley.
- Hansen, Anders Chr., 2006. "Do declining discount rates lead to time inconsistent economic advice?," Ecological Economics, Elsevier, vol. 60(1), pages 138-144, November.
- Michielsen, T.O., 2013. "Environmental Catastrophes Under Time-inconsistent Preferences," Discussion Paper 2013-013, Tilburg University, Center for Economic Research.
- Karbowski, Adam, 2016. "Discussion on the Social Rate of Discount: from Sen to Behavioural Economics," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 9(2), pages 46-60.
- Antony Millner & Geoffrey Heal, 2014.
"Resolving intertemporal conflicts: Economics vs. Politics,"
GRI Working Papers
173, Grantham Research Institute on Climate Change and the Environment.
- Antony Millner & Geoffrey Heal, 2014. "Resolving Intertemporal Conflicts: Economics vs Politics," NBER Working Papers 20705, National Bureau of Economic Research, Inc.
- Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
- Ben Groom & Cameron Hepburn & Phoebe Koundouri & David Pearce, 2007.
"Implications of declining discount rates: Climate Change Policy in the UK,"
DEOS Working Papers
0702, Athens University of Economics and Business.
- Groom, Ben & Hepburn, Cameron & Koundouri, Phoebe & Pearce, David, 2007. "Implications of declining discount rates: Climate Change Policy in the UK," MPRA Paper 38428, University Library of Munich, Germany.
- Hepburn, Cameron J. & Koundouri, Phoebe, 2007. "Recent advances in discounting: Implications for forest economics," Journal of Forest Economics, Elsevier, vol. 13(2-3), pages 169-189, August.
- Phoebe Koundouri, 2004.
"Econometrics Informing Natural Resources Management:Selected Empirical Analyses,"
DEOS Working Papers
0401, Athens University of Economics and Business.
- Koundouri, Phoebe, 2004. "Econometrics Informing Natural Resources Management:Selected Empirical Analyses," MPRA Paper 38234, University Library of Munich, Germany.
- Price, Colin & Sjølie, Hanne Kathrine & Caurla, Sylvain & Yousefpour, Rasoul & Meilby, Henrik, 2020. "Optimal rotations with declining discount rate: incorporating thinning revenues and crop formation costs in a cross-European comparison," Forest Policy and Economics, Elsevier, vol. 118(C).
- Phoebe Koundouri, 2008. "The Case for Declining Long-Term Discount Rates in the Evaluation of Flood-Defence Investments," DEOS Working Papers 0805, Athens University of Economics and Business.
- Sjögren, Tomas, 2016. "Age Dependent Discount Rates, Time Inconsistent Behavior and Welfare Measurement," Umeå Economic Studies 934, Umeå University, Department of Economics.
- Cameron Hepburn & Greer Gosnell, 2014. "Evaluating impacts in the distant future: cost–benefit analysis, discounting and the alternatives," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 9, pages 140-159, Edward Elgar Publishing.
- Luc Lauwers, 2016.
"Intergenerational Equity, Efficiency, and Constructibility,"
Studies in Economic Theory, in: Graciela Chichilnisky & Armon Rezai (ed.), The Economics of the Global Environment, pages 191-206,
Springer.
- Luc Lauwers, 2012. "Intergenerational equity, efficiency, and constructibility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(2), pages 227-242, February.
- Luc LAUWERS, 2010. "Intergenerational equity, efficiency and constructability," Working Papers of Department of Economics, Leuven ces10.22, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Antony Millner & Geoffrey Heal, 2015. "Collective intertemporal choice: time consistency vs. time invariance," GRI Working Papers 220, Grantham Research Institute on Climate Change and the Environment.
- Xepapadeas, Anastasios, 2005. "Economic growth and the environment," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 23, pages 1219-1271, Elsevier.
- Kitti, Mitri, 2018. "Sustainable social choice under risk," Mathematical Social Sciences, Elsevier, vol. 94(C), pages 19-31.
- Faraz Farhidi, 2023. "Impact of fossil fuel transition and population expansion on economic growth," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(3), pages 2571-2609, March.
- Winkler, Ralph, 2006. "Does 'better' discounting lead to 'worse' outcomes in long-run decisions? The dilemma of hyperbolic discounting," Ecological Economics, Elsevier, vol. 57(4), pages 573-582, June.
- Juan M. Hernández & Carmelo J. León, 2013. "Welfare and Environmental Degradation in a Tourism-Based Economy," Tourism Economics, , vol. 19(1), pages 5-35, February.
- Thomas Michielsen, 2013. "Environmental Catastrophes under Time-Inconsistent Preferences," Working Papers 2013.55, Fondazione Eni Enrico Mattei.
- John Creedy & Ross Guest, 2008. "Discounting and the Time Preference Rate," The Economic Record, The Economic Society of Australia, vol. 84(264), pages 109-127, March.
- Ropars-Collet, Carole, 2011. "Nuisible ou gibier ? Une analyse économique de la chasse des grands animaux en France," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), Institut National de la Recherche Agronomique (INRA), vol. 92(2).
- Chuan-Zhong Li & Ranjula Bali Swain, 2016.
"Growth, Water Resilience, and Sustainability: A DSGE Model Applied to South Africa,"
Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 2(04), pages 1-23, December.
- Li, Chuan-Zhong & Bali Swain, Ranjula, 2014. "Growth, Water Resilience, and Sustainability: A DSGE Model Applied to South Africa," Working Paper Series 2014:11, Uppsala University, Department of Economics.
- Price, Colin, 6. "Optimal Rotation under Continually – or Continuously – Declining Discount Rate," Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, Scandinavian Society of Forest Economics, issue 42, April.
- Phoebe Koundouri & Ben Groom, 2009.
"Sustainability and the Economics of the Environment: Cost-Benefit Analysis and the Dynamics of the Long-Run Discount Rate,"
DEOS Working Papers
0903, Athens University of Economics and Business.
- Koundouri, Phoebe & Groom, Ben, 2009. "Sustainability and the Economics of the Environment: Cost-Benefit Analysis and the Dynamics of the Long-Run Discount Rate," MPRA Paper 38278, University Library of Munich, Germany.
- Freeman, Mark C. & Groom, Ben, 2016.
"How certain are we about the certainty-equivalent long term social discount rate?,"
Journal of Environmental Economics and Management, Elsevier, vol. 79(C), pages 152-168.
- Mark C. Freeman & Ben Groom, 2013. "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers 138, Grantham Research Institute on Climate Change and the Environment.
- Eli P. Fenichel & Matthew J. Kotchen & Ethan T. Addicott, 2017. "Even the Representative Agent Must Die: Using Demographics to Inform Long-Term Social Discount Rates," NBER Working Papers 23591, National Bureau of Economic Research, Inc.
- Yamaguchi, Rintaro, 2012. "Discounting, Distribution and Disaggregation," MPRA Paper 46322, University Library of Munich, Germany.
- Jian Zhang & Guishan Yang & Lijie Pu & Buzhuo Peng, 2014. "Trends and Spatial Distribution Characteristics of Sustainability in Eastern Anhui Province, China," Sustainability, MDPI, vol. 6(12), pages 1-17, November.
- Larry S. Karp, 2012. "Provision of a Public Good with Altruistic Overlapping Generations and Many Tribes," CESifo Working Paper Series 3895, CESifo.
- Gouhari, Saeeda & Forrest, Alan & Roberts, Michaela, 2021. "Cost-effectiveness analysis of forest ecosystem services in mountain areas in Afghanistan," Land Use Policy, Elsevier, vol. 108(C).
- Jouini, Elyès & Marin, Jean-Michel & Napp, Clotilde, 2010.
"Discounting and divergence of opinion,"
Journal of Economic Theory, Elsevier, vol. 145(2), pages 830-859, March.
- Elyès Jouini & Jean-Michel Marin & Clotilde Napp, 2010. "Discounting and Divergence of Opinion," Post-Print halshs-00176636, HAL.
- Giuseppe Di Vita, 2004. "Natural Resources Dynamics: Another Look," Working Papers 2004.110, Fondazione Eni Enrico Mattei.
- Aline Chiabai & Ibon Galarraga & Anil Markandya & Unai Pascual, 2013.
"The Equivalency Principle for Discounting the Value of Natural Assets: An Application to an Investment Project in the Basque Coast,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(4), pages 535-550, December.
- Aline Chiabai & Ibon Galarraga & Anil Markandya & Unai Pascual, 2011. "The Equivalency Principle for Discounting the Value of Natural Assets: An Application to an Investment Project in the Basque Coast," Working Papers 2011-10, BC3.
- Cameron Hepburn, 2003. "Hyperbolic Discounting and Resource Collapse," Economics Series Working Papers 159, University of Oxford, Department of Economics.
- Colin, Price, 2011. "Optimal rotation with declining discount rate," Journal of Forest Economics, Elsevier, vol. 17(3), pages 307-318, August.
- Maria Nijnik & Guillaume Pajot, 2014. "Accounting for uncertainties and time preference in economic analysis of tackling climate change through forestry and selected policy implications for Scotland and Ukraine," Climatic Change, Springer, vol. 124(3), pages 677-690, June.
- Rintaro Yamaguchi, 2013. "Discounting, Distribution and Disaggregation: Discount Rates for the Rich and the Poor with Climate as a Source of Utility," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(4), pages 440-459, September.
- Defrancesco, Edi & Gatto, Paola & Rosato, Paolo, 2014. "A ‘component-based’ approach to discounting for natural resource damage assessment," Ecological Economics, Elsevier, vol. 99(C), pages 1-9.
- Di Vita, Giuseppe, 2006. "Natural resources dynamics: Exhaustible and renewable resources, and the rate of technical substitution," Resources Policy, Elsevier, vol. 31(3), pages 172-182, September.