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Renewable Resources in an Overlapping Generations Economy Without Capital

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  • Koskela, Erkki
  • Ollikainen, Markku
  • Puhakka, Mikko

Abstract

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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Suggested Citation

  • Koskela, Erkki & Ollikainen, Markku & Puhakka, Mikko, 2002. "Renewable Resources in an Overlapping Generations Economy Without Capital," Journal of Environmental Economics and Management, Elsevier, vol. 43(3), pages 497-517, May.
    • Handle: RePEc:eee:jeeman:v:43:y:2002:i:3:p:497-517
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    More about this item

    JEL classification:

    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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