Optimal population without repugnant aspects
This paper addresses the issue of optimum population with two concerns : avoiding both the absolute repugnant solution that amounts to givingg to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decreases with income. To avoid these two solutions, we introduce a critical level of utility that depends on individuals’ marginal income.
|Date of creation:||01 Oct 1996|
|Date of revision:|
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