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Optimal population without repugnant aspects

Author

Listed:
  • MICHEL, Philippe

    (IUF and GREQAM, Université de Méditerranée)

  • PESTIEAU , Pierre

    () (CREPP, Université de Liège and CORE, Université de Louvain)

Abstract

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.

Suggested Citation

  • MICHEL, Philippe & PESTIEAU , Pierre, 1996. "Optimal population without repugnant aspects," CORE Discussion Papers 1996054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvco:1996054
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    File URL: https://uclouvain.be/en/research-institutes/immaq/core/dp-1996.html
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    Keywords

    Economic Welfare; Intertemporal choices and growth; Demographic Economics;

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D9 - Microeconomics - - Micro-Based Behavioral Economics
    • J1 - Labor and Demographic Economics - - Demographic Economics

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