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Renewable Resources in an Overlapping Generations Economy without Capital

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Listed:
  • Koskela, E.
  • Ollikainen, M.
  • Puhakka, M.

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.

Suggested Citation

  • Koskela, E. & Ollikainen, M. & Puhakka, M., 1998. "Renewable Resources in an Overlapping Generations Economy without Capital," University of Helsinki, Department of Economics 436, Department of Economics.
    • Handle: RePEc:fth:helsec:436
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    References listed on IDEAS

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    More about this item

    Keywords

    NATURAL RESOURCES;

    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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