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Dynamique des ressources renouvelables et actualisation endogène

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Abstract

This paper develops a simple model of optimal growth with renewable resource and endogenous discounting. Relaxing the time-additivity preference hypothesis allows to make endogenous the rate of time preference and to reconsider the dynamics of models with concave resource. The possibility of multiples equilibria with thresholds is examinated in this setup. It is also underlined the importance of initial conditions, particularly in terms of environmental resource, on the long run dynamic of economies.

Suggested Citation

  • El Hadji Fall, 2005. "Dynamique des ressources renouvelables et actualisation endogène," Cahiers de la Maison des Sciences Economiques v05084, Université Panthéon-Sorbonne (Paris 1).
  • Handle: RePEc:mse:wpsorb:v05084
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    File URL: ftp://mse.univ-paris1.fr/pub/mse/cahiers2005/V05084.pdf
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    Cited by:

    1. Yanase, Akihiko, 2011. "Impatience, pollution, and indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1789-1799, October.

    More about this item

    Keywords

    Renewable resource; growth; endogenous discounting; multiple equilibria.;

    JEL classification:

    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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