@techreport{Mitra2012Characterizing,
abstract = {The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a complete technological characterization of the sustainability problem in this model without reference to the time path. As a byproduct we show general existence of a maximin optimal path under weaker conditions that those employed in previous work. Our proofs yield new insights into the meaning and significance of Hartwick's reinvestment rule.},
address = {M\"{u}nchen},
author = {Tapan Mitra and Geir B. Asheim and Wolfgang Buchholz and Cees A. Withagen},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O10; Q32; 330; sustainability; maximin; Ersch\"{o}pfbare Ressourcen; Ressourcen\"{o}konomik; Nachhaltige Entwicklung; Mathematische Optimierung; Theorie},
language = {eng},
number = {3758},
publisher = {CESifo},
title = {Characterizing the sustainability problem in an exhaustible resource model},
type = {CESifo working paper: Resource and Environment Economics},
url = {http://hdl.handle.net/10419/56384},
year = {2012}
}
