Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/56384
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dc.contributor.authorMitra, Tapanen_US
dc.contributor.authorAsheim, Geir B.en_US
dc.contributor.authorBuchholz, Wolfgangen_US
dc.contributor.authorWithagen, Cees A.en_US
dc.date.accessioned2012-03-21en_US
dc.date.accessioned2012-03-29T09:24:17Z-
dc.date.available2012-03-29T09:24:17Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/56384-
dc.description.abstractThe 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.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper: Resource and Environment Economics |x3758en_US
dc.subject.jelO10en_US
dc.subject.jelQ32en_US
dc.subject.ddc330en_US
dc.subject.keywordsustainabilityen_US
dc.subject.keywordmaximinen_US
dc.subject.stwErschöpfbare Ressourcenen_US
dc.subject.stwRessourcenökonomiken_US
dc.subject.stwNachhaltige Entwicklungen_US
dc.subject.stwMathematische Optimierungen_US
dc.subject.stwTheorieen_US
dc.titleCharacterizing the sustainability problem in an exhaustible resource modelen_US
dc.typeWorking Paperen_US
dc.identifier.ppn68892297Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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