Optimal population and exhaustible resource constraints
نویسندگان
چکیده
منابع مشابه
Constant Savings Rates and Quasi- Arithmetic Population Growth under Exhaustible Resource Constraints
In the Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion we show the following equivalence: If an efficient path has constant (gross and net of population growth) savings rates, then population growth must be quasi-arithmetic and the path is a maximin or a classical utilitarian optimum. Conversely, if a path is optimal according to maximin or classical utilitaria...
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The exhaustible-resource monopsony problem provides a basis for understanding the dynamic relationship between resource importers and suppliers. We find that the mere presence of a substitute supply creates a time-inconsistency problem for the monopsonist. When the buyer can commit to delaying the arrival of the substitute, he obtains a substantial reduction in resource prices but not enough as...
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We analyze oligopolistic exhaustible-resource depletion when firms can trade forward contracts on deliveries, a market structure prevalent in most resource commodity markets. When market interactions become arbitrarily frequent, all stocks are contracted and subgame-perfect equilibrium allocation becomes perfectly competitive. The result is in contrast with the idea that forward markets can hel...
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ژورنال
عنوان ژورنال: Journal of Population Economics
سال: 2017
ISSN: 0933-1433,1432-1475
DOI: 10.1007/s00148-017-0665-9