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Constant savings rates and quasi-arithmetic population growth under exhaustible resource constraints

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dc.creator Asheim, Geir B.
dc.creator Buchholz, Wolfgang
dc.creator Hartwick, John M.
dc.creator Mitra, Tapan
dc.creator Withagen, Cees A.
dc.date 2005
dc.date.accessioned 2013-10-16T07:02:29Z
dc.date.available 2013-10-16T07:02:29Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19037
dc.identifier ppn:503710040
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19037
dc.description 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 utilitarianism (with constant elasticity of marginal utility) under quasiarithmetic population growth, then the (gross and net of population growth) savings rates converge asymptotically to constants.
dc.language eng
dc.relation CESifo working papers 1573
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject Q10
dc.subject Q32
dc.subject ddc:330
dc.subject constant savings rate
dc.subject quasi-arithmetic population growth
dc.subject Sparquote
dc.subject Bevölkerungswachstum
dc.subject Kapitalbilanz
dc.subject Natürliche Ressourcen
dc.subject Wachstumstheorie
dc.title Constant savings rates and quasi-arithmetic population growth under exhaustible resource constraints
dc.type doc-type:workingPaper


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