Intertemporal Resource Economics An Introduction to the Overlapping Generations Approach /

• Main Authors: Farmer, Karl. (Author), Bednar-Friedl, Birgit. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2010.
• Subjects: Economics.; Environmental economics.; Economics/Management Science.; Environmental Economics.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-13229-2

This monograph provides a concise introduction to the overlapping generations approach to the intertemporal economics of renewable natural resources. In contrast to the dominant infinitely-lived agent (ILA) approach it acknowledges that natural resources typically outlive the individuals who use the...

Table of Contents:

• Part I: Basics
• 1 Introduction
• 2 Economic Growth and Natural Resources
• Part II: Efficiency and Market Equilibrium under Resource Abundance
• 3 Intergenerational Efficiency in Log-Linear Cobb-Douglas OLG Models
• 4 Intertemporal Market Equilibrium and Short-Run Intergenerational Efficiency
• 5 Steady-State Market Equilibrium, Long-Run Intergenerational Efficiency, and Optimality
• Part III: Efficiency and Market Equilibrium with Scarce Renewable Resources
• 6 Renewable Resources and Intergenerational Efficiency
• 7 Intertemporal Market Equilibrium and Intergenerational Efficiency with Renewable Resources
• Part IV: Intergenerational Equity and Market Equilibrium with Scarce Renewable Resources
• 8 Sustainable Economic Growth with Linear Resource Regeneration
• 9 Steady-State Sustainability under Logistically Regenerating Resources
• Part V: Shocks to Harvest Technology and Natural Regeneration
• 10 Resource Use with Physical Harvest Costs
• 11 Effects of Harvest Cost and Biological Shocks
• Index.