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Carte Intertemporal Resource Economics Karl Farmer

Intertemporal Resource Economics

An Introduction to the Overlapping Generations Approach

Autor: Karl Farmer, Birgit Bednar-Friedl
Limbă: engleză
Legare: Copertă tare
Editura: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Disponibilitate: În depozitul extern în cantități mici
Expediem în 13-18 zile
581.70 lei
This monograph provides a concise introduction to the overlapping generations approach to the intert...

Informații despre carte

Autor
Karl Farmer, Birgit Bednar-Friedl
Limbă
engleză
Legare
Carte - Copertă tare
Publicat
2010
Pagini
173
EAN
9783642132285
ISBN
3642132286
Enbook ID
01655904
Editura
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Greutate
970
Dimensiuni
155 x 235 x 20

Descriere completă

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 them. Finite lifetimes, generations overlap and competing natural and man-made capital facilitate long-run intergenerational inefficiency and inequity (unsustainability) of market allocations. While avoiding any presumption of either doomsday or a golden age, the book investigates the structural and institutional preconditions needed to ensure that renewable resources are used efficiently and equitably across generations. The primary aim of this book is to provide an easy-to-follow guide to the analytically much more demanding journal literature. This is achieved by using the same model type throughout and by adhering to functional specifications allowing for explicit equilibrium solutions.

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