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Intertemporal Equity and Hartwick's Rule in an Exhaustible Resource Model

Buchholz, Wolfgang and Dasgupta, Swapan and Mitra, Tapan (2005) Intertemporal Equity and Hartwick's Rule in an Exhaustible Resource Model. The Scandinavian Journal Of Economics 107 (3), pp. 547-561.

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Abstract

In a standard exhaustible resource model, it is known that if, along a competitive path, investment in the augmentable capital good equals the rents on the exhaustible resource (known as Hartwick's rule), then the path is equitable in the sense that the consumption level is constant over time. In this paper, we show the converse of this result: if a competitive path is equitable, then it must ...

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Item Type:Article
Date:September 2005
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Finanzwissenschaft (Prof. Dr. Wolfgang Buchholz)
Identification Number:
ValueType
10.1111/j.1467-9442.2005.00422.xDOI
Subjects:300 Social sciences > 330 Economics
Status:Published
Refereed:Unknown
Created at the University of Regensburg:Unknown
Owner: Petra Gürster
Deposited On:12 Dec 2008 11:11
Last Modified:05 Aug 2009 13:49
Item ID:5144
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