Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach - Rilegato
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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 out-live 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 the book and by adhering to functional specifications that allow for explicit equilibrium solutions.
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Informazioni sull?autore
Professor Dr. Karl Farmer, Department Chair Karl-Franzens-University, Graz, AustriaDr. Birgit Bednar-Friedl, Researcher, Wegener Center for Climate and Global Change, Karl-Franzens-University, Graz, Austria
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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 the book and by adhering to functional specifications that allow for explicit equilibrium solutions.
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Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach
Editore:
Springer, 2010
ISBN 10: 3642132286
ISBN 13: 9783642132285
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Da: killarneybooks, Inagh, CLARE, Irlanda
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Hardcover. Condizione: Near Fine. 1st Edition. Hardcover, x + 173 pages, NOT ex-library. Book looks unread, clean and bright throughout with unmarked text, free of inscriptions and stamps, firmly bound. Issued without a dust jacket. -- Contents [Introduction & Conclusions & References in each chapter]: Part I Basics 1 Introduction [Motivation; Natural Resources and the Economic Production Process; Natural Resources in the History of Economic Thought; Resource Scarcity, Market Equilibrium, Intergenerational Efficiency and Equity; General Equilibrium Models; Outline of the Book] 2 Economic Growth and Natural Resources [Economic Growth and the Use of Natural Resources: Differing Views; Political Economics of GDP Growth: A Digression; Economic Growth and Non-Renewable Resources: An Overview]; Part II Efficiency and Market Equilibrium under Resource Abundance 3 Intergenerational Efficiency in Log-linear Cobb-Douglas OLG Models [Log-Linear Cobb-Douglas OLG Economy; Intergenerational Efficiency; First Order Conditions for Short-Run Intergenerational Efficiency; Graphical Illustration of FOCs for Short-Run Intergenerationally Efficient Allocation] 4 Intertemporal Market Equilibrium and Short-Run Intergenerational Efficiency [Institutional Framework; Individual Optimization Problems; Market Clearing Conditions; Intertemporal Equilibrium Dynamics; Short-Run Intergenerational Efficiency of the Intertemporal Market Equilibrium] 5 Steady-State Market Equilibrium, Long-Run Intergenerational Efficiency, and Optimality [Steady-State Market Equilibrium; Long-Run Intergenerational Efficiency; Long-Run Intergenerational (In-)Efficiency of Steady-State Market Equilibrium; Intergenerational Efficiency versus Intergenerational Optimality; Steady-State Economic Growth and Resource Saving Technological Progress] Part III Efficiency and Market Equilibrium with Scarce Renewable Resources 6 Renewable Resources and Intergenerational Efficiency [Regeneration Function; Harvest Cost Function; Short-Run Intergenerationally Efficient Resource Harvesting; FOCs for Short-Run Intergenerational Efficiency; Long-Run Intergenerational Efficiency] 7 Intertemporal Market Equilibrium and Intergenerational Efficiency with Renewable Resources [Intertemporal Market Equilibrium with a Privately Owned Resource; Perfectly Competitive Markets with an Open-Access Renewable Resource; Market Equilibrium and Intergenerational Efficiency under Opposing Property Rights Regimes]; Part IV Intergenerational Equity and Market Equilibrium with Scarce Renewable Resources 8 Sustainable Economic Growth with Linear Resource Regeneration [Individual Optimization and Market Clearing under Linear Regeneration; Derivation of Intertemporal Equilibrium Dynamics; Intertemporal-Equilibrium and Steady-State Growth Rates; A Sustainable Economic Growth Path; Feasibility of Sustainable Growth and Sustainability Policy in Market Systems] 9 Steady-State Sustainability under Logistically Regenerating Resources [Log-Linear CD OLG Model with Logistic Regeneration; Intertemporal Equilibrium Dynamics; Existence of (Non-Trivial) Steady States; Stability of the Steady States; Saddle Paths Converging to the Non-Trivial Steady State]; Part V Shocks to Harvest Technology and Natural Regeneration 10 Resource Use with Physical Harvest Costs [An OLG model with Harvest Costs; Derivation of Intertemporal Equilibrium Loci; Existence of Non-Trivial Steady State; Long-Run Intergenerational Efficiency of Non-Trivial Steady State; Stability of Non-Trivial Steady State; Uniqueness of Non-Trivial Steady State; Appendix A: Individual Optimization and Market Clearing Conditions with Endogenous Labor Supply; Appendix B: Proof to Lemma 10.1] 11 Effects of Harvest Cost and Biological Shocks [Steady-State Effects of Cost and Biological Shocks; Transitional Dynamics towards the New Steady State; A Comparison of a Harvest Cost Push and a Biological Shock; Appendix: GAMS Code to Analyze the Model]; Index. Codice articolo 011256
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Farmer,K.:Intertemporal Resource Econom (eng)
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Intertemporal resource economics. An introduction to the overlapping generations approach.
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Heidelberg, Springer, 2010
ISBN 10: 3642132286
ISBN 13: 9783642132285
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Hardcover. 1st. ed. 173 S. Ehem. Bibliotheksexemplar mit Signatur und Stempel. GUTER Zustand, ein paar Gebrauchsspuren. Ex-library with stamp and library-signature. GOOD condition, some traces of use. 9783642132285 Sprache: Englisch Gewicht in Gramm: 550. Codice articolo 2215570
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Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach
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Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach
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Intertemporal Resource Economics
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Berlin Springer Berlin Heidelberg Springer Aug 2010, 2010
ISBN 10: 3642132286
ISBN 13: 9783642132285
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Da: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germania
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Buch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -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 the book and by adhering to functional specifications that allow for explicit equilibrium solutions. 173 pp. Englisch. Codice articolo 9783642132285
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Intertemporal Resource Economics
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Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. First monograph (advanced text book) using the overlapping generations approach to the economics of renewable natural resourcesClarifies the notion of intergenerational efficiency and applies it to intertemporal equilibria of market economies Enables the r. Codice articolo 5050120
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Intertemporal Resource Economics | An Introduction to the Overlapping Generations Approach
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Buch. Condizione: Neu. Intertemporal Resource Economics | An Introduction to the Overlapping Generations Approach | Karl Farmer (u. a.) | Buch | x | Englisch | 2010 | Springer | EAN 9783642132285 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu Print on Demand. Codice articolo 101141825
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Intertemporal Resource Economics : An Introduction to the Overlapping Generations Approach
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Springer, Berlin, Springer Berlin Heidelberg, Springer, 2010
ISBN 10: 3642132286
ISBN 13: 9783642132285
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Buch. Condizione: Neu. Druck auf Anfrage Neuware - Printed after ordering - 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 the book and by adhering to functional specifications that allow for explicit equilibrium solutions. Codice articolo 9783642132285
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Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach
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Hardcover. Condizione: Like New. Like New. book. Codice articolo ERICA79636421322866
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