Intertemporal resource economics. An introduction to the overlapping generations approach.

Farmer, Karl:

ISBN 10: 3642132286 / ISBN 13: 9783642132285

Editore: Heidelberg, Springer, 2010

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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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Titolo: Intertemporal resource economics. An ...

Casa editrice: Heidelberg, Springer

Data di pubblicazione: 2010

Legatura: Hardcover

Edizione: 1st. ed.

Descrizione articolo

Riassunto:

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.

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