Author: | Gerlagh, R. Keyzer, M.A. |
Title: | Sustainability and the intergenerational distribution of natural resource entitlements |
Journal: | Journal of Public Economics
2001 : FEB, VOL. 79:2, p. 315-341 |
Index terms: | OVERLAPPING-GENERATIONS MODELS PROPERTY RIGHTS STEADY STATE MODELS SUSTAINABLE DEVELOPMENT |
Language: | eng |
Abstract: | The paper describes an OLG economy with a single exhaustible resource that has amenity value. The steady states of this economy form a continuum, implying path-dependency. Three policy scenarios are compared. |
SCIMA