Ressources renouvelables et quotas d'exploitation dans un modèle à générations imbriquées

Pierre-André Jouvet and Gilles Rotillon

Recherches économiques de Louvain, 2005, vol. 71, issue 1, 117-130

Abstract: We consider a transferable quotas market in order to manage a renewable resource in an overlapping generations framework. Each agent can use or not the quotas that he or she possesses in the production process. The use of the quotas in the production process leads to their destruction and also leads to reduce the stock of resource; the non-use of the quotas allows their owner to resell them in the second time period on the financial market. We show that the resource management with a market of quotas is possible only for some initial resource level. In this case, quotas allows to a unique steady state equilibrium for any choice of quotas allocation.

Date: 2005
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Working Paper: Ressources renouvelables et quotas d’exploitation dans un modèle à générations imbriquées (2005)
Working Paper: Ressources renouvelables et quotas d’exploitation dans un modèle à générations imbriquées (2003)
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