Dynamique des ressources renouvelables et actualisation endogène

El Hadji Fall

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

Abstract: This paper develops a simple model of optimal growth with renewable resource and endogenous discounting. Relaxing the time-additivity preference hypothesis allows to make endogenous the rate of time preference and to reconsider the dynamics of models with concave resource. The possibility of multiples equilibria with thresholds is examinated in this setup. It is also underlined the importance of initial conditions, particularly in terms of environmental resource, on the long run dynamic of economies

Keywords: Renewable resource; growth; endogenous discounting; multiple equilibria (search for similar items in EconPapers)
JEL-codes: C62 D63 D90 E6 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2005-12
New Economics Papers: this item is included in nep-ene, nep-env and nep-mac
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Dynamique des ressources renouvelables et actualisation endogène (2005)
Working Paper: Dynamique des ressources renouvelables et actualisation endogène (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:v05084

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