Ressources épuisables et substitut

Gilles Rotillon

Annals of Economics and Statistics, 1991, issue 23, 13-33

Abstract: We study a model with an exhaustible resource and a substitute which is not a backstop technology. We focuse our attention on the optimal policy of consumption which is described by a Ramsey's rule as in the seminal paper of Dasgupta and Heal [1974] but with a discount rate which is not always larger than the discount rate in the case without substitute. We interpret and comment this result.

Date: 1991
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/20075832 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1991:i:23:p:13-33

Access Statistics for this article

Annals of Economics and Statistics is currently edited by Laurent Linnemer

More articles in Annals of Economics and Statistics from GENES Contact information at EDIRC.
Bibliographic data for series maintained by Secretariat General () and Laurent Linnemer ().