On competitive equitable paths under exhaustible resource constraints: The case of a growing population

Tapan Mitra

International Journal of Economic Theory, 2008, vol. 4, issue 1, 53-76

Abstract: The paper examines the nature of competitive paths in an exhaustible resource model, which allows for a growing population. For competitive paths that are equitable in the sense that the per capita consumption level is constant over time, the implicit investment rule is derived. This is seen to be a generalization of Hartwick's rule, obtained in the case of a stationary population. It is also shown that the existence of a competitive equitable path implies that a population can experience at most quasi‐arithmetic growth.

Date: 2008
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1111/j.1742-7363.2007.00068.x

Related works:
Working Paper: On Competitive Equitable Paths under Exhaustible Resource Constraints: The Case of a Growing Population (2007)
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:bla:ijethy:v:4:y:2008:i:1:p:53-76

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1742-7355

Access Statistics for this article

International Journal of Economic Theory is currently edited by Kazuo Nishimura and Makoto Yano

More articles in International Journal of Economic Theory from The International Society for Economic Theory
Bibliographic data for series maintained by Wiley Content Delivery ().