Sustainable Consumption and Uncertainty

Mukul Majumdar

Chapter 12 in Sustainability and Resources:Theoretical Issues in Dynamic Economics, 2020, pp 245-278 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionLiving off a Wealth FundThe deterministic case: A linear modelA stochastic linear modelA nonlinear return functionWater Crisis and Sustainable ConsumptionRandom walkA Lindley–Spitzer processComplements and Details

Keywords: Sustainability; Renewable Resources; Intergenerational Equity; Dynamic Efficiency; Extinction; Complexity; Planning Revision; Long Run Optimality; Non-Convexity; Critical Conservation Stock; Ramsey-Euler Condition; Exhaustible Resources; Optimal Extraction; Technological Choice; Wealth Fund; Water Management; Uncertainty (search for similar items in EconPapers)
JEL-codes: C01 Q01 (search for similar items in EconPapers)
Date: 2020
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