SOME FURTHER ECONOMICS OF EASTER ISLAND: ADDING SUBSISTENCE AND RESOURCE CONSERVATION

John Pezzey and John M. Anderies

No 125835, 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia from Australian Agricultural and Resource Economics Society

Abstract: We extend Brander-Taylor's model of development on Easter Island by adding a resource subsistence requirement to people's preferences, and a conservation incentive in the form of a revenue-neutral, ad valorem tax on resource consumption. Adding subsistence improves plausibility; makes overshoot and collapse of population more extreme, and the steady state less stable; and allows for the possibility that statue building and erection will suddenly stop, in line with the archaeological evidence. We explore a tax rate path which could have almost completely prevented overshoot, and conjecture that the overall strength of this path must rise when the subsistence level rises.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 29
Date: 2001-01
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https://ageconsearch.umn.edu/record/125835/files/Pezzey4.pdf (application/pdf)

Related works:
Working Paper: Some Further Economics of Easter Island: Adding Subsistence and Resource Conservation (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare01:125835

DOI: 10.22004/ag.econ.125835

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