Optimal population without repugnant aspects

Philippe Michel and Pierre Pestieau

No 1996054, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper addresses the issue of optimum population with two concerns : avoiding both the absolute repugnant solution that amounts to givingg to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decreases with income. To avoid these two solutions, we introduce a critical level of utility that depends on individuals’ marginal income.

Keywords: Economic Welfare; Intertemporal choices and growth; Demographic Economics (search for similar items in EconPapers)
JEL-codes: D6 D9 J1 (search for similar items in EconPapers)
Date: 1996-10-01
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Related works:
Working Paper: Optimal population without repugnant aspects (1998)
Working Paper: Optimal Population Without Repugnant Aspects (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:1996054

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