Capital depreciation and waste accumulation in capital-resource economies

Rintaro Yamaguchi and Kazuhiro Ueta

MPRA Paper from University Library of Munich, Germany

Abstract: In this note, we investigate how the depreciation of a manufactured stock and the related accumulation of a waste stock can alter the optimal path of the capital-resource economy. It is shown that the optimal consumption path is aected by how the disuse pattern of the manufactured stock in question is distributed, specifically with forward-looking terms.

Keywords: capital depreciation; waste accumulation; capital-resource model; optimal control (search for similar items in EconPapers)
JEL-codes: C61 Q01 Q32 Q53 (search for similar items in EconPapers)
Date: 2010-02-22
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/23786/1/MPRA_paper_23786.pdf original version (application/pdf)

Related works:
Journal Article: Capital depreciation and waste accumulation in capital-resource economies (2011)
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:pra:mprapa:23786

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().