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Kniha Intertemporal Resource Economics Karl Farmer

Intertemporal Resource Economics

An Introduction to the Overlapping Generations Approach

Autor: Karl Farmer, Birgit Bednar-Friedl
Jazyk: Angličtina
Vazba: Pevná
Vydavatel: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Dostupnost: Skladem u dodavatele v malém množství
Odesíláme za 13-18 dnů
2 568 Kč
This monograph provides a concise introduction to the overlapping generations approach to the intert...

Informace o knize

Autor
Karl Farmer, Birgit Bednar-Friedl
Jazyk
Angličtina
Vazba
Kniha - Pevná
Vydáno
2010
Stránek
173
EAN
9783642132285
ISBN
3642132286
Enbook ID
01655904
Vydavatel
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Hmotnost
970
Rozměry
155 x 235 x 20

Kompletní popis

This monograph provides a concise introduction to the overlapping generations approach to the intertemporal economics of renewable natural resources. In contrast to the dominant infinitely-lived agent (ILA) approach it acknowledges that natural resources typically outlive the individuals who use them. Finite lifetimes, generations overlap and competing natural and man-made capital facilitate long-run intergenerational inefficiency and inequity (unsustainability) of market allocations. While avoiding any presumption of either doomsday or a golden age, the book investigates the structural and institutional preconditions needed to ensure that renewable resources are used efficiently and equitably across generations. The primary aim of this book is to provide an easy-to-follow guide to the analytically much more demanding journal literature. This is achieved by using the same model type throughout and by adhering to functional specifications allowing for explicit equilibrium solutions.

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