Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach - Hardcover

Farmer, Karl; Bednar-Friedl, Birgit

 
9783642132285: Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach
Hardcover
ISBN 10: 3642132286 ISBN 13: 9783642132285
Verlag: Springer, 2010

Inhaltsangabe

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 the book and by adhering to functional specifications that allow for explicit equilibrium solutions.

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Über die Autorin bzw. den Autor

Professor Dr. Karl Farmer, Department Chair Karl-Franzens-University, Graz, AustriaDr. Birgit Bednar-Friedl, Researcher, Wegener Center for Climate and Global Change, Karl-Franzens-University, Graz, Austria

Von der hinteren Coverseite

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 the book and by adhering to functional specifications that allow for explicit equilibrium solutions.

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Verlag
Springer
Erscheinungsdatum
2010
Sprache
Englisch
ISBN 10 
3642132286
ISBN 13 
9783642132285
Einband
Gebundene Ausgabe
Anzahl der Seiten
183
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9783642436826: Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach

Vorgestellte Ausgabe

ISBN 10:  364243682X ISBN 13:  9783642436826
Verlag: Springer, 2014
Softcover