Indefinitely Sustained Consumption Despite Exhaustible Natural Resources.

B-Tier
Journal: Economic Theory
Year: 1991
Volume: 1
Issue: 2
Pages: 119-46

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper analyzes the feasibility of sustaining uniformly positive consumption forever--even when flows of exhaustible resources are an indispensable input. The main result is a characterization of an economy's capability for sustaining such consumption--under quite general maintained assumptions on technology--in terms of a single, simple capital-resource substitution condition.

Technical Details

RePEc Handle
repec:spr:joecth:v:1:y:1991:i:2:p:119-46
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25