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Control Number310715
Date and Time of Latest Transaction20150706095013.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameMirman, Leonard J.
 To, Ted
Title StatementStrategic resource extraction,capital accumulation and overlapping generations by Leonard J. Mirman and Ted To
Physical Descriptionpages 378-386 computer file; text; 202kb
Summary, Etc.The standard resource extraction framework assumes infinitely lived agents and yields an overfishing result. For some applications,a finite time horizon may be more appropriate. A direct extension of the Levhari–Mirman model to overlapping generations yields an extreme overfishing result. Alternatively, we assume young and old specialize,and respectively fish and supply capital. In this model,under some circumstances there may well be under-utilization of natural resources. However,for a given production technology,if there are a sufficiently large number of agents,overfishing always results.04
Subject Added Entry - Topical TermSocial sciences04
 Renewable resource04
 Overlapping generations04
 Rule, Golden
LocationDOST STII ScienceDirect NONPRINTS NP 14-15258 1 14-15258 Online/Download 2010-11-30
 
     
 
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Department of Science and Technology
Science and Technology Information InstituteScienceDirect
 
     
 
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