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Bibliographic Data
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310715
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20150706095013.AM
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040
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$aSTII-DOST
090
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$aScienceDirect
100
1#
$aMirman, Leonard J.
100
1#
$aTo, Ted
245
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$aStrategic resource extraction,capital accumulation and overlapping generations$cby Leonard J. Mirman and Ted To
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$aAmsterdam$bElsevier Inc.$c2005
300
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$apages 378-386$bcomputer file; text; 202kb
504
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$aIncludes bibliographical references
520
3#
$aThe standard resource extraction framework assumes infinitely lived agents and yields an overfishing result. For some applications,a finite time horizon may be more appropriate. A direct extension of the Levhari–Mirman model to overlapping generations yields an extreme overfishing result. Alternatively, we assume young and old specialize,and respectively fish and supply capital. In this model,under some circumstances there may well be under-utilization of natural resources. However,for a given production technology,if there are a sufficiently large number of agents,overfishing always results.04
650
a
Social sciences04
650
a
Renewable resource04
650
a
Overlapping generations04
650
a
Rule, Golden
852
a
DOST$bSTII$hScienceDirect$jNONPRINTS$kNP$p14-15258$t1$x14-15258$yOnline/Download$12010-11-30
991
w
NONPRINTS
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
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