Intertemporal Resource Economics

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Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach

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.

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关键词：Economics Economic resource temporal Source Economics resource

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