Intertemporal Resource Economics: An Introduction to the Overlapping Generations Approach


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Asthesubtitle ofthepresentbookannounces,ourintentionisto provideanint- duction to the not so widespread overlappinggenerationsapproach to intertemporal resource economics. It is introductory in that utility and production functions are functionally speci ed such that the interested reader can derive explicit solutions to intertemporal general equilibria. However, we do not primarily aim at enhancing the reader's skill of solving general equilibrium models-we rather aim at prov- ing the tools for coping with analytically much more advanced dynamic general equilibriummodelswith renewable natural resources,published in leading journals.

This book emerged out of lectures of the rst author within the master programs of the University of Life Sciences in Vienna and at Karl-Franzens-University of Graz. Product details Format Hardback pages Dimensions x x Illustrations note 10 Tables, black and white; X, p.

Introduction to Dynamic Macroeconomic Theory

Back cover copy 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.

Gesamtwerk

This is achieved by using the same model type throughout the book and by adhering to functional specifications that allow for explicit equilibrium solutions. Table of contents Basics.

Theory of a Two-Period Consumption Model

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

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