CONSERVATIONIST GOVERNMENT POLICIES AND INTERGENERATIONAL EQUITY IN AN OVERLAPPING GENERATIONS MODEL WITH RENEWABLE RESOURCES
成果类型：
Article; Proceedings Paper
署名作者：
MOURMOURAS, A
署名单位：
University System of Ohio; University of Cincinnati
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(93)90088-B
发表日期：
1993
页码：
249-268
关键词：
摘要：
This paper shows that in overlapping generations models incorporating renewable natural resources, competition may lead to perpetually declining living standards in environments in which it is technically feasible to achieve intergenerationally equitable distributions of consumption. First- and second-best conservationist government policies are examined. These include forced nationalization of the entire stock of natural capital, government open market purchases and sales of natural capital, taxation of industrial use of resources, and subsidies to private investments in natural capital.
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