Substitution Among Exhaustible Resources and Intergenerational Equity
Review of Economic Studies
1978
In Hartwick [3], it was shown that implicit in Solow's [10] model of intergenerational equity and exhaustible resources was the savings-investment rule: society should invest in re-producible capital precisely the current returns from the use of flows ofexhaustible resources in order to maintain per capita consumption constant. Population was assumed to remain
- DOI
- 10.2307/2297349
- Volume
- 45 (2)
- Pages
- 347
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- BibTeX
- Sources
- crossref openalex