Review of Economic Studies Vol. 45 No. 2 1978
Substitution Among Exhaustible Resources and Intergenerational Equity
Abstract
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
- Issue
- 2
- Pages
- 347
- Sources
- crossref openalex