On the peaking of consumption with exhaustible resources and zero net investment

被引：11

作者：

Hartwick, JM ^{[1
]}

Van Long, N

Tian, HL

机构：

[1] Queens Univ, Dept Econ, Kingston, ON K7L 3N6, Canada

[2] McGill Univ, Dept Econ, Montreal, PQ H3A 2T5, Canada

[3] Univ Toronto, Dept Econ, Toronto, ON M5S 1A1, Canada

来源：

ENVIRONMENTAL & RESOURCE ECONOMICS | 2003年 / 24卷 / 03期

关键词：

consumption peak; net investment zero;

D O I：

10.1023/A:1022986119310

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate an intertemporal model with an exhaustible resource inflow which exhibits a single peak in consumption on the path of development. The peak follows the date at which net investment is zero. The "top" of consumption is higher and flatter and peaks later when the discount rate is lower. "Low" endowments of the exhaustible resource stock (and "high" discount rates) are associated with strictly declining consumption paths.

引用

页码：235 / 244

页数：10