Growth with Exhaustible Resources and Endogenous Population
修改了Stiglitz(1974)模型中恒定人口增长率的假设，将人口增长率设为消费和人均资本的函数，发现这一改动使稳态在储蓄/收入比的一定范围内变得稳定。
Stiglitz (1974) examines the implications of introducing exhaustible natural resources as an essential factor of production in the standard neoclassical growth model with constant rate of population growth. He shows that, if a steady-state solution exists, it is a saddle-point. Hence, exhaustible resources have the effect of making an otherwise stable system highly unstable. In the present paper I argue that the assumption of a constant rate of population growth is implausible in an economy constrained by exhaustible resources, and examine the implications of making the population growth rate a function of consumption and capital per capita. This simple modification alters the characteristics of the steady state in a number of interesting ways. In particular, it turns out that the steady state is stable for a range of values of the saving/income ratio.