Capital Theory, Optimal Growth, and Efficiency Conditions with Exhaustible Resources
在多部门增长模型中推导了可再生和可耗竭资源的最优配置规则,特别关注利率与商品自身利率关系的扩展,对资源经济学和增长理论研究者有参考价值。
General concern about the scarcity of natural resources, including the present main sources of energy, leads to the following question addressed there: what should be the behavior of our societies if they are to use optimally over time both renewable and depletable resources. This paper derives rules of optimal allocation of resources in a multisectoral growth model. Attention is focused on the relations characterizing optimal allocations in such a model; it is shown, in particular, that all rules governing optimal-growth paths can be obtained through suitable extensions of the relation between the rate of interest and the own rate of a commodity. 13 references.