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Dynamique des ressources renouvelables et actualisation endogène

Author

Listed:
  • El Hadji Fall

    (EUREQUA - Equipe Universitaire de Recherche en Economie Quantitative - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper develops a simple model of optimal growth with renewable resource and endogenous discounting. Relaxing the time-additivity preference hypothesis allows to make endogenous the rate of time preference and to reconsider the dynamics of models with concave resource. The possibility of multiples equilibria with thresholds is examinated in this setup. It is also underlined the importance of initial conditions, particularly in terms of environmental resource, on the long run dynamic of economies.

Suggested Citation

  • El Hadji Fall, 2005. "Dynamique des ressources renouvelables et actualisation endogène," Post-Print halshs-00197141, HAL.
    • Handle: RePEc:hal:journl:halshs-00197141
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00197141
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