Renewable Resources and Sustainable Development

Valente Simone
CEIS Working Papers
Conflicts between efficiency and sustainability are typical in the literature on sustainable development. Using a ’capital-resource’ model of optimal growth, Pezzey and Withagen (1998) have proved that if natural capital is exhaustible, consumption falls
Number: 175
Date: Monday, July 1, 2002
Revision Date: Monday, July 1, 2002