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THE CONVERSE OF HARTWICK'S RULE AND UNIQUENESS OF THE SUSTAINABLE PATH

✍ Scribed by ROBERT D. CAIRNS; ZHAO YANG


Book ID
118096062
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
119 KB
Volume
13
Category
Article
ISSN
0890-8575

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πŸ“œ SIMILAR VOLUMES


Characterizing sustainability: The conve
✍ Cees Withagen; Geir B. Asheim πŸ“‚ Article πŸ“… 1998 πŸ› Elsevier Science 🌐 English βš– 102 KB

This note offers a general proof of the converse of Hartwick's rule, namely thatin an economy with stationary instantaneous preferences and a stationary technologyan efficient constant utility path is characterized by the value of net investments being zero at each point in time. In a one consumptio