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OverviewOriginally published in 1979. For decades conservationists have argued that increasing population will eventually out-strip the limited natural resources of the earth. Economists have responded by saying that any resource scarcity will be forestalled by changes in tastes and technology, induced by the appropriate price signals. This study is an attempt to develop a theoretical framework for analysing some of the issues related to this debate. Using an optimal growth theory framework, the author analyses the problem of optimally allocating a finite stock of the resource over time. In the process the author points out the crucial parameters and value judgments relevant to the various issues. This title will be of interest to students of environmental economics. Full Product DetailsAuthor: Prem C. GargPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.317kg ISBN: 9781138103153ISBN 10: 1138103152 Pages: 136 Publication Date: 19 October 2017 Audience: College/higher education , Tertiary & Higher Education , Undergraduate Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1. Introduction and Overview 2. Model Description and Optimality Conditions 3. Optimal Growth Paths for Cobb-Douglas Technologies 4. Optimal Growth Paths Under Max-Min Welfare Functional 5. ConclusionsReviewsAuthor InformationPrem C. Garg Tab Content 6Author Website:Countries AvailableAll regions |
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