Yamaguchi, Rintaro and Ueta, Kazuhiro (2010): Capital depreciation and waste accumulation in capital-resource economies. Forthcoming in: Applied Economics Letters
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In this note, we investigate how the depreciation of a manufactured stock and the related accumulation of a waste stock can alter the optimal path of the capital-resource economy. It is shown that the optimal consumption path is aected by how the disuse pattern of the manufactured stock in question is distributed, specifically with forward-looking terms.
|Item Type:||MPRA Paper|
|Original Title:||Capital depreciation and waste accumulation in capital-resource economies|
|Keywords:||capital depreciation; waste accumulation; capital-resource model; optimal control|
|Subjects:||Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q32 - Exhaustible Resources and Economic Development
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q53 - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable Development
C - Mathematical and Quantitative Methods > C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C61 - Optimization Techniques; Programming Models; Dynamic Analysis
|Depositing User:||Rintaro Yamaguchi|
|Date Deposited:||11. Jul 2010 17:53|
|Last Modified:||13. Feb 2013 05:04|
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