| Authors |
|
| Publication date |
2008
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| Series |
CeNDEF working papers, 08-11
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| Number of pages |
7
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| Publisher |
onbekend: Afdeling Kwantitatieve Economie
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
|
| Abstract |
Using conservation laws, we provide a new proof of the Hartwick result, i.e. there is intergenerational equity if and only if net investment is constant. Subsequently, the technique is used to show that constant net investment does not indicate intergenerational equity if consumers value the existence of an essential non-renewable resource.
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| Document type |
Report
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| Published at |
http://www1.fee.uva.nl/cendef/publications/papers/simpleproofHartwick_v2.pdf
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