Growth versus environment in dynamic models of capital accumulation

Discrete Dynamics in Nature and Society

ToichiroAsada¹ 

[1] Faculty of Economics, Chuo University, 742-1 Higashinakano, Hachioji, Tokyo 192-0393, Japan;

关键词: Growth;    Environment;    Capital accumulation;    Dynamic optimization;    Differential game;    Open loop Nash solution;    Feedback Nash solution.;   

DOI  :  10.1080/1026022021000000266

来源: DOAJ

【 摘 要 】

In this paper, we study the economic implications of the trade off between growth and environment in the context of dynamic models of capital accumulation. The collective solution is formulated in terms of dynamic optimization of the central planner, and the decentralized solution is formulated in terms of differential game between workers and capitalists. We compare the economic properties of two solutions.

【 授权许可】

Unknown