Pareto optimality in the extraction of fossil fuels and the greenhouse effect: a note
This note generalizes the Solow-Stiglitz efficiency condition for natural resources to the problem of fossil fuel extraction with a greenhouse effect. The generalized optimality condition suggests that the greenhouse effect implies overextraction in the sense of leaving future generations a wrongly...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
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| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
13453 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This note generalizes the Solow-Stiglitz efficiency condition for natural resources to the problem of fossil fuel extraction with a greenhouse effect. The generalized optimality condition suggests that the greenhouse effect implies overextraction in the sense of leaving future generations a wrongly composed wealth portfolio with too few natural resources relative to man-made capital. This judgment is independent of society's ethical preferences concerning the well-being of future generations. |
| Beschreibung: | [16] S. |
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 13453 | |
| 520 | 3 | |a This note generalizes the Solow-Stiglitz efficiency condition for natural resources to the problem of fossil fuel extraction with a greenhouse effect. The generalized optimality condition suggests that the greenhouse effect implies overextraction in the sense of leaving future generations a wrongly composed wealth portfolio with too few natural resources relative to man-made capital. This judgment is independent of society's ethical preferences concerning the well-being of future generations. | |
| 650 | 4 | |a Umwelt | |
| 650 | 4 | |a Environmental economics | |
| 650 | 4 | |a Fossil fuels |x Environmental aspects | |
| 650 | 4 | |a Greenhouse effect, Atmospheric |x Economic aspects | |
| 650 | 0 | 7 | |a Erwärmung |g Meteorologie |0 (DE-588)4344515-9 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Fossiler Brennstoff |0 (DE-588)4211713-6 |2 gnd |9 rswk-swf |
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| id | DE-604.BV023593354 |
| illustrated | Not Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016908684 |
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| physical | [16] S. |
| publishDate | 2007 |
| publishDateSearch | 2007 |
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| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Sinn, Hans-Werner 1948- Verfasser (DE-588)128406607 aut Pareto optimality in the extraction of fossil fuels and the greenhouse effect a note Hans-Werner Sinn Cambridge, Mass. National Bureau of Economic Research 2007 [16] S. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 13453 This note generalizes the Solow-Stiglitz efficiency condition for natural resources to the problem of fossil fuel extraction with a greenhouse effect. The generalized optimality condition suggests that the greenhouse effect implies overextraction in the sense of leaving future generations a wrongly composed wealth portfolio with too few natural resources relative to man-made capital. This judgment is independent of society's ethical preferences concerning the well-being of future generations. Umwelt Environmental economics Fossil fuels Environmental aspects Greenhouse effect, Atmospheric Economic aspects Erwärmung Meteorologie (DE-588)4344515-9 gnd rswk-swf Fossiler Brennstoff (DE-588)4211713-6 gnd rswk-swf Pareto-Optimum (DE-588)4173334-4 gnd rswk-swf Erwärmung Meteorologie (DE-588)4344515-9 s Fossiler Brennstoff (DE-588)4211713-6 s Pareto-Optimum (DE-588)4173334-4 s DE-604 Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 13453 (DE-604)BV002801238 13453 http://papers.nber.org/papers/w13453.pdf kostenfrei Volltext |
| spellingShingle | Sinn, Hans-Werner 1948- Pareto optimality in the extraction of fossil fuels and the greenhouse effect a note National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Umwelt Environmental economics Fossil fuels Environmental aspects Greenhouse effect, Atmospheric Economic aspects Erwärmung Meteorologie (DE-588)4344515-9 gnd Fossiler Brennstoff (DE-588)4211713-6 gnd Pareto-Optimum (DE-588)4173334-4 gnd |
| subject_GND | (DE-588)4344515-9 (DE-588)4211713-6 (DE-588)4173334-4 |
| title | Pareto optimality in the extraction of fossil fuels and the greenhouse effect a note |
| title_auth | Pareto optimality in the extraction of fossil fuels and the greenhouse effect a note |
| title_exact_search | Pareto optimality in the extraction of fossil fuels and the greenhouse effect a note |
| title_exact_search_txtP | Pareto optimality in the extraction of fossil fuels and the greenhouse effect a note |
| title_full | Pareto optimality in the extraction of fossil fuels and the greenhouse effect a note Hans-Werner Sinn |
| title_fullStr | Pareto optimality in the extraction of fossil fuels and the greenhouse effect a note Hans-Werner Sinn |
| title_full_unstemmed | Pareto optimality in the extraction of fossil fuels and the greenhouse effect a note Hans-Werner Sinn |
| title_short | Pareto optimality in the extraction of fossil fuels and the greenhouse effect |
| title_sort | pareto optimality in the extraction of fossil fuels and the greenhouse effect a note |
| title_sub | a note |
| topic | Umwelt Environmental economics Fossil fuels Environmental aspects Greenhouse effect, Atmospheric Economic aspects Erwärmung Meteorologie (DE-588)4344515-9 gnd Fossiler Brennstoff (DE-588)4211713-6 gnd Pareto-Optimum (DE-588)4173334-4 gnd |
| topic_facet | Umwelt Environmental economics Fossil fuels Environmental aspects Greenhouse effect, Atmospheric Economic aspects Erwärmung Meteorologie Fossiler Brennstoff Pareto-Optimum |
| url | http://papers.nber.org/papers/w13453.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT sinnhanswerner paretooptimalityintheextractionoffossilfuelsandthegreenhouseeffectanote |