Abstract
The paper is an exposition of some issues involving sustainability of equitable (stationary) plans in infinite horizon models. We consider examples of deterministic as well as stochastic models. The models provide conditions on the possibility, inevitability or probability of extinction or collapse.
Original language | English (US) |
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Pages (from-to) | 92-104 |
Number of pages | 13 |
Journal | Studies in Microeconomics |
Volume | 9 |
Issue number | 1 |
DOIs | |
State | Published - Jun 2021 |
Keywords
- Equity
- Sustainability
- infinite horizon
- stochastic model
ASJC Scopus subject areas
- General Economics, Econometrics and Finance