13877 11 71485 1 198232 document 71485 Aseev-Besov-Kaniovski-publication-WIFO.pdf application/pdf 36b6e57cfd8a7d7759fef8c1ea3a61ea MD5 546586 2016-10-13 13:46:00 https://pure.iiasa.ac.at/id/eprint/13877/1/Aseev-Besov-Kaniovski-publication-WIFO.pdf 13877 1 1 application/pdf text en public

Aseev-Besov-Kaniovski-publication-WIFO.pdf

71486 2 198234 document 71486 lightbox.jpg image/png c0187e6e7baa82926eae0d755d37c4f3 MD5 12597 2016-10-13 13:46:08 https://pure.iiasa.ac.at/id/eprint/13877/2/lightbox.jpg 13877 2 2 image/png other Thumbnails conversion from text to thumbnail_lightbox en public

lightbox.jpg

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/islightboxThumbnailVersionOf https://pure.iiasa.ac.at/id/document/71485 71487 2 198235 document 71487 preview.jpg image/png b0c32ec23e0791de47dba15071c683f5 MD5 5799 2016-10-13 13:46:08 https://pure.iiasa.ac.at/id/eprint/13877/3/preview.jpg 13877 3 3 image/png other Thumbnails conversion from text to thumbnail_preview en public

preview.jpg

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/ispreviewThumbnailVersionOf https://pure.iiasa.ac.at/id/document/71485 71488 2 198236 document 71488 medium.jpg image/png d06c6662fd6fc01c8256aa349982f11d MD5 2315 2016-10-13 13:46:08 https://pure.iiasa.ac.at/id/eprint/13877/4/medium.jpg 13877 4 4 image/png other Thumbnails conversion from text to thumbnail_medium en public

medium.jpg

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/ismediumThumbnailVersionOf https://pure.iiasa.ac.at/id/document/71485 71489 2 198237 document 71489 small.jpg image/png dc59fd2a43738833e36442b3fc62289a MD5 1083 2016-10-13 13:46:09 https://pure.iiasa.ac.at/id/eprint/13877/5/small.jpg 13877 5 5 image/png other Thumbnails conversion from text to thumbnail_small en public

small.jpg

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/71485 71490 1 198238 document 71490 indexcodes.txt text/x-c++ f08c45852b4224d384d5c0156b8bd95d MD5 12672 2016-10-13 13:46:12 https://pure.iiasa.ac.at/id/eprint/13877/6/indexcodes.txt 13877 6 6 text/x-c++ other Generate index codes conversion from text to indexcodes en public

indexcodes.txt

http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/71485 http://eprints.org/relation/isIndexCodesVersionOf https://pure.iiasa.ac.at/id/document/71485 archive 5 disk0/00/01/38/77 2016-10-13 13:48:28 2021-08-27 17:27:52 2016-10-13 13:48:28 other show 2 Aseev S. 6509 Besov K. Kaniovski S. pub prog_asa optimal growth, nonconstant returns to scale, exhaustible resources The paper offers a complete analysis of the welfare-maximising capital investment and resource depletion policies in the Dasgupta-Heal-Solow-Stiglitz (DHSS) model with capital depreciation and any returns to scale. We establish a general existence result and show that an optimal admissible policy may not exist if the output elasticity of the resource equals 1. We characterise the optimal policies by applying an appropriate version of the Pontryagin maximum principle for infinite-horizon optimal control problems. We conclude the paper with an economic interpretation and a discussion of the welfaremaximising policies. 2016-10-03 published Österreichisches Institut für Wirtschaftsforschung http://www.wifo.ac.at/wwa/pubid/59048 WIFO Working Papers, No. 525 19 public Vienna, Austria 48 FALSE info:eu-repo/semantics/other