Informational approach to intergenerational resource sharing

Journal Article · Fri May 01 00:00:00 EDT 1998 · Energy Sources

DOI:https://doi.org/10.1080/00908319808970065· OSTI ID:616371

Guruswamy Babu, P ^[1]

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1. Indira Gandhi Inst. of Development Research, Bombay (India)

Given an exhaustible resource whose stock size is unknown, a major normative resource management problem is to distribute this stock over different generations using a sound ethical rule. The authors formulate the complex relationship between different generations in the framework of the classical optimization problem in agency theory. The model brings out the important role played by informational asymmetry in the intergenerational resource sharing problem.

• Sponsoring Organization: USDOE
• OSTI ID: 616371
• Journal Information: Energy Sources, Journal Name: Energy Sources Journal Issue: 4-5 Vol. 20; ISSN 0090-8312; ISSN EGYSAO
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
CONSUMPTION RATES
RESOURCE CONSERVATION
RESOURCE DEPLETION
RESOURCE EXPLOITATION
RESOURCE MANAGEMENT