caa a22 4500 475797795 CHVBK 20180406123729.0 cr unu---uuuuu 170329e20000601xx s 000 0 eng 10.1007/BF01676980 doi (NATIONALLICENCE)springer-10.1007/BF01676980 Farmer Karl Institute of Economics, University of Graz, Universitätsstrasse 15, A-8010, Graz, Austria aut Intergenerational natural-capital equality in an overlapping-generations model with logistic regeneration [Elektronische Daten] [Karl Farmer] Following Mourmouras [Scandinavian Journal of Economics 93 (1991): 585-591], in a Diamond [American Economic Review 55 (1965): 1126-1150] type overlapping-generations model with renewable natural resources a competitive path of manmade capital accumulation exists which meets the sustainability criterion of intergenerational natural-capital equ(al)ity (= sustainable growth). The alleged compatibility of decentralized optimization with natural-capital sustainability is appealing, but the rel-evance of this compatibility result is questionable: the growth factor of the renewable natural resource is assumed to be independent of the resource stock. Employing instead a nonlinear (logistic) regeneration function, this paper reconsiders Mourmouras' compatibility statement in another natural environment. It is shown that only under a certain complex relationship between the parameters of the utility, production, and natural-growth function does a nontrivial stationary state exist which is saddle-point stable. It exhibits by definition intergenerational natural-capital equality, but the non-linear setting precludes in general, natural-capital equality across generations on the growth path towards the stationary state. Springer-Verlag, 2000 renewable natural resource nationallicence economic growth nationallicence OLG-models of sustainability nationallicence Q20 nationallicence Journal of Economics Springer Vienna 72/2(2000-06-01), 129-152 0931-8658 72:2<129 2000 72 712 https://doi.org/10.1007/BF01676980 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF01676980 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Farmer Karl Institute of Economics, University of Graz, Universitätsstrasse 15, A-8010, Graz, Austria aut NATIONALLICENCE 773 0- Journal of Economics Springer Vienna 72/2(2000-06-01), 129-152 0931-8658 72:2<129 2000 72 712 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer