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Detail
ArtikelRevisiting The Mitra-Wan Tree Farm  
Oleh: Wan, Henry, [Jr.]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 35 no. 1 (1994), page 193-198.
Topik: mitra; revisiting; mitra - wan; tree farm
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: II49.4
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelThe tree - farm model of Mitra and Wan contains novelties : a continuum of optimal cycles appear for small discounting and the cyclicality survives perturbations. To isolate the source of novelties, we study the simplest case : trees live naturally for two periods. This model specializes the general theory of multisector development, under four conditions. It becomes a Ramsey type model, augmented by a cross - vintage constraint : the present acreage under trees, age n, must not be less than the acreage under trees age n + 1, one period hence. Novelties emerge when this constraint bounds the graph of the state - to - control correspondence.
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