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How many cake-eaters? Chouette, on a du monde a diner!

How many cake-eaters? Chouette, on a du monde a diner!
How many cake-eaters? Chouette, on a du monde a diner!
We use a cake-eating model with a non-renewable resource and a backstop technology to describe the intertemporal effect of a sudden increase of the population level, e.g. due to migration.
The migrants enter an economy in which there is already surplus labor, and they receive transfers from "natives". These assumptions imply that the present discounted value of natives’ welfare falls. The counterintuitive result is that the flow of natives’ utility can increase at the time of the population change.
nonrenewable resources, cake-eating models, migration, comparative dynamics
0165-1889
801-815
Favard, Pascal
32e5a403-165a-4cf1-a3f8-b3941eab2199
Karp, Larry
c0e2efad-f4e6-4fb9-9630-aaa8cf37b72e
Favard, Pascal
32e5a403-165a-4cf1-a3f8-b3941eab2199
Karp, Larry
c0e2efad-f4e6-4fb9-9630-aaa8cf37b72e

Favard, Pascal and Karp, Larry (2004) How many cake-eaters? Chouette, on a du monde a diner! Journal of Economic Dynamics and Control, 28 (4), 801-815. (doi:10.1016/S0165-1889(03)00061-7).

Record type: Article

Abstract

We use a cake-eating model with a non-renewable resource and a backstop technology to describe the intertemporal effect of a sudden increase of the population level, e.g. due to migration.
The migrants enter an economy in which there is already surplus labor, and they receive transfers from "natives". These assumptions imply that the present discounted value of natives’ welfare falls. The counterintuitive result is that the flow of natives’ utility can increase at the time of the population change.

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Published date: 2004
Keywords: nonrenewable resources, cake-eating models, migration, comparative dynamics

Identifiers

Local EPrints ID: 39693
URI: http://eprints.soton.ac.uk/id/eprint/39693
DOI: doi:10.1016/S0165-1889(03)00061-7
ISSN: 0165-1889
PURE UUID: 3c78c89e-c98d-46e6-bac0-74fc67d7f17c

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Date deposited: 29 Jun 2006
Last modified: 15 Mar 2024 08:16

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Contributors

Author: Pascal Favard
Author: Larry Karp

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