Observations on the Green Golden Rule - Dynamic Games and Applications Seminar

Explore a dynamic games and applications seminar focusing on economic growth models with renewable environmental resources. Delve into the analysis of the Green Golden Rule concept introduced by Beltratti, Chichilnisky, and Heal. Examine the connections between different problem solutions related to this model, including the discounted utilitarian problem and the long-run utility problem. Discover new insights from the analysis of necessary conditions for optimal control problems under the catching up optimality criterion. Investigate the relationship between solutions to the NLP problem of maximizing steady-state utility and the infinite horizon undiscounted problem. Gain a deeper understanding of how capital accumulation features influence these solutions, correcting and expanding upon the original Green Golden Rule analysis.