CEMA研讨会2019年秋季第七讲将于10月31日（周四）中午12:10-1:30在712会议室举行，由北京大学经济学院张博教授报告论文“On the efficiency of the dynamic equilibrium in an OLG model with natural resources”，欢迎感兴趣的师生参加。

【题目】：On the efficiency of the dynamic equilibrium in an OLG model with natural resources

【摘要】：This paper is to study the existence, uniqueness and efficiency property of the dynamic competitive equilibrium in overlapping generations model with natural resources. Contrasting to the standard Diamond OLG model without natural capital, in which the dynamic equilibrium is not necessarily efficient, an hence, the first welfare theorem may fail, in the OLG model with natural resource owning linear regeneration function, the dynamic equilibrium exists uniquely, and is always efficient. We do not assume that the dynamic equilibrium path is a balanced growth path. Our result is an improvement of all the previous results in this direction, in particular, Betty Agnani, et al. (2005), who consider only exhaustible resources, and moreover, they do not prove the existence (and uniqueness) of the equilibrium, but assume the existence of the equilibrium and assume furthermore that the equilibrium path is a balanced growth path.

【报告人简介】：张博，北京大学经济学院教授，1995年在莫斯科大学获得数学博士学位，研究领域包括概率论、保险精算、环境和自然资源经济学。在Theory of Probability and Its Applications, Insurance: Mathematics and Economics, 《经济研究》等学术期刊上发表多篇论文。

中国经济与管理研究院
2019年10月25日