The Intergenerational Case of Missing Markets and Missing Voters
AbstractA simple game formulation is used to examine the possibility of linking generations when a future generation will confront a risk that can be alleviated by an earlier generation's investment. An insurance market will function provided that the overlapping generations are sufficiently near in time and share risks. Without propinquity or shared risks, there is a need for intervention to overcome the problems of missing markets and missing voters. This intervention should take the form of minimum environmental standards, based on a notion of sustainability that is constitutionally enforced.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 74 (1998)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://le.uwpress.org/
Other versions of this item:
- Sandler, Todd & Doeleman, Jacobus A., 1998. "The Intergenerational Case of Missing Markets and Missing Voters," Staff General Research Papers 1217, Iowa State University, Department of Economics.
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
- D90 - Microeconomics - - Intertemporal Choice - - - General
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Padilla, Emilio, 2002. "Intergenerational equity and sustainability," Ecological Economics, Elsevier, vol. 41(1), pages 69-83, April.
- Antonio Rangel, 1999.
"Forward and Backward Intergenerational Goods: A Theory of Intergenerational Exchange,"
00001, Stanford University, Department of Economics.
- Antonio Rangel, 2000. "Forward and Backward Intergenerational Goods: A Theory of Intergenerational Exchange," NBER Working Papers 7518, National Bureau of Economic Research, Inc.
- Andreas Wagener, 2002. "Intergenerational Transfer Schemes as Incomplete Social Contracts," Constitutional Political Economy, Springer, vol. 13(4), pages 337-359, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.