Strategic interactions and heterogeneity in a overlapping generations model with negative environmental externalities
AbstractWe analyze an overlapping generations model where individuals’ welfare depends on the stock of a free access environmental good E and on the consumption C of a private good. We assume that the production process of the private good depletes the natural resource but that specific investments alleviate these damages. In such context, we show that strategic behaviour and heterogeneity in preferences may be a source of complex dynamics.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18221.
Date of creation: 2009
Date of revision:
Heterogeneous agents; environmental externalities; overlapping generations models.;
Find related papers by JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-07 (All new papers)
- NEP-CSE-2009-11-07 (Economics of Strategic Management)
- NEP-DGE-2009-11-07 (Dynamic General Equilibrium)
- NEP-ENE-2009-11-07 (Energy Economics)
- NEP-ENV-2009-11-07 (Environmental Economics)
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