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Strategic interactions and heterogeneity in a overlapping generations model with negative environmental externalities

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  • Antoci, Angelo
  • Naimzada, Ahmad
  • Sodini, Mauro

Abstract

We 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 Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18221.

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Date of creation: 2009
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Handle: RePEc:pra:mprapa:18221

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Keywords: Heterogeneous agents; environmental externalities; overlapping generations models.;

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  1. Bosi, Stefano & Seegmuller, Thomas, 2008. "Can heterogeneous preferences stabilize endogenous fluctuations," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 32(2), pages 624-647, February.
  2. Bischi, Gian Italo & Lamantia, Fabio, 2007. "Harvesting dynamics in protected and unprotected areas," Journal of Economic Behavior & Organization, Elsevier, vol. 62(3), pages 348-370, March.
  3. Hommes, Cars H. & Rosser,, J. Barkley, 2001. "Consistent Expectations Equilibria And Complex Dynamics In Renewable Resource Markets," Macroeconomic Dynamics, Cambridge University Press, Cambridge University Press, vol. 5(02), pages 180-203, April.
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  5. Naidu, Sirisha C., 2009. "Heterogeneity and Collective Management: Evidence from Common Forests in Himachal Pradesh, India," World Development, Elsevier, vol. 37(3), pages 676-686, March.
  6. Juan-Camilo Cardenas & John Stranlund & Cleve Willis, 2002. "Economic inequality and burden-sharing in the provision of local environmental quality," Artefactual Field Experiments 00030, The Field Experiments Website.
  7. Thomas SEEGMULLER & Alban VERCHÈRE, 2005. "Environment in an Overlapping Generations Economy with Endogenous Labor Supply : a Dynamic Analysis," Working Papers of BETA 2005-05, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  8. repec:dgr:uvatin:2001013 is not listed on IDEAS
  9. Ahmad Naimzada & Giorgio Ricchiuti, 2006. "Heterogeneous Fundamentalists and Imitative Processes," Working Papers, University of Milano-Bicocca, Department of Economics 104, University of Milano-Bicocca, Department of Economics, revised Nov 2006.
  10. Dayton-Johnson, Jeff & Bardhan, Pranab, 1996. "Inequality and Conservation on the Local Commons: A Theoretical Exercise," Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkele qt7f9913w9, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
  11. Varughese, George & Ostrom, Elinor, 2001. "The Contested Role of Heterogeneity in Collective Action: Some Evidence from Community Forestry in Nepal," World Development, Elsevier, vol. 29(5), pages 747-765, May.
  12. John, A & Pecchenino, R, 1994. "An Overlapping Generations Model of Growth and the Environment," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 104(427), pages 1393-1410, November.
  13. Barkley Rosser, J. Jr., 2001. "Complex ecologic-economic dynamics and environmental policy," Ecological Economics, Elsevier, vol. 37(1), pages 23-37, April.
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