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Pollution as a source of endogenous fluctuations and periodic welfare inequality in OLG economies

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  • Thomas Seegmuller
  • Alban Verchere

Abstract

This article examines the conditions under which endogenous fluctuations and periodic welfare inequality can emerge in OLG economies having an environmental dimension.

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File URL: http://www.beta-umr7522.fr/productions/publications/2002/2002-18.pdf
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Bibliographic Info

Paper provided by Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg in its series Working Papers of BETA with number 2002-18.

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Date of creation: 2002
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Handle: RePEc:ulp:sbbeta:2002-18

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Keywords: Endogenous fluctuations; Environmental quality; Intergenerational equity;

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  1. Howarth, Richard B & Norgaard, Richard B, 1992. "Environmental Valuation under Sustainable Development," American Economic Review, American Economic Association, vol. 82(2), pages 473-77, May.
  2. Cazzavillan, Guido & Lloyd-Braga, Teresa & Pintus, Patrick A., 1998. "Multiple Steady States and Endogenous Fluctuations with Increasing Returns to Scale in Production," Journal of Economic Theory, Elsevier, vol. 80(1), pages 60-107, May.
  3. Antonio Rangel, 2003. "Forward and Backward Intergenerational Goods: Why Is Social Security Good for the Environment?," American Economic Review, American Economic Association, vol. 93(3), pages 813-834, June.
  4. Laurence J. Kotlikoff, 2001. "Generational Policy," NBER Working Papers 8163, National Bureau of Economic Research, Inc.
  5. John, A & Pecchenino, R, 1994. "An Overlapping Generations Model of Growth and the Environment," Economic Journal, Royal Economic Society, vol. 104(427), pages 1393-1410, November.
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