IDEAS home Printed from https://ideas.repec.org/a/jns/jbstat/v216y1997i1p92-113.html
   My bibliography  Save this article

Dauerhafte öffentliche (Un-)Güter: Ist eine myopische Regulierung von CO2-Emissionen besser als keine? / Durable Public Bads: Is a Myopie Regulation of CO2 - Emissions Preferable to no Regulation?

Author

Listed:
  • Wagner Thomas

    (Hastverstr. 31, D-90408 Nürnberg)

Abstract

Samuelson’s rule, Σ MR = MRT, refers to the provision of an nondurable public consumption good. What is the necessary condition for the optimal stock of a public durable? A special case is investigated and Samuelson’s rule is modified within an OLG-model. The properties of the bad resemble those of anthropogenic emissions of greenhouse gases: the bad is an accumulative negative externality with delayed reaction time. Equilibrium conditions for a laissez-faire economy and a regulated economy are stated, where the regulator uses a system of emission permits. A myopic regulation which serves the young generations may cause steady states which are Pareto-inferior to those of the laissez-faire system. Crucial for this result is the atmospheric residence time of the public bad.

Suggested Citation

  • Wagner Thomas, 1997. "Dauerhafte öffentliche (Un-)Güter: Ist eine myopische Regulierung von CO2-Emissionen besser als keine? / Durable Public Bads: Is a Myopie Regulation of CO2 - Emissions Preferable to no Regulation?," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 216(1), pages 92-113, February.
    • Handle: RePEc:jns:jbstat:v:216:y:1997:i:1:p:92-113
    DOI: 10.1515/jbnst-1997-0106
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/jbnst-1997-0106
    Download Restriction: no
    File URL: https://libkey.io/10.1515/jbnst-1997-0106?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jns:jbstat:v:216:y:1997:i:1:p:92-113. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.