Growth, Environment and Uncertain Future Preferences
The attitude of future generations towards environmental assets could be different from ours, and it is necessary to take into account explicitly this possibility in the current debate about environmental policy. The question we address here is : should uncertainty about future preferences lead to a more conservative attitude towards environment ? We show that in general it is not the case when preferences are non-separable between consumption and environmental quality. Only separable preferences, or an uncertainty about the time at which preferences could change associated with specific characteristics of the economy, could justify a more conservative attitude from now.
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|Date of creation:||1999|
|Date of revision:|
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- Smulders, J.A. & Gradus, R.H.J.M., 1996.
"Pollution abatement and long-term growth,"
Other publications TiSEM
1ed65010-f4ac-4a1f-84b6-4, Tilburg University, School of Economics and Management.
- Chichilnisky, Graciela & Beltratti, Andrea & Heal, Geoffrey, 1998. "Uncertain future preferences and conservation," MPRA Paper 7912, University Library of Munich, Germany.
- Geoffrey Heal & Bengt Kriström, 2002. "Uncertainty and Climate Change," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 22(1), pages 3-39, June.
- Alain Ayong Le Kama, 2012.
"Preservation and Endogenous Uncertain Future Preferences,"
1204, Chaire Economie du Climat.
- Alain Ayong Le Kama, 2001. "Preservation and exogenous uncertain future preferences," Economic Theory, Springer, vol. 18(3), pages 745-752.
- Philippe Michel & Gilles Rotillon, 1995. "Disutility of pollution and endogenous growth," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 6(3), pages 279-300, October.
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