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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.

Suggested Citation

  • Thomas Seegmuller & Alban Verchere, 2002. "Pollution as a source of endogenous fluctuations and periodic welfare inequality in OLG economies," Working Papers of BETA 2002-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    • Handle: RePEc:ulp:sbbeta:2002-18
    as

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    File URL: http://beta.u-strasbg.fr/WP/2002/2002-18.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Howarth, Richard B & Norgaard, Richard B, 1992. "Environmental Valuation under Sustainable Development," American Economic Review, American Economic Association, vol. 82(2), pages 473-477, 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. Kotlikoff, Laurence J., 2002. "Generational policy," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 4, chapter 27, pages 1873-1932, Elsevier.
    5. 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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Endogenous fluctuations; Environmental quality; Intergenerational equity;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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