Intergenerational Altruism and the Environment

We construct an overlapping generations model of pollution externality in which individuals are altruistically linked to their offspring as in Barro (1974). It is shown that steady-state consumption may be a decreasing function of the intergenerational degree of altruism. Despite individuals altruism, the competitive equilibrium is not optimal. We thus study the social optimum and show that it can be decentralized

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Year of publication:	2001
Authors:	Jouvet, Pierre-André ; Michel, Philippe ; Vidal, Jean-Pierre
Publisher:	[S.l.] : SSRN
Subject:	Altruismus \| Altruism \| Theorie \| Theory \| Generationengerechtigkeit \| Intergenerational equity \| Umweltökonomik \| Environmental economics
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: The Scandinavian Journal of Economics, Vol. 102, Issue 1, March 2000 Volltext nicht verfügbar
Classification:	D62 - Externalities ; D64 - Altruism ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014152111