BORISSOV, Kirill; BRECHET, Thierry; LAMBRECHT, Stéphane - Center for Operations Research and Econometrics (CORE), … - 2012
We assume a population of infinitely-lived households of the economy split into two groups : one with a high discount factor (the patient) and one with a low one (the impatient). The environmental quality is deteriorated by firm's polluting emissions. The governmental policy consists in...