Muller-Furstenberger, Georg Müller-Fürstenberger; … - Institut de Préparation à l'Administration et à la … - 2013
We develop an overlapping generations general equilibrium model with two re- gions. Only one of the regions is subject to an international environmental exter- nality. We find that regions that are too poor to sufficiently offset the international externality imposed upon them may be stuck in a...