Jouvet, P-A; Michel, P; Pestieau, P - Center for Operations Research and Econometrics (CORE), … - 1996
This paper develops a dynamic model wherein production generates pollution that is viewed as a public bad by consumers. There are two types of consumers : those who are altuist a la Barro-Becker and leave bequests to their children and those who are pure life-cyclers. Both types of consumers...