Challenging the certainty that ecological preservation is incompatible with economic growth, Green Capital shifts the focus from the scarcity of raw materials to the deterioration of the great natural regulatory functions (such as the climate system, the water cycle, and biodiversity). While we...

[eng] Effects of Pollution Permits on Capital Accumulation in an Overlapping-Generations Model.. The authors use an overlapping-generations model to study the effects of the introduction of a market for pollution permits and the effects of a variation in the number of permits on long-term...

We contrast private and public ownership of environment in their ability to internalize the negative externality associated to the urge of the environment in the production process. This paper constructs a dynamic general equilibrium model with overlapping generations and property rights on...