This paper develops an OLG model with emissions arising from production and potential irreversible pollution. Pollution control goes through a system of permits and private agents can also maintain the environment. In this setting, we prove that there exist multiple equilibria. Due to the...

We develop an overlapping generations model of growth in which production generates polluting harmful emissions. In order to control pollution, the government implements an emission permits system. However, subject to political constraints, it is not able to assign the optimal quota on...

Chichilnisky's criterion for sustainability has the merit to be, so far, the unique explicit, complete and continuous social welfare criterion that combines successfully the requirement of Weak Pareto with an instrumental notion of intergenerational equity (no dictatorship of the present and no...

Dans cet article, nous comparons les propriétés de deux systèmes de tarification de l’eau d’irrigation en s’inspirant de systèmes de gestion employés par des Compagnies de gestion d’eau en France, la Compagnie d'Aménagement des Coteaux de Gascogne (CACG) d'une part et la Compagnie...

We consider the case of two exogeneous and deterministic shocks in groudwater resource management: [...].

We present a model where the probability distribution over the space of an agent's achievements depends not only on her ability and effort, but also on the goals set for her. The agent chooses her effort according to her utility net of perceived cost of effort. This cost is inversely...