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This paper studies an endogenous growth model with human capital, exhaustible resources, and overlapping generations. Under laissez-faire, higher study time reduces depletion rates by increasing the share of re- sources that present generations are willing to sell to successors. However, selfish...
Persistent link: https://www.econbiz.de/10003761243
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10003459197
The interrelationship between economic growth, efficient use of natural resources, and sustainability has been of great … interest to economists, researchers and policy makers. Knowledge of actual causality direction between sustainability … problems demand urgent attention and planning of adequate policies towards sustainability. Development of new economic and …
Persistent link: https://www.econbiz.de/10014422695
This paper presents a simple two-period overlapping generation's model with uncertain lifetimes that contains environmental and health issues. It investigates an intergenerational conflict between old and young generations as regards two defensive expenditures, offsetting the influence of a...
Persistent link: https://www.econbiz.de/10011527288
Persistent link: https://www.econbiz.de/10012584381
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10014054320
Using a dynamic intergenerational game, this paper analyzes the effects of inequality among resource users and their access to outside markets and credit on cooperative use of a local commons. The study finds that, depending on the agents' harvest sharing rule, the conditions under which...
Persistent link: https://www.econbiz.de/10014058074
This paper investigated, in an overlapping generations model highlighting two-period lived households, the influence of education and environmental awareness on physical capital and environmental terms by sketching, at the stable steady state equilibrium, the comparative static examination....
Persistent link: https://www.econbiz.de/10014357242
Persistent link: https://www.econbiz.de/10011620550
This paper studies the designs of optimal tax programs in OLG economies when first, consumption of one household lowers (status) utility of others, and second, consumption harms the environment. Status seeking raises optimal consumption tax rates, and lowers optimal tax rates on capital income
Persistent link: https://www.econbiz.de/10014066180