Work

Intergenerational Altruism and the Environment

Year: 2000

Type: article

Abstract: We construct an overlapping generations model of pollution externality in which individuals are altruistically linked to their offspring as in Barro (1974). It is shown that steady‐state consumption may be a decreasing function of the intergenerational degree of altruism. Despite individuals' altruism, the competitive equilibrium is not optimal. We thus study the social optimum and show that it can be decentralized. JEL classification: D62; D64; D91

Source: Scandinavian Journal of Economics

DOI: 10.1111/1467-9442.00188

Authors: Pierre‐Andre Jouvet, Philippe Michel, Jean‐Pierre Vidal

Institutions: Université de Lille, Aix-Marseille Sciences Economiques, Charles de Gaulle Université de Lille III, Aix-Marseille Université, Centre National de la Recherche Scientifique

Language: English

Topic: Economic theories and models

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2024960844

FWCI: 7.598

Cites: 15

Cited by: 79

Related to: 10