Air Pollution, Tradable Emission Permits, Environmental Maintenance and Theoretical Overlapping Generations General Equilibrium Model

Jules-Eric Tchapchet-Tchouto
Additional contact information
Jules-Eric Tchapchet-Tchouto: University of Rouen, France
Authors registered in the RePEc Author Service: Jules-Eric Tchapchet Tchouto

Zagreb International Review of Economics and Business, 2011, vol. 14, issue 1, 35-58

Abstract: This paper presents within the framework of an Overlapping Generation (OLG) model, how Environmental as production factor another linked-assumptions can be introduced step by step in a theoretical general equilibrium model. Indeed, in the first part, there is no environmental policy in the presence of externality associated with pollution. Then, when an environmental policy is decided and introduced by the Public Authority into the economy through a System of Tradable Emission Permits (STEP), we assume a three factors or ‘3-dimensions’ OLG General Equilibrium model : Capital – Labor – Environment (Where private ownership of Environment through property rights or emission permits are treated as a production Factor). However, the study of tradable emission permits characteristics showed that this instrument of environmental policy can also be considered as a financial (an investment) asset for households.

Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.efzg.hr/default.aspx?id=13728 (text/html)
Abstract only available on-line

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zag:zirebs:v:14:y:2011:i:1:p:35-58

Ordering information: This journal article can be ordered from
Zagreb International Review of Economics and Business, Faculty of Economics and Business, Trg J. F. Kennedy 6, 10000 Zagreb, Croatia.
http://www.efzg.hr/default.aspx?id=6045

Access Statistics for this article

Zagreb International Review of Economics and Business is currently edited by Soumitra Sharma

More articles in Zagreb International Review of Economics and Business from Faculty of Economics and Business, University of Zagreb Contact information at EDIRC.
Bibliographic data for series maintained by Jurica Šimurina ( this e-mail address is bad, please contact ).