Intergenerational altruism and the environment

Pierre-André Jouvet, Philippe Michel and Jean-Pierre Vidal
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Jean-Pierre Vidal: Department of Applied Economics, University of Cambridge and CEME, University of Paris I

No 1997041, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: This paper constructs an overlapping generations model of pollution externality wherein individ- uals are altruistically linked to their offspring as in Barro (1974). It is shown that steady-state consumption can 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 prove that it can be decentralised.

Keywords: altruism; environment; overlapping generations (search for similar items in EconPapers)
Date: 1997-06-01
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Intergenerational Altruism and the Environment (2000)
Working Paper: Intergenerational Altruism and the Environment (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:1997041

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