Intergenerational Altruism and the Environment

Pierre-André Jouvet, Philippe Michel and J.-P. Vidal

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: This paper constructs an overlapping generations model of pollution externality wherein 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 prove that it can be decentralised.

Keywords: ENVIRONMENT; EXTERNALITIES; GENERATIONS (search for similar items in EconPapers)
JEL-codes: D62 D64 D91 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1999
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Intergenerational Altruism and the Environment (2000)
Working Paper: Intergenerational altruism and the environment (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99a03

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