A Note on Indeterminacy in Overlapping Generations Economies with Environment and Endogenous Labor Supply
Thomas Seegmuller () and
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
We consider an overlapping generations model with environment and an elastic labor supply. In this framework, consumers have to choose between consumption, environmental quality, and leisure. We show the existence of both deterministic cycles and indeterminacy. In contrast to previous results, the emergence of endogenous fluctuations does not require a high emission rate of pollution.
Keywords: Environment; labor supply; overlapping generations; indeterminacy; endogenous cycles (search for similar items in EconPapers)
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Published in Macroeconomic Dynamics, Cambridge University Press (CUP), 2007, 11 (3), pp.423-429. ⟨10.1017.S1365100506060093⟩
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Journal Article: A NOTE ON INDETERMINACY IN OVERLAPPING GENERATIONS ECONOMIES WITH ENVIRONMENT AND ENDOGENOUS LABOR SUPPLY (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00194230
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