Intergenerational modelling of the greenhouse effect

Clive Spash

MPRA Paper from University Library of Munich, Germany

Abstract: A major implication of global climate change is that future generations will suffer severe damages while the current generation benefits. In this paper a model is developed to analyze the potential need for mitigating the adverse impacts of the greenhouse effect on efficiency grounds. The model characterises basic transfers, investigate the effect of greenhouse emissions, and analyze exogenous and endogenous uncertainty. The first (or current) generation faces the problem of dividing available resources amongst current consumption and transfers to future generations. A two-period model is presented in which the first generation may achieve beneficial transfers to the second by investment in capital (I), in technology (T), or by a direct bequest of final goods (B) and/or by leaving fossil fuel stocks undepleted.

Keywords: climate change; future generations; resource depletion; uncertainty; ethics; intergenerational transfers; equity, efficiency; optimisation modelling (search for similar items in EconPapers)
JEL-codes: H41 O1 Q52 Q53 (search for similar items in EconPapers)
Date: 1994-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/40000/2/MPRA_paper_40000.pdf original version (application/pdf)

Related works:
Working Paper: Intergenerational Modelling of the Greenhouse Effect (1994)
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:pra:mprapa:40000

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter (winter@lmu.de).