JOUVET, Pierre-André; MICHEL, Philippe; VIDAL, Jean-Pierre - Center for Operations Research and Econometrics (CORE), … - 1997
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...