Schneider, Maik T.; Traeger, Christian P.; Winkler, Ralph - Department of Agricultural and Resource Economics, … - 2007
The prevailing literature discusses intergenerational trade-offs in climatechange predominantly in terms of the Ramsey equation relying on the infinitelylived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent setting....
