The Kyoto Protocol, which came in force in February 2005, allows countries to resort to "supplementary activities" consisting, in particular, in the sequestration of carbon in agricultural soils. Considering the importance of its agricultural land and its weak possibilities of low-cost reduction...

This paper develops a continuous time model of endogenous growth based on innovations in consumption goods. The model considers two types of goods, standard goods (whose production and consumption lead to pollution), and green goods (which have no effect on the environment). In addition to...

This paper describes a dynamic applied general equilibrium model, with perfect foresight, designed for clarifying the questions concerning taxation and the environment. The first section gives an overview of the model, focusing on the way of introducing explicitly the environmental dimension in...

We study a pure exchange economy with infinite-lived agents, in which a share of consumption purchases must be paid cash. The economy may exhibit multiple equilibria, no matter what the fundamental specification, the only requirement being a share of consumption to be paid cash sufficiently low....