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Innovative investments, natural resources, and intergenerational fairness: Are pension funds good for sustainable development?
Bretschger, Lucas; Pittel, Karen - 2005
own investments. In this case, sustainability is more likely to be achieved due to pension fund savings. …
Persistent link: https://www.econbiz.de/10011753101
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Intergenerational Transfers, Lifetime Welfare and Resource Preservation
Valente, Simone - 2006
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10011753120
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Trading Off Generations: Infinitely-Lived Agent Versus OLG
Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2010
The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...
Persistent link: https://www.econbiz.de/10011753192
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Trading off generations: Infinitely-lived agent versus OLG
Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2010
The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...
Persistent link: https://www.econbiz.de/10010316064
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Interpreting sustainability in economic terms: Dynamic efficiency plus intergenerational equity
Stavins, Robert N.; Wagner, Alexander F.; Wagner, Gernot - 2002
concept of “sustainability.” We relate such a definition of sustainability to well known concepts from neoclassical economics …-temporal realm, we find that dynamic efficiency is a necessary but not sufficient condition for a notion of sustainability that has … normative standing as a goal for public policy. We define sustainability as dynamic efficiency plus intergenerational equity …
Persistent link: https://www.econbiz.de/10011335736
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Reaching national Kyoto-targets in Germany by maintaining a sustainable development
Bayer, Stefan; Kemfert, Claudia - 2000
This paper investigates the sustainability of the German economy when reaching the Kyoto emissions reduction target. We … the achievement of sustainability can be interpreted as an application of an intertemporal polluter pays principle, where …
Persistent link: https://www.econbiz.de/10010305082
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Reaching national Kyoto-targets in Germany by maintaining a sustainable development
Bayer, Stefan; Kemfert, Claudia - 2000
cost-bearance, or, in other words, the polluter pay principle which is oriented on the sustainability of GHG abatement. …
Persistent link: https://www.econbiz.de/10011608661
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Pollution perception: An inquiry into intergenerational equity
Schumacher, Ingmar; Zou, Benteng - 2005
In this article we extend the recent literature on overlapping generations with a pollution sector by allowing generations to have a certain pollution perception with regards to the stock of pollution. Pollution perception, assumed to be part of the generations' preferences, can be either a...
Persistent link: https://www.econbiz.de/10010272623
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Trading off generations: Infinitely lived agent versus OLG
Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2012
The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...
Persistent link: https://www.econbiz.de/10010280972
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Overlapping
Stark, Oded; Wang, Yong - 2002
We propose a new microeconomic explanation for the divergent experiences of economies in forming human capital. We suggest that the positive effect of a longer life expectancy on human capital formation arises from two separate effects: a life expectancy effect and a prolonged intergenerational...
Persistent link: https://www.econbiz.de/10010323586