Showing 1 - 10 of 13,654
patterns of consumer behavior. -- consumption ; growth ; sustainability ; satiation ; innovation ; welfare …
Persistent link: https://www.econbiz.de/10008935663
We investigate the fundamental determinants of sustainability in general equilibrium. We adopt a definition of … sustainability that requires that the welfare of future generations is not expected to decrease on average. We then use a stochastic … equilibrium, sustainability boils down to supply-side factors, with increased growth, decreased consumption risk, and greater …
Persistent link: https://www.econbiz.de/10014255987
This paper examines whether a non-instantaneous relationship between CO2 emission and temperature increase can affect asymptotic stability in a Golden rule context, when utility is not only determined by the level of per capita consumption but also allows for the negative influence of the...
Persistent link: https://www.econbiz.de/10013110759
The paper contributes to the literature on the relation between structural changes in demand and supply and growth. We develop a macro-economic model with agent-based micro-foundations that articulates the links between production and organisational structures on the supply side, and the...
Persistent link: https://www.econbiz.de/10003875558
We propose a theoretical model/framework for the analysis of the concomitant effects of structural changes in both production and consumption, on long run economic growth and income distribution. To accomplish with such a broad aim, we develop an evolutionary model with agentbased...
Persistent link: https://www.econbiz.de/10003746256
Can stock price movements be traced back partially to interpersonal utility effects? That is, are shareholders also chasing nonfinancial goals apart from generating profit under risk that can be ascribed neither to findings of behavioral finance nor to traditional economical theories? Inspired...
Persistent link: https://www.econbiz.de/10013021105
Persistent link: https://www.econbiz.de/10008658382
This article challenges the conventional result that a tighter environmental tax has no long-run effect on human capital accumulation in the presence of pollution arising from final output production. It demonstrates that the technology used in the abatement sector determines the existence and...
Persistent link: https://www.econbiz.de/10008903411
This paper studies the interplay between climate, health, and the economy in a stylized world with four heterogeneous regions, labeled ‘West’ (cold and rich), ‘China’ (cold and poor), ‘India’ (warm and poor), and ‘Africa’ (warm and very poor). We introduce health impacts into a...
Persistent link: https://www.econbiz.de/10003996958
Current climate and energy policy has to operate under an ex-ante unforeseen economic crisis. An obvious consequence is the collapse of prices for carbon emission allowances as, for example, seen in the European Union. However, this price collapse may be amplified by the interaction of a carbon...
Persistent link: https://www.econbiz.de/10013075277