Schneider, Maik T.; Traeger, Christian P.; Winkler, Ralph - In: European Economic Review 56 (2012) 8, pp. 1621-1644
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...