Borissov, Kirill; Bréchet, Thierry; Lambrecht, Stéphane - Department of Economics, European University at St. … - 2012
We assume a population of infinitely-lived households of the economy split into two groups: one with a high discount factor (the patient) and one with a low one (the impatient). The environmental quality is deteriorated by firm's polluting emissions. The governmental policy consists in proposing...
