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We consider an overlapping generations model with environment, where we introduce an elastic labor supply. In this framework, consumers have to choose between consumption, environmental quality and leisure. We establish that several steady states can coexist, even under a Cobb-Douglas...
Persistent link: https://www.econbiz.de/10005422853
We consider an overlapping generations model with environment and an elastic labor supply. In this framework, consumers have to choose between consumption, environmental quality, and leisure. We show the existence of both deterministic cycles and indeterminacy. In contrast to previous results,...
Persistent link: https://www.econbiz.de/10010750468
We consider an overlapping generations model with environment and an elastic labor supply. In this framework, consumers have to choose between consumption, environmental quality, and leisure. We show the existence of both deterministic cycles and indeterminacy. In contrast to previous results,...
Persistent link: https://www.econbiz.de/10008795124
Nous étudions expérimentalement le comportement de sujets confrontés, dans une population, à une multiplicité de jeux du dilemme du prisonnier, suivant que les interactions sont bilatérales ou multilatérales. Nous observons, (i), une coopération significativement supérieure en cas de...
Persistent link: https://www.econbiz.de/10005422881
In this article, we study the question of intergenerational equity in a framework that displays two kinds of agents distinguished by their non dynastic intergenerational altruism. The more altruist agents regarding the transmitted environment are qualified of ecologists, whereas the others, less...
Persistent link: https://www.econbiz.de/10005385272
Persistent link: https://www.econbiz.de/10010780464
Nous présentons un modèle "prospectif" avec deux économies à générations imbriquées : L'une, riche, a stabilisé son stock de gaz à effet de serre dans un passé récent, alors que l'autre, pauvre, entâme une phase d'émissions croissantes sans moyen de lutter contre. Ces externalités...
Persistent link: https://www.econbiz.de/10005230739
We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations. Most of the specific market imperfections considered in the related literature are particular cases of our framework. Comparing them we obtain several equivalence results in terms...
Persistent link: https://www.econbiz.de/10010278392
Imposing some constraints on public debt is often justified regarding sustainability and stability issues. This is especially the case when the ratio of public debt over GDP is restricted to be constant. Using a Ramsey model, we show that such a constraint can however be a fundamental source of...
Persistent link: https://www.econbiz.de/10011096842
We analyze the interplay between longevity, pollution and growth. We develop an OLG model where longevity, pollution and growth are endogenous. The authorities may provide two types of public services, public health and environmental maintenance, that participate to increase agents’ life...
Persistent link: https://www.econbiz.de/10011106558