The paper studies the role of subsitence thresholds in the emergence of poverty traps, in a two-country overlapping generations model. If consumption is lower than the subsitence level, people may die after the first period of their life. Given the presence of a survival threshold, and given a...

We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...

We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...