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Self-enforcing intergenerational social contract as a source of Pareto improvement and pollution mitigation
Nguyen Thang Dao; Burghaus, Kerstin; Edenhofer, Ottmar - 2016
income in pollution mitigation in exchange for a transfer to their old-age capital income paid by the next generation. We … bargaining leads to a steady state with lower pollution stock and higher income compared to the steady state without a contract … improving mitigation is no longer possible and the economy converges to a steady state with high pollution stock and low income …
Persistent link: https://www.econbiz.de/10011474731
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Evaluating climate policies by the Pareto principle : efficiency when future identities are unobservable
Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10012817856
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Sustainability for All? A North-South-East-West Model
Borghesi, Simone; Ulph, David - 2014
This paper examines whether it is possible for all countries to simultaneously achieve efficient and sustainable allocations of resources even if they do not cooperate in a world with inter-generational and intra-generational externalities. Using a simple model with two governments - one for the...
Persistent link: https://www.econbiz.de/10014115022
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Pareto improving climate policies : distributing the benefits across generations and regions
Hoel, Michael; Kittelsen, Sverre A. C.; Kverndokk, Snorre - 2015
Most studies show that the present generation has to take the burden and reduce consumption to mitigate future climate change. However, significant climate change is due to a market failure, and corrections of market failures give possibilities of Pareto improvements. In this paper, we study the...
Persistent link: https://www.econbiz.de/10011309590
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Pareto Optimality in the Extraction of Fossil Fuels and the Greenhouse Effect : A Note
Sinn, Hans-Werner - 2021
This note generalizes the Solow-Stiglitz efficiency condition for natural resources to the problem of fossil fuel extraction with a greenhouse effect. The generalized optimality condition suggests that the greenhouse effect implies overextraction in the sense of leaving future generations a...
Persistent link: https://www.econbiz.de/10013316842
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Provision of a public good with altruistic overlapping generations and many tribes
Karp, Larry S. - 2012
Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public goods. Equilibrium climate protection may depend more sensitively on either of these considerations, depending on the type of policy rule one examines. This conclusion is based on...
Persistent link: https://www.econbiz.de/10009571754
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Provision of a Public Good with Altruistic Overlapping Generations and Many Tribes
Karp, Larry S. - 2013
I compare the relative importance of inter-generational altruism and contemporaneous cooperation, in determining equilibrium climate policy, by imbedding an OLG framework with inter-generational altruism into a differential game between nations. The model uses new representations for the...
Persistent link: https://www.econbiz.de/10013078652
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Provision of a Public Good with Altruistic Overlapping Generations and Many Tribes
Karp, Larry S. - 2021
Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public goods. Equilibrium climate protection may depend more sensitively on either of these considerations, depending on the type of policy rule one examines. This conclusion is based on...
Persistent link: https://www.econbiz.de/10013315881
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Intergenerational Transfers of Pollution Rights and Growth
Bréchet, Thierry; Lambrecht, Stephane; Prieur, Fabian - 2014
original policy mechanism of transfers of pollution rights capable of circumventing these failures and decentralizing optimal …
Persistent link: https://www.econbiz.de/10014063631
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Kantian Optimization, Social Ethos, and Pareto Efficiency
Roemer, John E. - 2012
species, the reigning assumption in economic theory is that individuals optimize in an autarkic manner (as in Nash and …
Persistent link: https://www.econbiz.de/10013109205