Intergenerational altruism and the environment

Authors
Jouvet, PA Michel, P Vidal, JP
Citation
Pa. Jouvet et al., Intergenerational altruism and the environment, SC J ECON, 102(1), 2000, pp. 135-150
Citations number
19
Categorie Soggetti
Economics
Journal title
SCANDINAVIAN JOURNAL OF ECONOMICS
ISSN journal
03470520 → ACNP
Volume
102
Issue
1
Year of publication
2000
Pages
135 - 150
Database
ISI
SICI code
0347-0520(2000)102:1<135:IAATE>2.0.ZU;2-#
Abstract
We construct an overlapping generations model of pollution externality in w hich individuals are altruistically linked to their offspring as in Barro ( 1974). It is shown that steady-state consumption may be a decreasing functi on of the intergenerational degree of altruism. Despite individuals' altrui sm, the competitive equilibrium is not optimal. We thus study the social op timum and show that it can be decentralized.