General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory

Author(s):  
Truman F. BEWLEY
1997 ◽  
Vol 9 (3) ◽  
pp. 511-528 ◽  
Author(s):  
Philippe Michel ◽  
Alain Venditti

1997 ◽  
Vol 9 (3) ◽  
pp. 511-528 ◽  
Author(s):  
Philippe Michel ◽  
Alain Venditti

2011 ◽  
Vol 6 (1) ◽  
pp. 23-36
Author(s):  
Jules Tchouto

Air Pollution, Allocation of Property Rights, Environmental Issues and Theoretical Overlapping Generations General Equilibrium ModellingThis paper presents how the environment - considered as a production factor - and other related assumptions can be introduced step by step in a theoretical Overlapping Generations General Equilibrium Model (OLG - GE). The first part shows the behaviors of agents with pollution in the absence of an environmental policy. The second part emphasizes a Greenhouse Gas abatement policy through the allocation of Pollution Permit ownership, which allows property rights on the environment; here we assume a three-factor model: Capital - Labor - Environment. The last part of of the paper highlights one theoretical property about the allocation of pollution permits within a OLG-GE steady state with the environment. To our knowledge, it is the first time that the aforementioned property has been characterized.


2019 ◽  
Vol 174 ◽  
pp. 157-160 ◽  
Author(s):  
James Staveley-O’Carroll ◽  
Olena M. Staveley-O’Carroll

Sign in / Sign up

Export Citation Format

Share Document