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Author:Gerlagh, R.
Zwaan, B. C. C. van der
Title:The effects of ageing and an environmental trust fund in an overlapping generations model on carbon emission reductions
Journal:Ecological Economics
2001 : FEB, VOL. 36:2, p. 311-326
Index terms:AGEING
ENERGY CONSERVATION
ENVIRONMENTAL PROTECTION
TRUSTS
Language:eng
Abstract:Most currently employed Integrated Assessment Models for climate change are of a dynastic nature. They employ the Ramsey rule linking the interest rate, economic growth, and the rate of pure time preference. This paper argues that, although a dynastic framework might be convenient for economic analysis, it is restrictive and can be misleading.
SCIMA record nr: 225115
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