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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. |
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