Pareto-improving environmental policies in an overlapping-generations model

Tetsuo Ono, Yasuo Maeda

研究成果: Article査読

4 被引用数 (Scopus)

抄録

This paper develops an overlapping-generations model with environmental externalities. In particular, we consider a situation where future generations are made worse off because of environmental degradation caused by the consumption of past generations. We show that there exists an allocation for which the welfare of both current and future generations is strictly increased, relative to a laissez-faire competitive equilibrium allocation. We then demonstrate that this allocation can be achieved by a tax-transfer scheme.

本文言語English
ページ(範囲)211-225
ページ数15
ジャーナルJapanese Economic Review
53
2
DOI
出版ステータスPublished - 2002 7月 16
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学

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