Richard Howarth

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A two-sector OLG model illuminates the intergenerational e¤ects of a tax that protects an environmental stock. A traded asset capitalizes the economic returns to future tax-induced environmental improvements , bene…ting the current asset owners, the old generation. Absent a transfer, the tax harms the young generation by decreasing their real wage. Future(More)
In an effort to understand why individuals choose to participate in personally-expensive pro-environmental behaviors, environmental and behavioral economists have examined a moral-motivation model in which the decision to adopt a pro-environmental behavior depends on the society-wide market share of that behavior. An increasing body of practical research on(More)
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