The effects of ageing and an environmental trust fund in an overlapping generations model on carbon emission reductions

@inproceedings{Gerlagh2001TheEO,
  title={The effects of ageing and an environmental trust fund in an overlapping generations model on carbon emission reductions},
  author={Reyer Gerlagh and B.C.C. van der Zwaan},
  year={2001}
}
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. Overlapping Generations models, which do not employ the Ramsey rule, are more flexible and may give results different from those derived from dynastic… CONTINUE READING

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Evaluating Uncertain CO2 Abatement over the Very Long Term

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