The green golden rule: Habit and anticipation of future consumption

Faria, Joao Ricardo; McAdam, Peter

Angol nyelvű Tudományos Szakcikk (Folyóiratcikk)
Megjelent: ECONOMICS LETTERS 0165-1765 172 pp. 131-133 2018
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Azonosítók
Szakterületek:
    We derive the Green Golden Rule (GGR) in the Habit Formation (HF) and Anticipation of Future Consumption (AFC) frameworks. Since consumption is the key variable of GGR, time non-separabilities in preferences over consumption streams, given by the AFC and HF, may have important impacts on the environment and sustainability. We demonstrate that agents who smooth their consumption patterns, according to the HF hypothesis, are more likely to preserve the environment than those who anticipate future consumption or who do not so smooth consumption. (C) 2018 Elsevier B.V. All rights reserved.
    Hivatkozás stílusok: IEEEACMAPAChicagoHarvardCSLMásolásNyomtatás
    2022-01-16 19:23