The environmental Kuznets curve in a world of irreversibility
type: Item
instance of: scholarly article
title: The environmental Kuznets curve in a world of irreversibility
zbMATH Open document ID: 1163.91023
author: Fabien Prieur
published in: Economic Theory
publication date: 2009-05-05T00:00:00Z
full work available at URL: wp070057.pdf
review text: Consider an overlapping generations model, where consumption produces an externality. This paper proves the existence of two equilibria in such a model, when pollution damage is potentially irreversible. At one of these equilibria, in contrast to \textit{A. John} and \textit{R. Pecchenino} [An overlapping generations model of growth and the environment, Econ. J. 104, 1393--1410 (1994)], the steady state of the economy is at the lowest possible sustainable leve. This result has grim implications for global warming.
Mathematics Subject Classification ID: 91B76
zbMATH DE Number: 5550692
zbMATH Keywords: environmental Kuznets curve
zbMATH Keywords: irreversible damage
zbMATH Keywords: overlapping generations
MaRDI profile type: MaRDI publication profile
OpenAlex ID: W3123801986
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DOI: 10.1007/S00199-008-0351-Y
description: scientific article; zbMATH DE number 5550692