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Control Number310591
Date and Time of Latest Transaction20150706094333.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameBenteng Zou
 Schumacher, Ingmar
Title StatementPollution perception A challenge for intergenerational equity by Ingmar Schumacher and Benteng Zou
Physical Descriptionpages 296-309 computer file; text; 361kb
Summary, Etc.In this article we extend the recent literature on overlapping generations and pollution by allowing generations to perceive the level of pollution differently than the actual level of pollution. We call this pollution perception. Pollution perception can visualize itself as either a concern for the flow of pollution only, or for the stock, or a combination of both. We derive this extension based on empirical evidence from recent advances in behavioural economics. Pollution perception has not only significant consequences for the steady state levels of pollution and capital, but we also find a qualitative change in the dynamics from similar models without pollution perception [A. John, R. Pecchenino, An overlapping generations model of growth and the environment, Econ. J. 104 (1994) 1393–1410]. Specifically, we derive optimal non-linear dynamics through complex eigenvalues and Hopf or Flip bifurcations for a large set of parameters. This leads to violations of two standard criteria of sustainability, suggesting that pollution perception can be another source of intergenerational inequity.04
Subject Added Entry - Topical TermSocial sciences04
 Pollution perception04
 Overlapping generations04
 Pollution
LocationDOST STII ScienceDirect NONPRINTS NP 14-15189 1 14-15189 Online/Download 2010-11-18
 
     
 
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Science and Technology Information InstituteScienceDirect
 
     
 
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