Destructive intergenerational altruism

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Standard

Destructive intergenerational altruism. / Asheim, Geir B.; Nesje, Frikk.

I: Journal of the Association of Environmental and Resource Economists, Bind 3, Nr. 4, 2016, s. 957.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Asheim, GB & Nesje, F 2016, 'Destructive intergenerational altruism', Journal of the Association of Environmental and Resource Economists, bind 3, nr. 4, s. 957. https://doi.org/10.1086/688584

APA

Asheim, G. B., & Nesje, F. (2016). Destructive intergenerational altruism. Journal of the Association of Environmental and Resource Economists, 3(4), 957. https://doi.org/10.1086/688584

Vancouver

Asheim GB, Nesje F. Destructive intergenerational altruism. Journal of the Association of Environmental and Resource Economists. 2016;3(4):957. https://doi.org/10.1086/688584

Author

Asheim, Geir B. ; Nesje, Frikk. / Destructive intergenerational altruism. I: Journal of the Association of Environmental and Resource Economists. 2016 ; Bind 3, Nr. 4. s. 957.

Bibtex

@article{6095e03cdec24ab4aaed5622cf28e0c2,
title = "Destructive intergenerational altruism",
abstract = "Are the probable future negative effects of climate change an argument for decreasing the discount rate to promote the interests of future generations? The analysis of the present paper suggests that such stronger intergenerational altruism might undermine future well-being if not complemented by collective climate action. In the standard one-sector model of economic growth normatively attractive outcomes will be implemented if each generation has sufficient altruism for its descendants. This conclusion is radically changed in a two-sector model where one form of capital is more productive than the other but leads to negative atmospheric externalities. In fact, the model shows that, if each dynasty is trying to get ahead in a world threatened by climate change by increasing its intergenerational altruism, then long-term well-being will be seriously undermined.",
author = "Asheim, {Geir B.} and Frikk Nesje",
year = "2016",
doi = "https://doi.org/10.1086/688584",
language = "English",
volume = "3",
pages = "957",
journal = "Journal of the Association of Environmental and Resource Economists",
issn = "2333-5955",
publisher = "University of Chicago Press",
number = "4",

}

RIS

TY - JOUR

T1 - Destructive intergenerational altruism

AU - Asheim, Geir B.

AU - Nesje, Frikk

PY - 2016

Y1 - 2016

N2 - Are the probable future negative effects of climate change an argument for decreasing the discount rate to promote the interests of future generations? The analysis of the present paper suggests that such stronger intergenerational altruism might undermine future well-being if not complemented by collective climate action. In the standard one-sector model of economic growth normatively attractive outcomes will be implemented if each generation has sufficient altruism for its descendants. This conclusion is radically changed in a two-sector model where one form of capital is more productive than the other but leads to negative atmospheric externalities. In fact, the model shows that, if each dynasty is trying to get ahead in a world threatened by climate change by increasing its intergenerational altruism, then long-term well-being will be seriously undermined.

AB - Are the probable future negative effects of climate change an argument for decreasing the discount rate to promote the interests of future generations? The analysis of the present paper suggests that such stronger intergenerational altruism might undermine future well-being if not complemented by collective climate action. In the standard one-sector model of economic growth normatively attractive outcomes will be implemented if each generation has sufficient altruism for its descendants. This conclusion is radically changed in a two-sector model where one form of capital is more productive than the other but leads to negative atmospheric externalities. In fact, the model shows that, if each dynasty is trying to get ahead in a world threatened by climate change by increasing its intergenerational altruism, then long-term well-being will be seriously undermined.

U2 - https://doi.org/10.1086/688584

DO - https://doi.org/10.1086/688584

M3 - Journal article

VL - 3

SP - 957

JO - Journal of the Association of Environmental and Resource Economists

JF - Journal of the Association of Environmental and Resource Economists

SN - 2333-5955

IS - 4

ER -

ID: 248161545