期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2012
卷号：2012
期号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：We assume a population of infinitely- lived households of the economy split into
two g roups : one with a high discount factor (the patient) and one with a low one
(the impatient). The environmental quality is deteriorated by firm’s polluting
emissions. The governmental policy consists in proposing households to vote for a
tax aimed at environmental maintenance. We study the voting equilibrium at steady
states. The resulting equilibrium maintenance is the one of the median voter. We
show that (i) an increase in total factor productivity may produce effects described
by the Environmental Kuzne ts Curve, (ii) an increase in the patience of impatient
households may foster environmental quality if the median voter is impatient and
maintenance positive, (iii) a decrease in inequality among the patient households
leads to an increase in environmental quality if the median voter is patient and
maintenance is positive. We also show that, if the median income is lower than the
mean, our model predict lower level of environmental quality than the
representative agent model, and that increasing public debt decreases the level of
environmental quality.
关键词：Keywords: intertemporal choice and growth, discounting, government
environmental policy, externalities, environmental taxes, voting equilibrium .
