Local environmental quality and heterogeneity in an OLG agent-based model with spatial externalities
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F22%3A10249374" target="_blank" >RIV/61989100:27510/22:10249374 - isvavai.cz</a>
Result on the web
<a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8810287/" target="_blank" >https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8810287/</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s11403-022-00346-9" target="_blank" >10.1007/s11403-022-00346-9</a>
Alternative languages
Result language
angličtina
Original language name
Local environmental quality and heterogeneity in an OLG agent-based model with spatial externalities
Original language description
Most of the theoretical contributions on the relationship between economy and environment assume the environment as a good distributed homogeneously among agents. The aim of this work is to relax this hypothesis and to consider that the environment can have a local character even if conditioned through externalities by the choices made at the global level. In this article, we adapt the classical framework introduced in John and Pecchenino (Econ J 104(427):1393-1410, 1994) to analyze the dynamic relationship between environment and economic process, and we propose an OLG agent-based model where each agent perceives her own level of environmental quality determined by her own decisions, and by the decisions of those living around her. Despite the attention devoted to local environmental aspects, network externalities (determined through the scheme of Moore neighborhoods) play a fundamental role in defining environmental dynamics and they may induce the emergence of cyclical dynamics. The occurrence of oscillations in the local environmental quality is partially mitigated by the presence of heterogeneity in individuals' preferences. Finally, when a centralized planner is introduced, the dynamics converge to stationary values regardless of the assumption on heterogeneity of agents. (C) 2022, The Author(s).
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
<a href="/en/project/EF18_053%2F0016985" target="_blank" >EF18_053/0016985: Science without borders 2.0</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Economic Interaction and Coordination
ISSN
1860-711X
e-ISSN
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Volume of the periodical
17
Issue of the periodical within the volume
1
Country of publishing house
DE - GERMANY
Number of pages
31
Pages from-to
287-317
UT code for WoS article
000749932900001
EID of the result in the Scopus database
2-s2.0-85124073468