The Intergenerational Case of Missing Markets and Missing Voters
用简单博弈模型研究代际联系，发现当两代人时间相近且共担风险时保险市场有效；否则需通过宪法强制的最低环境标准来干预，以解决市场缺失和选民缺失问题。
A simple game formulation is used to examine the possibility of linking generations when a future generation will confront a risk that can be alleviated by an earlier generation's investment. An insurance market will function provided that the overlapping generations are sufficiently near in time and share risks. Without propinquity or shared risks, there is a need for intervention to overcome the problems of missing markets and missing voters. This intervention should take the form of minimum environmental standards, based on a notion of sustainability that is constitutionally enforced.