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Year of publication
Subject
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Consumption externalities 90 consumption externalities 59 Nachfrageinterdependenz 34 Interdependent preferences 30 Theorie 26 Externalities 23 Externer Effekt 23 Theory 22 Consumption theory 16 Konsumexternalitäten 16 Konsumtheorie 16 Consumer behaviour 15 Konsumentenverhalten 15 income inequality 11 Consumption Externalities 10 Private consumption 10 Privater Konsum 10 efficiency 9 relative standing 9 indeterminacy 8 Endogenes Wachstumsmodell 7 Wachstumstheorie 7 conspicuous consumption 7 Endogenous growth model 6 Growth theory 6 Income distribution 6 Willingness to pay 6 signalling 6 Einkommensverteilung 5 Game theory 5 Optimal taxation 5 Optimale Besteuerung 5 Revealed preferences 5 Spieltheorie 5 USA 5 United States 5 Wasser 5 Water 5 Zahlungsbereitschaftsanalyse 5 income tax 5
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Online availability
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Free 92 Undetermined 43 CC license 1
Type of publication
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Book / Working Paper 97 Article 61 Other 1
Type of publication (narrower categories)
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Article in journal 33 Aufsatz in Zeitschrift 33 Working Paper 27 Graue Literatur 18 Non-commercial literature 18 Arbeitspapier 17 Article 2 Aufsatz im Buch 2 Book section 2 Hochschulschrift 2 Conference Paper 1 Conference paper 1 Konferenzbeitrag 1 research-article 1
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Language
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English 98 Undetermined 59 German 2
Author
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Alonso-Carrera, Jaime 11 Mino, Kazuo 11 Bilancini, Ennio 10 Raurich, Xavier 10 Boncinelli, Leonardo 8 Konishi, Hideo 8 Cherchye, Laurens 7 Gersbach, Hans 7 Haller, Hans 7 Valente, Simone 7 Caballé, Jordi 5 Nakamoto, Yasuhiro 5 Alvarez-Cuadrado, Francisco 4 Barbar, Riham 4 Bruyneel, Sabrina 4 Cosaert, Sam 4 Del Mercato, Elena L. 4 Dewitte, Siegfried 4 Häckner, Jonas 4 Pastine, Ivan 4 Pastine, Tuvana 4 Platino, Vincenzo 4 Rock, Bram de 4 Bhattacharya, Joydeep 3 Bonnisseau, Jean-Marc 3 Bunzel, Helle 3 Caballe, Jordi 3 Hopkins, Ed 3 Hori, Takeo 3 Hsu, Yu-Shan 3 Kornienko, Tatiana 3 Lai, Yu-Bong 3 Lloyd-Braga, Teresa 3 Modesto, Leonor 3 Sutthiphisal, Dhanoos 3 Airaudo, Marco 2 Al-Hussami, Fares 2 Anderson, Simon P. 2 Barinci, Jean-Paul 2 Barnett, Richard C. 2
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Institution
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Departament d'Economia i Història Econòmica, Universitat Autònoma de Barcelona 6 Dipartimento di Economia "Marco Biagi", Università degli Studi di Modena e Reggio Emilia 4 Institute of Economic Research, Kyoto University 4 Barcelona Graduate School of Economics (Barcelona GSE) 3 C.E.P.R. Discussion Papers 3 Centre d'Études des Politiques Économiques (EPEE), Université d'Évry Val d'Essonne 3 Graduate School of Economics, Osaka University 3 School of Economics, University of Edinburgh 3 CER-ETH Center of Economic Research, Department of Management, Technology and Economics (D-MTEC) 2 Department of Economics and Related Studies, University of York 2 Department of Economics, Boston College 2 Department of Economics, Iowa State University 2 School of Economics, University College Dublin 2 Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 2 Banco de España 1 CESifo 1 Centre d'Économie de la Sorbonne, Université Paris 1 (Panthéon-Sorbonne) 1 Department of Economics and Business, Universitat Pompeu Fabra 1 Department of Economics, University of Massachusetts-Amherst 1 Department of Economics, Virginia Polytechnic Institute and State University (Virginia Tech) 1 Dipartimento di Economia, Metodi Quantitativi e Strategie d'Impresa (DEMS), Facoltà di Economia 1 European Central Bank 1 Institut für Mathematische Wirtschaftsforschung, Universität Bielefeld 1 Institut für Volkswirtschaftslehre, Wirtschaftswissenschaftliche Fakutät 1 Institut für Weltwirtschaft (IfW) 1 Institute for the Study of Labor (IZA) 1 Institute of Economics, Academia Sinica 1 Institutet för Näringslivsforskning (IFN) 1 National Bureau of Economic Research 1 Nationalekonomiska institutionen, Stockholms Universitet 1 Palgrave Macmillan 1 Research Institute for Economics and Business Administration, Kobe University 1 School of Economics and Management, University of Aarhus 1 Society for Computational Economics - SCE 1 Society for Economic Dynamics - SED 1 United Nations University-Maastricht Economic Research Institute of Innovation and Technology (UNU-MERIT) 1 University of Bonn, Germany 1
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Published in...
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UFAE and IAE Working Papers 6 Economics Bulletin 5 KIER Working Papers 4 CEPR Discussion Papers 3 Center for Economic Research (RECent) 3 Discussion Papers in Economics and Business 3 Documents de recherche 3 Documents de travail du Centre d'Economie de la Sorbonne 3 ESE Discussion Papers 3 Economic Theory 3 Economic theory : official journal of the Society for the Advancement of Economic Theory 3 Economics letters 3 Journal of Economics 3 Working Papers / Barcelona Graduate School of Economics (Barcelona GSE) 3 Boston College Working Papers in Economics 2 CER-ETH Economics working paper series 2 Discussion Papers / Department of Economics and Related Studies, University of York 2 Economics Letters 2 Economics Working Paper Series 2 IZA Discussion Papers 2 Journal of Industry, Competition and Trade 2 Journal of economic behavior & organization : JEBO 2 Journal of economic theory 2 Kiel Advanced Studies Working Papers 2 MPRA Paper 2 Open Access publications 2 Quantitative economics : QE ; journal of the Econometric Society 2 Staff General Research Papers / Department of Economics, Iowa State University 2 Working papers of the Center of Economic Research at ETH Zurich 2 Würzburger Beiträge zur Sportwissenschaft 2 2005 Meeting Papers 1 44th Congress of the European Regional Science Association: "Regions and Fiscal Federalism", 25th - 29th August 2004, Porto, Portugal 1 Banco de España Working Papers 1 CESifo Working Paper 1 CESifo Working Paper Series 1 CESifo working papers 1 Cleaner and responsible consumption 1 Computing in Economics and Finance 2003 1 Decisions in economics and finance : a journal of applied mathematics 1 Department of Economics / Dipartimento di Economia "Marco Biagi", Università degli Studi di Modena e Reggio Emilia 1
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Source
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RePEc 86 ECONIS (ZBW) 58 EconStor 13 BASE 1 Other ZBW resources 1
Showing 1 - 50 of 159
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Intergenerational transmission of preferences and the operativeness of bequest motive
Alonso-Carrera, Jaime; Bouché, Stéphane - In: Journal of money, credit and banking : JMCB 56 (2024) 4, pp. 899-932
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014545038
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Pareto improving taxes with externalities
Nguyen, Van-Quy; Bonnisseau, Jean-Marc; Del Mercato, … - 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014559137
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The veto power of the grand coalition in economies with consumption externalities
Graziano, Maria Gabriella; Pesce, Marialaura; Platino, … - 2024
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A dynamic common resource model : stochastic shocks and consumption externalities
Watanabe, Riku - 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015069338
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Do expenditure cascades exist? : evidence from Bush Administration tax reforms
Park, Jinseong - 2024
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015100930
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The good, the bad and the worse : current, past and future consumption externalities and equilibrium efficiency
Gómez, Manuel A. - In: Journal of economics 137 (2022) 3, pp. 195-228
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Existence of an equilibrium in Arrowian markets for consumption externalities
Bonnisseau, Jean-Marc; Del Mercato, Elena L.; … - 2022
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013169878
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Consumption externalities, elastic labor supply and wealth distribution
Sanou, Issa - In: Economic modelling 137 (2024), pp. 1-20
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014549224
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Tariffs, product standards, and national treatment at the WTO
Geng, Difei - In: Economic inquiry 62 (2024) 3, pp. 1105-1133
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Germany's global water consumption under consideration of the local safe operating spaces of watersheds worldwide
Bunsen, Jonas; Berger, Markus; Ward, Hauke; Finkbeiner, … - In: Cleaner and responsible consumption 3 (2021), pp. 1-10
Germany is one of the five largest consumer markets in the world. Given that both supply chains and water consumption in agriculture, industry and underlying resource extraction and energy generation are globally intertwined, consumption in Germany undeniably has a major impact on global water...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014226826
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Sufficient conditions for a "simple" decentralization with consumption externalities
Del Mercato, Elena L.; Quyen, Nguyen-van - In: Journal of economic theory 209 (2023), pp. 1-28
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014371736
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Existence of an equilibrium in arrowian markets for consumption externalities
Bonnisseau, Jean-Marc; Del Mercato, Elena L.; … - In: Journal of economic theory 209 (2023), pp. 1-17
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014371737
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Wage inequality, labor income taxes, and the notion of social status
Bilancini, Ennio; Boncinelli, Leonardo - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-32, pp. 1-35
The authors investigate the desirability of income taxes when the objective is to mitigate wasteful conspicuous consumption generated by people's status-seeking behavior. They consider the joint role of pre-tax wage inequality and of social norms determining how social status is assigned. They...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012007751
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Wage inequality, labor income taxes, and the notion of social status
Bilancini, Ennio; Boncinelli, Leonardo - 2019
The authors investigate the desirability of income taxes when the objective is to mitigate wasteful conspicuous consumption generated by people's status-seeking behavior. They consider the joint role of pre-tax wage inequality and of social norms determining how social status is assigned. They...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012007390
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Wage inequality, labor income taxes, and the notion of social status
Bilancini, Ennio; Boncinelli, Leonardo - 2018
The authors investigate the desirability of income taxes when the objective is to mitigate wasteful conspicuous consumption generated by people's status-seeking behavior. They consider the joint role of pre-tax wage inequality and of social norms determining how social status is assigned. They...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011848208
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Von Dauersupportern und Konsumenten : eine Analyse der Bedeutung von Fußballzuschauern für die Stadionatmosphäre
Linkelmann, Jannis - 2018 - 1. Auflage
Zuschauern von Fußballspielen kommt eine eigene Rolle zu, die sie gewissermaßen zu Teilnehmern an dem Erlebnis Stadionbesuch werden lässt: Durch die Unterstützung ihrer eigenen Mannschaft durch Gesänge, Rufe und Applaus entsteht ein Qualitätsmerkmal der deutschen Bundesliga – die...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015199098
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Wage inequality, labor income taxes, and the notion of social status
Bilancini, Ennio; Boncinelli, Leonardo - 2018
The authors investigate the desirability of income taxes when the objective is to mitigate wasteful conspicuous consumption generated by people's status-seeking behavior. They consider the joint role of pre-tax wage inequality and of social norms determining how social status is assigned. They...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011846978
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Positional goods and social welfare : a note on George Pendleton Watkins' neglected contribution
Fiorito, Luca; Vatiero, Massimiliano - 2018
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011847615
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Von Dauersupportern und Konsumenten : eine Analyse der Bedeutung von Fußballzuschauern für die Stadionatmosphäre
Linkelmann, Jannis - 2018 - 1. Auflage
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011795618
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Capital accumulation game with quasi-geometric discounting and consumption externalities
Futagami, Koichi; Nakabo, Yuta - In: Economic theory 71 (2021) 1, pp. 251-281
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012433452
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Consumption externalities and growth : theory and evidence for the United States
Petach, Luke A.; Tavani, Daniele - In: Journal of economic behavior & organization : JEBO 183 (2021), pp. 976-997
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Measuring the willingness-to-pay for others' consumption: An application to joint decisions of children
Bruyneel, Sabrina; Cherchye, Laurens; Cosaert, Sam; De … - In: Quantitative Economics 8 (2017) 3, pp. 1037-1082
We propose a method to quantify other-regarding preferences in group decisions. Our method is based on revealed preference theory. It measures willingness-to- pay for others' consumption and willingness-to-pay for equality in consumption by evaluating consumption externalities in monetary terms....
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011995510
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Measuring the willingness-to-pay for others’ consumption : an application to joint decisions of children
Bruyneel, Sabrina; Cherchye, Laurens; Cosaert, Sam; … - In: Quantitative economics : QE ; journal of the … 8 (2017) 3, pp. 1037-1082
We propose a method to quantify other-regarding preferences in group decisions. Our method is based on revealed preference theory. It measures willingness-to- pay for others’ consumption and willingness-to-pay for equality in consumption by evaluating consumption externalities in monetary...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011801805
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Dynamic effects of consumption externalities
Barbar, Riham; Ismael, Mohanad - In: Decisions in economics and finance : a journal of … 43 (2020) 2, pp. 725-750
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012427664
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Using Field Experiments to Address Environmental Externalities and Resource Scarcity : Major Lessons Learned and New Directions for Future Research
Price, Michael - 2015
This article provides an overview of the use of field experiments in energy and resource economics. I concentrate on two areas of study; field experiments that (i) speak to the use of dynamic pricing plans to manage the use of electricity and water and (ii) explore the adoption of energy saving...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013030057
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The role of critical mass in establishing a successful network market : an experimental investigation
Ruffle, Bradley J.; Weiss, Avi; Etziony, Amir - 2015
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011349938
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Using Field Experiments to Address Environmental Externalities and Resource Scarcity : Major Lessons Learned and New Directions for Future Research
Price, Michael - 2015
This article provides an overview of the use of field experiments in energy and resource economics. I concentrate on two areas of study; field experiments that (i) speak to the use of dynamic pricing plans to manage the use of electricity and water and (ii) explore the adoption of energy saving...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012457796
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Consumption externalities, product quality, and the role of national treatment
Ferrara, Ida; Missios, Paul C. - 2015
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011378409
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Product quality, consumption externalities, and the role of National Treatment
Ferrara, Ida; Missios, Paul C. - In: European economic review : EER 117 (2019), pp. 1-35
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012238176
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Conformism and Wealth Distribution
MIno, Kazuo; Nakamoto, Yasuhiro - Institute of Economic Research, Kyoto University - 2014
This paper explores the role of consumption externalities in a neoclassical growth model in which households have heterogeneous preferences. We fi?nd that the degree of conformism in consumption held by each household signifi?cantly affects the speed of convergence of the aggregate economy as...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010891019
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Market Separation, Negative Consumption Externalities and Capacity Constraints
Bustos, Álvaro E. - 2014
Companies that offer services with capacity constraints in which there are negative consumption externalities (such as restaurants that serve smokers and non-smokers, airlines that fly passengers traveling with infants and without infants or organizers of sport events that serve aggressive and...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013059538
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Measuring the willingness-to-pay for others’ consumption : an application to joint decisions of children
Bruyneel, Sabrina; Cherchye, Laurens; Cosaert, Sam; … - 2014
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010423252
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Household Formation and Markets
Haller, Hans; Gersbach, Hans; Konishi, Hideo - Department of Economics, Virginia Polytechnic Institute … - 2013
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner’s commodity consumption and unpriced actions are allowed. Each individual has two types of traits:...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011133876
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Household Formation and Markets
Konishi, Hideo; Gersbach, Hans; Haller, Hans - Department of Economics, Boston College - 2013
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner's commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011106298
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A positional game for an overlapping generation economy
Naimzada, Ahmad; Pireddu, Marina - Dipartimento di Economia, Metodi Quantitativi e … - 2013
We develop a model with intra-generational consumption externalities, based on the overlapping generation version of Diamond (1965) model. More specifically, we consider a two-period lived overlapping generation economy, assuming that the utility of each consumer depends also on the average...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010901450
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Welfare Implications and Equilibrium Indeterminacy in a Two-sector Growth Model with Consumption Externalities
Chen, Been-Lon; Hsu, Yu-Shan; Mino, Kazuo - Institute of Economics, Academia Sinica - 2013
In one-sector neoclassical growth models, consumption externalities lead to an inefficient allocation in a steady state and indeterminate equilibrium toward a steady state only if there is a labor-leisure tradeoff. This paper shows that in a two-sector neoclassical growth model, even without a...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010723448
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Household Formation and Markets
Gersbach, Hans; Haller, Hans; Konishi, Hideo - CESifo - 2013
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner’s commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010698700
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Household Formation and Markets
Gersbach, Hans; Haller, Hans; Konishi, Hideo - 2013
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partner's commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010323019
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Household formation and markets
Gersbach, Hans; Haller, Hans; Konishi, Hideo - 2013 - This Version: September 2013
We consider competitive markets for multiple commodities with endogenous formation of one- or two-person households. Within each two-person household, externalities from the partnerś commodity consumption and unpriced actions are allowed. Each individual has two types of traits: observable...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010189829
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Welfare implications and equilibrium indeterminacy in a two-sector growth model with consumption externalities
Chen, Been-lon; Hsu, Yu-shan; Mino, Kazuo - 2013
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010189934
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Market separation, negative consumption externalities and capacity constraints
Bustos, Ivaro - 2013
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010344543
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Non-paternalistic benevolence, consumption externalities and the liberal social contract
Mercier Ythier, Jean - In: Revue d'économie politique 128 (2018) 2, pp. 267-296
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011856708
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Current account imbalances and income inequality: Theory and evidence
Al-Hussami, Fares; Remesal, Álvaro Martín - 2012
In this paper we analyze theoretically and empirically the impact of an increase in income inequality on the current account balance. We develop a model with consumption externalities and heterogeneous agents which explains how an increase in income inequality can affect negatively or positively...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010283273
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Can taxes stabilize the economy in the presence of consumption externalities?
Lloyd-Braga, Teresa; Modesto, Leonor - 2012
Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of the keeping up with the Joneses type. We find that sufficiently procyclical labor and/or capital...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010289988
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Envy and habits : panel data estimates of interdependent preferences
Alvarez-Cuadrado, Francisco; Sutthiphisal, Dhanoos; … - 2012
We estimate the importance of preference interdependence from consumption choices. Our strategy follows the literature that tests the constraints imposed by optimality in the evolution of individual consumption. We derive a Euler equation from a preference specifi cation that allows for...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012530376
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Current Account Imbalances and Income Inequality: Theory and Evidence
Al-Hussami, Fares; Remesal, Álvaro Martín - Institut für Weltwirtschaft (IfW) - 2012
In this paper we analyze theoretically and empirically the impact of an increase in income inequality on the current account balance. We develop a model with consumption externalities and heterogeneous agents which explains how an increase in income inequality can affect negatively or positively...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010886828
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Envy and habits: Panel data estimates of interdependent preferences
Casado, Jose Maria; Alvarez-Cuadrado, Francisco; … - United Nations University-Maastricht Economic Research … - 2012
We estimate the importance of preference interdependence from consumption choices. Our strategy follows the literature that tests the constraints imposed by optimality in the evolution of individual consumption. We derive an Euler equation from a preference specification that allows for...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010856444
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Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?
Lloyd-Braga, Teresa; Modesto, Leonor - Institute for the Study of Labor (IZA) - 2012
Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of the "keeping up with the Joneses" type. We find that sufficiently procyclical labor and/or capital...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010578209
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Conformism and Structural Change
Hori, Takeo; Ikefuji, Masako; Mino, Kazuo - Institute of Economic Research, Kyoto University - 2012
We study structural change in a simple, two-sector endogenous growth model and show that the presence of commodity-specific consumption externalities can be a source of structural change. When the degrees of consumption externalities are different between different goods, the two sectors grow at...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010553128
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Welfare Implications and Equilibrium Indeterminacy in a Two-sector Growth Model with Consumption Externalities
Chen, Been-Lon; Hsu, Yu-Shan; Mino, Kazuo - Institute of Economic Research, Kyoto University - 2012
One-sector neoclassical growth models reveal that consumption externalities lead to inefficient allocation in a steady state and indeterminate equilibrium toward the steady state only if there is a labor-leisure tradeoff. This paper shows that in a two-sector neoclassical growth model, even...
Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10010553129
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