The poverty of growth with interdependent utility functions
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities in consumption, i.e. envy.
Year of publication: |
2008
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Authors: | Komlos, John ; Salamon, Peter |
Published in: |
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics). - Elsevier, ISSN 2214-8043. - Vol. 37.2008, 6, p. 2242-2247
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Publisher: |
Elsevier |
Subject: | Interdependent utility functions Growth Inequality |
Saved in:
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