Search Results - subject:"Positional preferences"

Do positional preferences for wealth and consumption cause inter-temporal distortions?

Wendner, Ronald - Institut für Volkswirtschaftslehre, Social- und … - 2015

This paper derives necessary and sufficient conditions under which positional preferences do not induce inter …-temporal distortions. When labor supply is exogenous, positional preferences for consumption have been shown to be non-distortionary for a … preferences for wealth. The analysis identifies a restricted homogeneity-property which, when not satisfied, induces positional …

Persistent link: https://www.econbiz.de/10011272294

State-variable public goods and social comparisons

Aronsson, Thomas; Johansson-Stenman, Olof - In: Journal of Environmental Economics and Management 68 (2014) 2, pp. 390-410

The optimal provision of a state-variable public good, where the global climate is the prime example, is analyzed in a model where people care about their relative consumption. We consider both keeping-up-with-the-Joneses preferences (where people compare their own current consumption with...

Persistent link: https://www.econbiz.de/10010939572

State-variable public goods and social comparisons

Aronsson, Thomas; Johansson-Stenman, Olof - In: Journal of environmental economics and management : … 68 (2014) 2, pp. 390-410

Persistent link: https://www.econbiz.de/10010491077