Much evidence suggests that people are concerned with their relative consumption, i.e., their consumption in relation … overestimate this welfare change. We also show how relative consumption concerns affect the way public investment ought to be … of sustainable development by deriving analogues to genuine saving when people are concerned with their relative …

Much evidence suggests that people are concerned with their relative consumption, i.e., their consumption in relation … overestimate this welfare change. We also show how relative consumption concerns affect the way public investment ought to be … of sustainable development by deriving analogues to genuine saving when people are concerned with their relative …

into account that their decisions affect the relative consumption position of others. Further, status concerns create … establishes that trade unions can have a welfare-enhancing role in a world with relative consumption effects. …

into account that their decisions affect the relative consumption position of others. Further, status concerns create … establishes that trade unions can have a welfare-enhancing role in a world with relative consumption effects. …