Antoci, Angelo; Sodini, Mauro; Zarri, Luca - In: Decisions in Economics and Finance 37 (2014) 1, pp. 137-158
In this paper, we show that incorporating the relational dimension into an otherwise standard OLG model and focusing on dynamic leisure externalities leads to dramatically different predictions. Here, we show that when the old perceive private and relational consumption as substitutable goods, a...
