"A number of studies have examined the implications of preference interdependence. This paper models utility as depending on other people's consumption levels and shows that welfare declines with inequality, equilibrium inequality is inefficient, and the optimal intervention leads to a more...

This paper studies monopolistic third-degree price discrimination incorporating consumers' fairness concerns: Discriminatory pricing antagonizes consumers and may reduce their demand. In contrast to previous studies, we show that consumers' concerns about price inequity may deter discriminatory...

This contribution provides a game theoretical derivation of market demand as a function of the level and distribution of income in the considered economy: if (i) the price is low, everyone buys the good; if (ii ) the price is high, only the rich buy the good (a status good in a narrow sense). If...

We analyze the effects of a generalized class of negative consumption externalities (asymmetric and non-atmospheric) on the structure of efficient commodity tax programs. Households are not only concerned about consumption reference levels --- that is, they gain utility from "keeping up with the...

We analyze the effects of a generalized class of negative consumption externalities (asymmetric and non-atmospheric) on the structure of effcient commodity tax programs. Households are not only concerned about consumption reference levels - that is, they gain utility from "keeping up with the...

In einem von der Bundesregierung in Auftrag gegebenen Forschungsprojekt über die Auswirkungen der geänderten gesetzlichen Ladenschlußzeiten am 1. November 1996 wird festgestellt, daß die zeitliche Beschränkung der Öffnungsaktivitäten des Einzelhandels nicht mehr den Anforderungen, die von...