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This paper presents a formal model in which differential satiation dynamics of various consumer needs translate into long-run changes of consumer behavior when income rises. In the model individuals allocate their income to the consumption categories proportional to need deprivation states...
Persistent link: https://www.econbiz.de/10010327361
This paper presents a formal model in which differential satiation dynamics of various consumer needs translate into long-run changes of consumer behavior when income rises. In the model individuals allocate their income to the consumption categories proportional to need deprivation states...
Persistent link: https://www.econbiz.de/10010894151
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Structural change in basic industries is usually interpreted as an autonomous economic process. Some authors claim that there is a tendency to use the "end of the era of materials", thus resulting in a decline of the basic industries. Such a process would obviously benefit the environment....
Persistent link: https://www.econbiz.de/10013523180
Structural change in advanced industrialized countries has followed a very ambivalent course, with the resulting reductions in environmental stress in one area often being cancelled out by increases in another. What role has been played in this to date by industrial and economic policy? What...
Persistent link: https://www.econbiz.de/10011547325