The good, the bad and the worse: current, past and future consumption externalities and equilibrium efficiency

DOI10.1007/S00712-022-00788-6MaRDI QIDQ2099501zbMATH OpenOpenAlexFDO

Authors Manuel A. Gómez

Publication date 24 November 2022

Published in Journal of Economics (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s00712-022-00788-6

zbMATH Keywords

anticipated consumptionconsumption externalitiesefficiencyhabits

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Economic dynamics (91B55)

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Cites work

• A note on external habits and efficiency in the AK model
• Anticipated consumption and its impact on capital accumulation and growth: ``forward-looking versus ``backward-looking consumption reference
• Comparison utility in a growth model
• Conspicuous consumption, economic growth, and taxation
• Equilibrium Efficiency in the Ramsey Model with Habit Formation
• Keeping up with or running away from the Joneses: the Barro model revisited
• On the closed-form solution of an endogenous growth model with anticipated consumption
• Optimal consumption taxation in a model of endogenous growth with external habit formation
• Optimal Taxation when Consumers Have Endogenous Benchmark Levels of Consumption
• Relative consumption, economic growth, and taxation
• The calculus of variations and optimal control. An introduction
• The green golden rule: habit and anticipation of future consumption

Cited in

(8)

• Theory of negative consumption externalities with applications to the economics of happiness
• Overconsumption, reference groups, and equilibrium efficiency
• A note on external habits and efficiency in the AK model
• Mean consumption representation of consumption externalities
• Anticipated consumption and its impact on capital accumulation and growth: ``forward-looking versus ``backward-looking consumption reference
• Equilibrium Efficiency in the Ramsey Model with Habit Formation
• Anticipation under lack of commitment leads to excess growth
• Global dynamics and optimal policy in the \textit{Ak} model with anticipated future consumption

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