Will the consumption externalities' effects in the Ramsey model please stand up?

DOI10.1016/J.ECONLET.2011.02.027MaRDI QIDQ553386zbMATH OpenOpenAlexFDO

Authors Ronald Wendner

Publication date 27 July 2011

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://mpra.ub.uni-muenchen.de/22905/1/MPRA_paper_22905.pdf

zbMATH Keywords

Ramsey modelconsumption externalityintertemporal elasticity of substitutionkeeping up with the Joneses

Mathematics Subject Classification ID

Economic growth models (91B62)

Recommendations

• Relative consumption, economic growth, and taxation
• Dynamic effects of consumption externalities
• Consumption Externalities, Production Externalities and Indeterminacy
• Consumption externalities and equilibrium dynamics with heterogeneous agents
• Consumption externalities with endogenous time preference

Cites work

• Conspicuous consumption, economic growth, and taxation
• Habit formation, catching up with the Joneses, and economic growth
• Relative consumption, economic growth, and taxation

Cited in

(6)

• The green golden rule: habit and anticipation of future consumption
• Anticipated consumption and its impact on capital accumulation and growth: ``forward-looking versus ``backward-looking consumption reference
• Veblen's theory of the leisure class revisited: implications for optimal income taxation
• Happiness due to consumption and its increases, wealth and status
• Dynamic effects of consumption externalities
• Jealousy and underconsumption in a one-sector model with wealth preference

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