Consumption externalities: a representative consumer model when agents are heterogeneous

DOI10.1007/S00199-007-0296-6zbMath1151.91632OpenAlexW2084660699MaRDI QIDQ957857

Cecilia García-Peñalosa, Stephen J. Turnovsky

Publication date: 1 December 2008

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-007-0296-6

zbMATH Keywords

growthwealth distributionincome distributionconsumption externalities

Mathematics Subject Classification ID

Economic growth models (91B62) Consumer behavior, demand theory (91B42)

Related Items (14)

Network cohesion ⋮ Keeping up with the neighbors: social interaction in a production economy ⋮ Heterogeneous conformism and wealth distribution in a neoclassical growth model ⋮ Aspirations, health and the cost of inequality ⋮ Choosing to keep up with the Joneses and income inequality ⋮ The effects of consumption externalities in an R\&D-based growth model with endogenous skilled and unskilled labor supply ⋮ Can progressive taxation account for cross-country variation in labor supply? ⋮ The relative income hypothesis ⋮ Bivariate almost stochastic dominance ⋮ The fight-or-flight response to the Joneses and inequality ⋮ Dynamic effects of consumption externalities ⋮ Theory of negative consumption externalities with applications to the economics of happiness ⋮ AGGREGATE AND DISTRIBUTIONAL EFFECTS OF TAX POLICY WITH INTERDEPENDENT PREFERENCES: THE ROLE OF “CATCHING UP WITH THE JONESES” ⋮ Inequality and growth: the roles of life expectancy and relative consumption

Cites Work

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