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Can I read Jealousy and Underconsumption in a One-sector Model with Wealth Preference on EtoBox?
Jealousy and Underconsumption in a One-sector Model with Wealth Preference by Yasuhiro Nakamoto is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Jealousy and Underconsumption in a One-sector Model with Wealth Preference about?
The present paper examines the effects of consumption externalities on economic performance in a one-sector model with wealth preference. The presence of the wealth preference generates a wealth effect in consumption growth, which plays a crucial role for consumption externalities to have impacts on the economy. Our main findings are: (i) regardless of the assumption of inelastic labor supply, the distortionary effect of consumption externalities stays in the long run; (ii) the income tax as well as the consumption tax can modify the efficiency; and (iii) the numerical simulations supplement theoretical findings.
Who reads Jealousy and Underconsumption in a One-sector Model with Wealth Preference?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Yasuhiro Nakamoto
- Publisher
- Elsevier Science; Elsevier ; Elsevier BV (ISSN 0165-1889)
- Published
- 2009
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)