dc.contributor.author
Alonso Carrera, Jaime
dc.contributor.author
Caballé, Jordi
dc.contributor.author
Raurich, Xavier
dc.identifier
https://ddd.uab.cat/record/291910
dc.identifier
urn:oai:ddd.uab.cat:291910
dc.identifier
urn:oai:egreta.uab.cat:publications/68906757-d3fc-492a-a708-b4bca608b647
dc.identifier
urn:pure_id:420133084
dc.description.abstract
Altres ajuts: Xunta de Galícia-PGIDIT03PXIC30001PN
dc.description.abstract
We analyze the welfare properties of the equilibrium path of a growth model where both habits and consumption externalities affect the utility of consumers. Our analysis highlights the crucial role played by complementarities between externalities and habits in order to generate an inefficient dynamic equilibrium. In particular, we show that the competitive equilibrium is inefficient when consumption externalities and habit-adjusted consumption are not perfect substitutes.
dc.format
application/pdf
dc.publisher
CREA-Barcelona Economics,
dc.relation
Ministerio de Ciencia y Tecnología SEC2003-00306
dc.relation
Ministerio de Ciencia y Tecnología BEC2002-01995
dc.relation
Generalitat de Catalunya SGR2001-00162
dc.rights
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dc.rights
https://rightsstatements.org/vocab/InC/1.0/
dc.subject
Habit Formation
dc.subject
Consumption externalities
dc.title
Welfare implications of the interaction between habits and consumption externalities
