Fisher, Walter H.; Heijdra, Ben J. - In: Journal of Economic Dynamics and Control 33 (2009) 1, pp. 53-64
In this paper we consider the implications of relative consumption externalities in the Blanchard-Yaari overlapping generations framework. Unlike most of the macroeconomic literature that studies this question, the differences between agents, and, thus, in their relative position, persist in...
