Antoci, Angelo; Sodini, Mauro; Zarri, Luca - Dipartimento di Scienze Economiche, Facoltà di Economia - 2012
In this paper, we show that incorporating the relational dimension into an otherwise standard OLG model and focusing on dynamic leisure externalities leads to dramatically different predictions. Here we show that when the old perceive private and relational consumption as substitutable goods, a...
