Bougherara, Douadia; Costa, Sandrine; Grolleau, Gilles; … - LAboratoire Montpelliérain d'Économie Théorique et … - 2010
The social welfare effect of positional concerns over public goods is composed of two parts, a positional outcome and an outcome in terms of public goods provision. When agents have homogenous positional preferences over the public good, they overinvest in the positional public good, resulting...