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This paper aims at analyzing the implications of individuals' consumption jealousy on the dynamic structure of a two-sector model economy. We find that status-seeking substantially influences both, the long-term properties and the adjustment behavior of the model. Depending on the status motive,...
Persistent link: https://www.econbiz.de/10009736645
This paper explores the view that a criterion of intergenerational equity serves to make choices according to ethical intuitions on a domain of relevant technological environments. In line with this view I first calibrate different criteria of intergenerational equity in the AK model of economic...
Persistent link: https://www.econbiz.de/10011475618
This paper provides a normative framework for the assessment of the distributional incidence of growth. By removing the anonymity axiom, such framework is able to evaluate the individual income changes over time and the reshu­ ing of individuals along the income distribution that are determined...
Persistent link: https://www.econbiz.de/10013090621
This paper addresses the problem of ranking growth episodes from a microeconomic perspective. While most of the existing criteria, framed in the pro-poor growth tradition, are either based on anonymous individuals or use to identify them on the base of their status in the initial period, this...
Persistent link: https://www.econbiz.de/10013014586
Die Sharing Economy hat sich durch die neuen Kommunikationsmöglichkeiten aus der Nische in die Mitte der Ökonomie katapultiert. Dabei betrifft das Phänomen sehr unterschiedliche Marktbereiche: vom altruistisch motivierten Teilen unter Freunden und Nachbarn bis zu kommerziellen...
Persistent link: https://www.econbiz.de/10010480311
How do you value companies which have IPOed recently? How do you compare them amongst their peers? Valuing companies using a linear extrapolation of their revenues and profits leads to an ingenious method to benchmark stocks against each other. Here we present such a method, dubbed the growth...
Persistent link: https://www.econbiz.de/10013221655
The two sides of envy, destructive and constructive, give rise to qualitatively different equilibria, depending on the … better endowed agents restrain their efforts to prevent destructive envy of the relatively poor. Otherwise, the standard … "keeping up with the Joneses" competition arises, and envy is satisfied through suboptimally high efforts. Economic growth …
Persistent link: https://www.econbiz.de/10010925715