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the income-pollution pattern observed in the real world. Low levels of income involve high values of discount rate, that …-shaped income-pollution pattern, making use of an argument that has never yet been introduced in the economic debate on this issue. …
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attention in the literature on optimal income taxation. This paper offers a simple and transparent analysis of its main …
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The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
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