--- that is, they gain utility from "keeping up with the Joneses" --- they also exhibit altruism. Two sets of efficient tax … regimes are compared, based, on a welfarist- and a non-welfarist optimality criterion, respectively. Altruism turns out not to … be at odds with the consumption externalities. Rather, altruism implicates a bound on efficient utility allocations. A …

This paper analyzes the welfare effects of altruism on the optimal fiscal policy. The existence of positive bequests … channel is not present in economies without altruism, such as the infinite-lived consumer economy or the overlapping …

- that is, they gain utility from "keeping up with the Joneses" - they also exhibit altruism. Two sets of efficient tax … regimes are compared, based, on a welfarist- and a non-welfarist optimality criterion, respectively. Altruism turns out not to … be at odds with the consumption externalities. Rather, altruism implicates a bound on efficient utility allocations. A …