Davanzati, Guglielmo Forges; Pacella, Andrea - In: European Journal of Economics and Economic Policies: … 7 (2010) 1, pp. 147-165
The aim of this paper is to study the effect of emulation within a basic schema of the monetary theory of production (MTP). A theoretical model is presented, where workers set their target level of consumption based on the comparison with other workers taken as reference. It is shown that...
