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-log and does not diminish as incomes rise. If there is a satiation point, we are yet to reach it. …
Persistent link: https://www.econbiz.de/10010293982
the equilibrium with dividends existence problem. Adding to the same assumptions a weak non-satiation condition which … differs from the weak non-satiation assumption introduced by Allouch-Le Van (2009), we show in a last section the existence of …
Persistent link: https://www.econbiz.de/10010368156
Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given … good but new goods may be introduced. A social planner will never elect a trajectory with long-run satiation. Instead, he … satiation. This, despite that the social costs of innovation are second order compared to their social benefits. Multiple …
Persistent link: https://www.econbiz.de/10011744591
does not diminish as incomes rise. If there is a satiation point, we are yet to reach it. …
Persistent link: https://www.econbiz.de/10010319466
Strong growth in disposable income has inflated consumption to unprecedented, but not sustainable levels. In this process consumer behavior has been changing. To explain the driving forces of this development, the paper introduces a theory of evolving consumer preferences that is molded in an...
Persistent link: https://www.econbiz.de/10010286752
Strong growth in disposable income has driven, and is still driving, consumption to unprecedented, but not sustainable levels. To explain the dynamic interplay of needs, need satisfaction, and innovation underlying that growth a behavioral theory of consumption is suggested and discussed with...
Persistent link: https://www.econbiz.de/10010286761
the equilibrium with dividends existence problem. Adding to the same assumptions a weak non-satiation condition which … differs from the weak non-satiation assumption introduced by Allouch-Le Van (2009), we show in a last section the existence of …
Persistent link: https://www.econbiz.de/10009510659
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