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Salamon, Peter und Komlos, John (Mai 2005): The Poverty of Growth with Interdependent Utility Functions. Münchener Wirtschaftswissenschaftliche Beiträge (VWL) 2005-9 [PDF, 150kB]

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Abstract

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.

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