| Salamon, Peter; Komlos, John (May 2005): The Poverty of Growth with Interdependent Utility Functions. Discussion Papers in Economics 2005-9 |
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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.
| Item Type: | Paper (Discussion Paper) |
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| Keywords: | Interdependent utility functions ; growth ; inequality |
| Faculties: | Economics Economics > Munich Discussion Papers in Economics Economics > Munich Discussion Papers in Economics > Micro-Economics Economics > Munich Discussion Papers in Economics > Welfare Economics Economics > Chairs > Chair of Economic History |
| Subjects: | 300 Social sciences > 300 Social sciences, sociology and anthropology 300 Social sciences > 330 Economics |
| JEL Classification: | D62, D63, D64, O00 |
| URN: | urn:nbn:de:bvb:19-epub-619-4 |
| Language: | English |
| ID Code: | 619 |
| Deposited On: | 04. May 2005 |
| Last Modified: | 03. Sep 2018 14:41 |
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