Salamon, Peter and Komlos, John
(May 2005):
The Poverty of Growth with Interdependent Utility Functions.
Discussion Papers in Economics
2005-9
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DOI: 10.5282/ubm/epub.619
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 |
|---|---|
| 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 |
| Item ID: | 619 |
| Date Deposited: | 04. May 2005 |
| Last Modified: | 04. Nov 2020, 13:13 |
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