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Keeping up with the Joneses, consumer ethnocentrism, and optimal taxation

✍ Scribed by Chia-ying Liu; Juin-jen Chang


Book ID
116424234
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
216 KB
Volume
28
Category
Article
ISSN
0264-9993

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KEEPING UP WITH THE JONESES, GROWTH, AND
✍ Chris Tsoukis πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 231 KB

## ABSTRACT A recent class of models on β€˜keeping up with the Joneses’ suggests that comparison with the consumption of other individuals affects individual utility. This paper nests three variants of the β€˜Joneses’ effect into an otherwise standard growth model. Under some conditions, growth and dis