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Published in 2019 at "Journal of Economic Behavior and Organization"
DOI: 10.1016/j.jebo.2019.02.021
Abstract: Abstract We study a series of growth models in which households’ preferences display ‘jealousy’ or ‘external habits’: a negative dependence on average consumption. We argue that accounting for consumption externalities in growth models requires consideration…
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Keywords:
growth;
external habits;
externalities growth;
consumption ... See more keywords