| dc.creator |
Caballé, Jordi |
|
| dc.creator |
Alonso Carrera, Jaime |
|
| dc.creator |
Raurich, Xavier |
|
| dc.date |
2007-11-06T10:49:10Z |
|
| dc.date |
2007-11-06T10:49:10Z |
|
| dc.date |
2001-10-05 |
|
| dc.date.accessioned |
2017-01-31T00:58:10Z |
|
| dc.date.available |
2017-01-31T00:58:10Z |
|
| dc.identifier |
http://hdl.handle.net/10261/1909 |
|
| dc.identifier.uri |
http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1909 |
|
| dc.description |
We analyze the welfare properties of the competitive equilibrium in a capital accumulation model where individual preferences are subjected to both habit formation and consumption spillovers. We also discuss how consumption externalities and habits interact to generate an inefficient dynamic equilibrium. Finally, we characterize optimal tax policies aimed to restore efficient decentralized paths. |
|
| dc.language |
eng |
|
| dc.relation |
UFAE and IAE Working Papers |
|
| dc.relation |
499.01 |
|
| dc.rights |
openAccess |
|
| dc.subject |
Habit Formation |
|
| dc.subject |
Consumption Externalities |
|
| dc.subject |
Equilibrium Efficiency |
|
| dc.title |
Consumption Externalities, Habit Formation, and Equilibrium Efficiency |
|
| dc.type |
Documento de trabajo |
|