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The poverty of growth with interdependent utility functions

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  • Komlos, John
  • Salamon, Peter

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 in consumption, i.e. envy.

Suggested Citation

  • Komlos, John & Salamon, Peter, 2008. "The poverty of growth with interdependent utility functions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2242-2247, December.
    • Handle: RePEc:eee:soceco:v:37:y:2008:i:6:p:2242-2247
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    3. Ren, Yulong & Fu, Shijun, 2010. "A quantitative model of regulator’s preference factor (RPF) in electricity–environment coordinated regulation system," Energy, Elsevier, vol. 35(12), pages 5185-5191.

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    More about this item

    Keywords

    Interdependent utility functions Growth Inequality;

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General

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