The Poverty of Growth with Interdependent Utility Functions
AbstractWe 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.
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Bibliographic InfoPaper provided by University of Munich, Department of Economics in its series Discussion Papers in Economics with number 619.
Date of creation: May 2005
Date of revision:
Interdependent utility functions ; growth ; inequality;
Other versions of this item:
- 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.
- John Komlos & Peter Salamon, 2005. "The Poverty of Growth with Interdependent Utility Functions," CESifo Working Paper Series 1470, CESifo Group Munich.
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- O00 - Economic Development, Technological Change, and Growth - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-05-07 (All new papers)
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