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The poverty of growth with interdependent utility functions

  • Komlos, John
  • Salamon, Peter

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.

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Article provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).

Volume (Year): 37 (2008)
Issue (Month): 6 (December)
Pages: 2242-2247

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Handle: RePEc:eee:soceco:v:37:y:2008:i:6:p:2242-2247
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620175

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