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The poverty of growth with interdependent utility functions

Authors
Publication Date
Keywords
  • D63
  • D62
  • O00
  • D64
  • Ddc:330
  • Interdependent Utility Functions
  • Growth
  • Inequality
  • Wirtschaftswachstum
  • Verteilungskonflikt
  • Nutzenfunktion
  • Konsuminterdependenz
  • Theorie

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, i.e., envy.

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