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- Aronsson, Thomas,1963-Umeå universitet,Nationalekonomi (author)
State-variable public goods and social comparisons
- Article/chapterEnglish2014
Publisher, publication year, extent ...
- Elsevier,2014
- electronicrdacarrier
Numbers
- LIBRIS-ID:oai:DiVA.org:umu-92076
- https://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-92076URI
- https://doi.org/10.1016/j.jeem.2014.07.001DOI
- https://gup.ub.gu.se/publication/205620URI
Supplementary language notes
- Language:English
- Summary in:English
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- SwePubSwePub
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Notes
- The optimal provision of a state-variable public good, where the global climate is the prime example, is analyzed in a model where people care about their relative consumption. We consider both keeping-up-with-the-Joneses preferences (where people compare their own current consumption with others’ current consumption) and catching-up-with-the-Joneses preferences (where people compare their own current consumption with others’ past consumption) in an economy with two productivity types, overlapping generations, and optimal nonlinear income taxation. The extent to which the conventional rules for provision of state-variable public goods (a dynamic analog of the Samuelson rules) ought to be modified is shown to clearly depend on the strength of the relative concerns of both kinds, but also on the preference elicitation format.
Subject headings and genre
- SAMHÄLLSVETENSKAP Ekonomi och näringsliv Nationalekonomi hsv//swe
- SOCIAL SCIENCES Economics and Business Economics hsv//eng
- SAMHÄLLSVETENSKAP Ekonomi och näringsliv hsv//swe
- SOCIAL SCIENCES Economics and Business hsv//eng
- state-variable public goods
- asymmetric information
- relative consumption
- status
- positional preferences
- climate policy
- nationalekonomi
- Economics
- State-variable public goods
- relative consumption
- status
- positional preferences
- climate policy
Added entries (persons, corporate bodies, meetings, titles ...)
- Johansson-Stenman, Olof,1966Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik, Enheten för miljöekonomi,Department of Economics, Environmental Economics Unit(Swepub:gu)xjohol (author)
- Umeå universitetNationalekonomi (creator_code:org_t)
Related titles
- In:Journal of Environmental Economics and Management: Elsevier68:2, s. 390-4100095-06961096-0449
Internet link
- https://doi.org/10.1016/j.jeem.2014.07.001Fulltext
- https://umu.diva-portal.org/smash/get/diva2:739504/FULLTEXT01.pdffulltext:print
- https://doi.org/10.1016/j.jeem.2014.07.001
- https://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-92076
- https://doi.org/10.1016/j.jeem.2014.07.001
- https://gup.ub.gu.se/publication/205620
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