Browsing by Subject "Welfare"
Now showing items 1-2 of 2
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(Universidad de Chile. Facultad de Economía y Negocios, 2010-06)This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation. Agent’s utility depends on both current consumption and a reference consumption level determined by ...
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(Universidad de Chile Facultad de Economía y Negocios, 2010-06)This paper quantifies cost of consumption externalities in an endogenous growth model with habit formation. Agent´s utility depends on both current consumption and a reference consumption level determined by economy-wide ...