When Samuelson Met Veblen Abroad
National and Global Public Good Provision when Social Comparisons Matter
Bibliographic Data
| ID | 9725294 |
|---|---|
| Authors | Thomas Aronsson (Umeå University), Olof Johansson‐Stenman (0000-0003-4460-4765, University of Gothenburg) |
| Year | 2014 |
| Volume | 81 |
| Issue | 322 |
| Pages | 224-243 |
| Publication date | 2014-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12058 |
| OpenAlex | W2114647981 |
| Language | DE |
| Citations received | 2 |
| References cited | 47 |
This paper derives Pareto‐efficient provision rules for national and global public goods in a two‐country world, where each individual cares about his or her relative consumption of private goods compared to other domestic and foreign residents. We contrast these rules with those following from a non‐cooperative Nash equilibrium. Both national and global public goods are underprovided in Nash equilibrium under such relative consumption concerns. Finally, when individuals also care about the relative consumption of national public goods, based on between‐country comparisons, the optimal provision rule depends on whether or not the national public goods are less positional than private consumption
Consumption (sociology) · Economics · Microeconomics · Nash equilibrium · Pareto principle · Private good · Public economics · Public good · Veblen good · Climate Change Policy and Economics · Economic theories and models · Fiscal Policy and Economic Growth
The Economics of Climate Change
The role of income aspirations in individual happiness
How much do we care about absolute versus relative income and consumption?
Economic Growth and Subjective Well-Being
Income and well-being
Are Positional Concerns Stronger in Some Domains than in Others?
Semiparametric Difference-in-Differences Estimators
Neighbors as Negatives
Well-being over time in Britain and the USA
Will raising the incomes of all increase the happiness of all?
The Pure Theory of Public Expenditure
Optimal environmental taxes under relative consumption effects
Status effects and environmental externalities
Evolutionary Efficiency and Happiness
Social Distance and Social Decisions
Do You Enjoy Having More than Others? Survey Evidence of Positional Goods
Emulation, Inequality, and Work Hours
Income and Happiness
Measuring Future Grandparents' Preferences for Equality and Relative Standing
Who Compares to Whom? The Anatomy of Income Comparisons in Europe
Human Satisfactions and Public Policy
Positional goods, conspicuous consumption and the international demonstration effect reconsidered
Relative Income, Happiness, and Utility
The moral consequences of economic growth
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,17 |
| Citation span | 2014 - 2015 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |