This paper shows that the interaction between consumption and production externalities generates the emergence of poverty traps in a simple model where individuals care of their relative consumption since holding a relatively advantageous position is instrumental to obtain productive benefits.

Relative consumption and poverty traps

LOMBARDO, VINCENZO
2012

Abstract

This paper shows that the interaction between consumption and production externalities generates the emergence of poverty traps in a simple model where individuals care of their relative consumption since holding a relatively advantageous position is instrumental to obtain productive benefits.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11367/30900
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