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
2012-01-01

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: https://hdl.handle.net/11367/30900
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