Resource-grabbing by status-conscious agents

We introduce a dynamic model of resource-grabbing by status-conscious agents, i.e., agents value not only their absolute consumption levels, but also the relative status within their reference group. We explore the effect of the concern for relative consumption on the growth rate and the welfare of...

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Bibliographic details
Volume: 89
Main Author: Long, Ngo Van
Wang, Shengzu
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM Elsevier B.V 2009
ELSEVIER SCIENCE BV
Elsevier
Elsevier Science Publishers
published in: Journal of development economics Vol. 89; no. 1; pp. 39 - 50
Data of publication: 2009
ISSN: 0304-3878
1872-6089
EISSN: 1872-6089
Discipline: Economics
Series: Journal of Development Economics
Subjects:
D6
O1
D9
C73
Q20
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2009
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Web of Science
RePEc
RePEc IDEAS
CrossRef
Academic OneFile (A&I only)
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