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dc.contributor.authorCaballé, Jordi-
dc.contributor.authorAlonso Carrera, Jaime-
dc.contributor.authorRaurich, Xavier-
dc.date.accessioned2007-11-06T10:49:10Z-
dc.date.available2007-11-06T10:49:10Z-
dc.date.issued2001-10-05-
dc.identifier.urihttp://hdl.handle.net/10261/1909-
dc.description.abstractWe analyze the welfare properties of the competitive equilibrium in a capital accumulation model where individual preferences are subjected to both habit formation and consumption spillovers. We also discuss how consumption externalities and habits interact to generate an inefficient dynamic equilibrium. Finally, we characterize optimal tax policies aimed to restore efficient decentralized paths.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesUFAE and IAE Working Papersen_US
dc.relation.ispartofseries499.01en_US
dc.rightsopenAccessen_US
dc.subjectHabit Formationen_US
dc.subjectConsumption Externalitiesen_US
dc.subjectEquilibrium Efficiencyen_US
dc.titleConsumption Externalities, Habit Formation, and Equilibrium Efficiencyen_US
dc.typedocumento de trabajoen_US
Appears in Collections:(IAE) Informes y documentos de trabajo
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