search query: @indexterm status / total: 73
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| Author: | Howarth, R. |
| Title: | Status effects and environmental externalities |
| Journal: | Ecological Economics
1996 : JAN, VOL. 16:1, p. 25-34 |
| Index terms: | ENVIRONMENTAL ECONOMICS STATUS EXTERNALITIES |
| Language: | eng |
| Abstract: | This paper examines a static, competitive economy where the production of a consumption good generates pollution that adversely affects human welfare. Preferences are defined over consumption, leisure, pollution, and economic status. Each person's status increases with her own consumption, but decreases with the average consumption of society. The achievement of a Pareto efficient resource allocation requires a consumption tax to offset the incentive to overcome in the pursuit of enhanced status. |
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