External Habits Formation and the Environment
The present paper presents a standard overlapping generations model with external habits formation and environmental quality in the utility function. Our main objective is to study the impact of external habits on capital accumulation and environmental quality on the intertemporal competitive equili...
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| Format: | Article |
| Language: | English |
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Sciendo
2021-03-01
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| Series: | Naše Gospodarstvo |
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| Online Access: | https://doi.org/10.2478/ngoe-2021-0001 |