Title of article
Taste for diversity and the optimality of economic growth
Author/Authors
Henri L. F. de Groot، نويسنده , , Richard Nahuis، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1998
Pages
5
From page
291
To page
295
Abstract
We disentangle the taste for diversity in consumption present in endogenous growth models with expanding product variety from the elasticity of substitution between consumption goods. This seriously affects the welfare analysis of the model. If taste for diversity is relatively small, the market rate of growth may be suboptimally large
Keywords
Taste for diversity: Social welfare: Endogenous growth
Journal title
Economics Letters
Serial Year
1998
Journal title
Economics Letters
Record number
434507
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