Distribution and growth in an economy with limited needs
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a mon...
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Format: | UnknownFormat |
Sprache: | eng |
Veröffentlicht: |
Munich
Univ., Center for Economic Studies
2001
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Schriftenreihe: | CESifo working paper series
423 |
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