External Habits Formation and the Environment

Safi Fatma ()
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Safi Fatma: University of Sfax, Faculty of Economics and Management, Department of Economics, Tunisia

Naše gospodarstvo/Our economy, 2021, vol. 67, issue 1, 1-12

Abstract: 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 equilibrium. We notice that striving for status leads to environment worsening and capital increasing when the cohort size is large.

Keywords: external habits; overlapping generations; environmental quality (search for similar items in EconPapers)
JEL-codes: D62 D91 E21 Q50 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ngooec:v:67:y:2021:i:1:p:1-12:n:6

DOI: 10.2478/ngoe-2021-0001

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