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• W2279360069 abstract "We analyze an overlapping generations model where individuals’ wellbeing is negatively affected by the economy-wide average consumption level. Each individual aims at increasing his consumption level relatively to that of the others. We show that this positional competition can generate (local and global) indeterminacy and chaos. Mathematics Subject Classifications (2000): 37N40, 37M20, 39A11" @default.
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• W2279360069 date "2010-01-01" @default.
• W2279360069 modified "2023-09-23" @default.
• W2279360069 title "Local and global indeterminacy in an overlapping generations model with consumption externalities" @default.
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