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vor 21 Jahren
We argue that with interdependent utility functions growth can lead
to a decline in total welfare of a society if the gains from growth
are sufficiently unequally distributed in the presence of negative
externalities, i.e., envy.
to a decline in total welfare of a society if the gains from growth
are sufficiently unequally distributed in the presence of negative
externalities, i.e., envy.
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