Arbeitspapier
Regulating the Environmental Consequences of Preferences for Social Status within an Evolutionary Framework
Taking as given that we are consuming too much and that overconsumption leads to environmental degradation, the present paper examines the regulator's choices between informative advertisement and consumption taxation. We model overconsumption by considering individuals that care about social status apart from the intrinsic utility, derived from direct consumption. We assume that there also exist individuals that care only about their own private consumption and we examine the evolution of preferences through time by allowing individuals to alter their behavior as a result of a learning process, akin to a replicator dynamics type. We consider the regulator's choice of consumption taxation and informative advertisement both in an arbitrary and an optimal control context. In the arbitrary overconsumption control context we find that the regulator could decrease, or even eliminate, the share of status seekers in the population. In the context of optimal overconsumption control, we show that the highest welfare is attained when status seekers are completely eliminated, while the lowest in the case that the entire population consists of status seekers.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 34.2015
- Klassifikation
-
Wirtschaft
Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Environmental Economics: Government Policy
Externalities
Asymmetric and Private Information; Mechanism Design
- Thema
-
Status-seaking
Replicator Dynamics
Information Provision
Environmental Taxation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sartzetakis, Eftichios S.
Xepapadeas, Anastasios
Yannacopoulos, Athanasios
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Sartzetakis, Eftichios S.
- Xepapadeas, Anastasios
- Yannacopoulos, Athanasios
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2015
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