The impact of relative wealth concerns on wealth gap and welfare in a noisy rational expectations economy
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DOI: 10.1016/j.econlet.2023.111376
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More about this item
Keywords
Relative wealth concerns; Wealth gap; Welfare; Noisy rational expectations equilibrium;All these keywords.
JEL classification:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
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