@techreport{Strulik2011Poverty,
abstract = {This article investigates economic performance when enforceable property rights are missing and basic needs matter for consumption. It suggests a new view of the so-called voracity effect according to which windfall gains in productivity induce behavior that leads to lower economic growth. Taking into account that the rate of intertemporal substitution in consumption depends on the level of consumption, it is shown that 'voracious behavior' is situation-specific. It occurs when an economy is in decline and suffciently close to stagnation.},
address = {Hannover},
author = {Holger Strulik},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {O11; O13; D74; P48; 330; Economic growth; property rights; common pool resources; voracity; fractionalization; Ersch\"{o}pfbare Ressourcen; Gemeing\"{u}ter; Eigentumsrecht; Entwicklungsstufe; Wachstumstheorie; Theorie},
language = {eng},
number = {473},
publisher = {Wirtschaftswiss. Fak., Leibniz Univ.},
title = {Poverty, voracity, and growth},
type = {Discussion Paper, Wirtschaftswissenschaftliche Fakult\"{a}t, Leibniz Universit\"{a}t Hannover},
url = {http://hdl.handle.net/10419/66034},
year = {2011}
}
