Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/273158 
Year of Publication: 
2023
Series/Report no.: 
Working Paper No. 001.2023
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
In an economy where consumers are heterogeneous in their preferences over the hedonic and environmental attributes of goods on sale, we explore the effects of anti-consumerism and environmentalism. We show that when the environmental attributes of products come at the expense of the hedonic attributes, a higher supply of anti-consumerism and environmentalism yields the expected positive effect on the environment. In contrast, when hedonic and environmental attributes are jointly met by a good, higher levels of anti-consumerism and environmentalism negatively affect the society's environmental footprint. Moreover, the impact of anti-consumerism and environmentalism on social welfare is far from being obvious, giving rise to unexpected redistributive effects between firms and consumers.
Subjects: 
environmentalism
hedonism
anti-consumerism
hedonic and environmental product attributes
vertical product differentiation
JEL: 
D11
L13
Q50
Document Type: 
Working Paper

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