Optimal consumption dynamics with non-concave habit-forming utility

DOI10.1016/0165-1765(93)00296-ZzbMath0799.90039OpenAlexW2056324015MaRDI QIDQ1327890

David Zervos, Athanasios Orphanides

Publication date: 3 July 1994

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(93)00296-z

zbMATH Keywords

optimal policiessteady statesdynamics of optimal consumptionhabit-forming preferences

Mathematics Subject Classification ID

Economic growth models (91B62) Consumer behavior, demand theory (91B42)

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Cites Work

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• Optimal consumption dynamics with non-concave habit-forming utility
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• Optimal Growth with Intertemporally Dependent Preferences