Solving consumption models with multiplicative habits

DOI10.1016/S0165-1765(00)00223-8zbMath0953.91029OpenAlexW2165368135MaRDI QIDQ1978735

Christopher D. Carroll

Publication date: 4 June 2000

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

Full work available at URL: https://doi.org/10.1016/s0165-1765(00)00223-8

zbMATH Keywords

economic growthrepresentative agentrelative consumptionbabit formation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Consumer behavior, demand theory (91B42)

Related Items (15)

Behavioural utilitarianism and distributive justice ⋮ Great recession, slow recovery and muted fiscal policies in the US ⋮ Asset pricing with multiplicative habit and power-expo preferences ⋮ Affordable and adequate annuities with stable payouts: fantasy or reality? ⋮ Local and global bifurcations in an economic growth model with endogenous labour supply and multiplicative external habits ⋮ A two sector endogenous growth model with habit formation ⋮ Multiplicative habit formation and consumption: a note ⋮ Cooperative and noncooperative extraction in a common pool with habit formation ⋮ Internal habits formation and optimality ⋮ Habit persistence, money, and overlapping generations ⋮ THE EFFECT OF THE ASSUMED INTEREST RATE AND SMOOTHING ON VARIABLE ANNUITIES ⋮ Indeterminacy and nonlinear dynamics in an OLG growth model with endogenous labour supply and inherited tastes ⋮ On the closed-form solution of an endogenous growth model with anticipated consumption ⋮ CONSEQUENCES OF MODELING HABIT PERSISTENCE ⋮ Consumption and saving with habit formation and durability.

Cites Work

• Algorithms and economic dynamics. Selected papers from the 2nd annual meeting of the Society for Computational Economics, Geneva, Switzerland, 1996
• Comparison utility in a growth model
• Consumption, saving and habit formation
• On the Concavity of the Consumption Function

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