Can consumption habit spillovers be a source of equilibrium indeterminacy?

DOI10.1007/s00712-012-0301-9zbMath1273.91272OpenAlexW2148045579MaRDI QIDQ365754

Kazuo Mino, Been-Lon Chen, Yu-Shan Hsu

Publication date: 9 September 2013

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

Full work available at URL: https://doi.org/10.1007/s00712-012-0301-9

zbMATH Keywords

indeterminacygrowth modelcatching up with the Joneseshabit

Mathematics Subject Classification ID

Economic growth models (91B62) Consumer behavior, demand theory (91B42) Economic dynamics (91B55)

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Heterogeneous conformism and wealth distribution in a neoclassical growth model ⋮ Endogenous time preference, consumption externalities, and trade: multiple steady states and indeterminacy

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