A Habit Forming Optimal Growth Model

DOI10.2307/2526327MaRDI QIDQ3208386zbMATH OpenOpenAlexFDO

Authors Marcel Boyer

Publication date 1978

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2526327

zbMATH Keywords

consumer behaviordynamic demand functionseconomic growth modelevolution of preferences over timehabit-forming processnecessary and sufficient conditions for optimalitynon-additive utility functionaloptimal growthoptimal pathstability propertiesunique steady-state

Mathematics Subject Classification ID

Group preferences (91B10) Economic growth models (91B62)

Cited in

(9)

• Rational demand and expenditures patterns under habit formation
• Implicitly additive utility and the nature of optimal economic growth
• Optimal consumption dynamics with non-concave habit-forming utility
• Intertemporal versus spatial externalities in counterterror policy games
• On time preference, rational addiction and utility satiation
• The economics of poverty traps. I: Complete markets
• On history-dependent optimization models: a unified framework to analyze models with habits, satiation and optimal growth
• Consumption paths under prospect utility in an optimal growth model
• Numerical solution of optimal control problems with constant control delays

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