Habit formation and long-run utility functions

DOI10.1016/0022-0531(76)90020-XMaRDI QIDQ1242785zbMATH OpenOpenAlexFDO

Authors Robert A. Pollak

Publication date 1976

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(76)90020-x

Mathematics Subject Classification ID

Applications of renewal theory (reliability, demand theory, etc.) (60K10) Utility theory (91B16)

Cites work

• Additive Utility Functions and Linear Engel Curves
• On the Stability of Dynamic Demand Functions
• The Present State of Consumption Theory

Cited in

(11)

• A regular equilibrium solves the extended HJB system
• On the Stability of a Retarded Functional Differential Equation Edgeworth Process
• Periodic and aperiodic consumer behavior
• OPTIMAL ALLOCATION AND PRICING WHEN CONSUMER BEHAVIOUR IS SUBOPTIMAL
• The economics of cultural transmission and the dynamics of preferences
• On history-dependent optimization models: a unified framework to analyze models with habits, satiation and optimal growth
• Economic monetary aggregates. An application of index number and aggregation theory
• Is there a stepping stone effect in drug use? Separating state dependence from unobserved heterogeneity within and between illicit drugs
• Rational demand and expenditures patterns under habit formation
• Myopia, amnesia, and consistent intertemporal choice
• Endogenous tastes and stable long-run choice

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