Habit persistence, heterogeneous tastes, and imperfect competition

DOI10.1016/0165-1889(95)00895-0MaRDI QIDQ1350482zbMATH OpenOpenAlexFDO

Authors Gary Fethke, Raj Jagannathan

Publication date 27 February 1997

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0165-1889(95)00895-0

zbMATH Keywords

Adjacent complementarityHabit persistenceMonopoly pricingTime consistency

Mathematics Subject Classification ID

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

Recommendations

• CONSEQUENCES OF MODELING HABIT PERSISTENCE
• Habit persistence, money, and overlapping generations
• Habit persistence in consumption and the demand for money
• Consumption commitments and habit formation
• Habit formation and indeterminacy in overlapping generations models

Cites work

• Equilibrium solutions in dynamic dominant-player models
• scientific article; zbMATH DE number 3727971 (Why is no real title available?)
• Monopoly with endogenous durability.
• Rational demand and expenditures patterns under habit formation
• The Durable Goods Monopolist and Consistency with Increasing Costs
• Time to Build and Aggregate Fluctuations

Cited in

(3)

• Intertemporal non-separability and dynamic oligopoly
• Dynamic theory of preferences: habit formation and taste for variety
• Habit forming consumers and firm dynamics

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