On the diversity of growth patterns with habit formation

DOI10.1016/j.econlet.2018.06.016zbMath1397.91418OpenAlexW2810314850WikidataQ129609801 ScholiaQ129609801MaRDI QIDQ1787725

Rong Zhang, Zaifu Yang

Publication date: 5 October 2018

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

Full work available at URL: https://doi.org/10.1016/j.econlet.2018.06.016

zbMATH Keywords

history dependencehabitmultiple balanced growth paths

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (3)

Time‐average stochastic control based on a singular local Lévy model for environmental project planning under habit formation ⋮ On history-dependent optimization models: a unified framework to analyze models with habits, satiation and optimal growth ⋮ Internal habits formation and optimality

Cites Work

• Comparison utility in a growth model
• Divergence in economic performance: Transitional dynamics with multiple equilibria
• Uniqueness and indeterminacy: On the dynamics of endogenous growth
• Endogenous growth with addictive habits
• Asset Prices in an Exchange Economy with Habit Formation
• HABIT PERSISTENCE AND ASSET RETURNS IN AN EXCHANGE ECONOMY
• Making a Miracle
• Optimal Growth with Intertemporally Dependent Preferences

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