Solving consumption models with multiplicative habits

DOI10.1016/S0165-1765(00)00223-8zbMath0953.91029MaRDI QIDQ1978735

Christopher D. Carroll

Publication date: 4 June 2000

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

Full work available at URL: https://doi.org/10.1016/s0165-1765(00)00223-8

zbMATH Keywords

economic growth; representative agent; relative consumption; babit formation

Mathematics Subject Classification ID

91B64: Macroeconomic theory (monetary models, models of taxation)

91B42: Consumer behavior, demand theory

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Cites Work

• Algorithms and economic dynamics. Selected papers from the 2nd annual meeting of the Society for Computational Economics, Geneva, Switzerland, 1996
• Comparison utility in a growth model
• Consumption, saving and habit formation
• On the Concavity of the Consumption Function