Solving consumption models with multiplicative habits

DOI10.1016/S0165-1765(00)00223-8zbMATH Open0953.91029OpenAlexW2165368135MaRDI QIDQ1978735FDOQ1978735

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

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zbMATH Keywords

economic growthrepresentative agentrelative consumptionbabit formation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Consumer behavior, demand theory (91B42)

Cites Work

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

Cited In (20)

• How much and how often: a model of repeated consumption with endogenous consumption frequency
• THE EFFECT OF THE ASSUMED INTEREST RATE AND SMOOTHING ON VARIABLE ANNUITIES
• Local and global bifurcations in an economic growth model with endogenous labour supply and multiplicative external habits
• Consumption and saving with habit formation and durability.
• Affordable and adequate annuities with stable payouts: fantasy or reality?
• Multiplicative habit formation and consumption: a note
• Great recession, slow recovery and muted fiscal policies in the US
• Indeterminacy and nonlinear dynamics in an OLG growth model with endogenous labour supply and inherited tastes
• Micro-Level Estimation of Optimal Consumption Choice With Intertemporal Nonseparability in Preferences and Measurement Errors
• Habit persistence, money, and overlapping generations
• Asset pricing with multiplicative habit and power-expo preferences
• A mean field game approach to equilibrium consumption under external habit formation
• A two sector endogenous growth model with habit formation
• On the closed-form solution of an endogenous growth model with anticipated consumption
• Internal habits formation and optimality
• Title not available (Why is that?)
• Esscher transforms and consumption-based models
• CONSEQUENCES OF MODELING HABIT PERSISTENCE
• Cooperative and noncooperative extraction in a common pool with habit formation
• Behavioural utilitarianism and distributive justice

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