Solving consumption models with multiplicative habits

DOI10.1016/S0165-1765(00)00223-8MaRDI QIDQ1978735zbMATH OpenOpenAlexFDO

Authors 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 growthrepresentative agentrelative consumptionbabit formation

Mathematics Subject Classification ID

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

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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

Cited in

(23)

• How much and how often: a model of repeated consumption with endogenous consumption frequency
• Consumption and saving with habit formation and durability.
• Local and global bifurcations in an economic growth model with endogenous labour supply and multiplicative external habits
• Affordable and adequate annuities with stable payouts: fantasy or reality?
• Multiplicative habit formation and consumption: a note
• The effect of the assumed interest rate and smoothing on variable annuities
• 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
• Habit persistence, money, and overlapping generations
• Micro-Level Estimation of Optimal Consumption Choice With Intertemporal Nonseparability in Preferences and Measurement Errors
• Asset pricing with multiplicative habit and power-expo preferences
• External habit: anything goes
• A mean field game approach to equilibrium consumption under external habit formation
• An analytical solution to the inverse consumption function with liquidity constraints
• 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
• A greedy algorithm for habit formation under multiplicative utility
• scientific article; zbMATH DE number 5008338 (Why is no real title available?)
• 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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