Can consumption habit spillovers be a source of equilibrium indeterminacy?

DOI10.1007/S00712-012-0301-9zbMATH Open1273.91272OpenAlexW2148045579MaRDI QIDQ365754FDOQ365754

Authors: Been-Lon Chen, Yu-Shan Hsu, Kazuo Mino 

Publication date: 9 September 2013

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

Full work available at URL: https://doi.org/10.1007/s00712-012-0301-9

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zbMATH Keywords

indeterminacygrowth modelcatching up with the Joneseshabit

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Economic dynamics (91B55) Economic growth models (91B62)

Cites Work

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• Admiration is a source of indeterminacy
• Can consumption spillovers be a source of equilibrium indeterminacy?
• A model with endogenously determined cycles, discounting and growth
• Money and external habit persistence: a tale for chaos.
• Habit formation, catching up with the Joneses, and economic growth
• Estimating panel models with internal and external habit formation
• Poverty trap and global indeterminacy in a growth model with open-access natural resources
• Conditions for indeterminacy and thresholds in neoclassical growth models
• A variety-expansion model of growth with external habit formation

Cited In (6)

• Is Giffen behaviour compatible with the axioms of consumer theory?
• External habit: anything goes
• Heterogeneous conformism and wealth distribution in a neoclassical growth model
• Can consumption spillovers be a source of equilibrium indeterminacy?
• Endogenous time preference, consumption externalities, and trade: multiple steady states and indeterminacy
• Admiration is a source of indeterminacy

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