Can consumption habit spillovers be a source of equilibrium indeterminacy?

DOI10.1007/S00712-012-0301-9MaRDI QIDQ365754zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

indeterminacygrowth modelcatching up with the Joneseshabit

Mathematics Subject Classification ID

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

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Cites work

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• Can consumption spillovers be a source of equilibrium indeterminacy?
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• Coordinating Coordination Failures in Keynesian Models
• Estimating panel models with internal and external habit formation
• Habit formation, catching up with the Joneses, and economic growth
• Indeterminacy and increasing returns
• Indeterminacy with non-separable utility
• Monetary policy and price level determinacy in a cash-in-advance economy
• Money and external habit persistence: a tale for chaos.
• On the minimum degree of returns to scale in sunspot models of the business cycle.
• Optimal Growth with Intertemporally Dependent Preferences
• Poverty trap and global indeterminacy in a growth model with open-access natural resources
• Real business cycles and the animal spirits hypothesis

Cited in

(6)

• Admiration is a source of indeterminacy
• 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

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