Habit Formation and Aggregate Consumption
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Publication:4531064
DOI10.2307/2999635zbMath1055.91545OpenAlexW2084244987MaRDI QIDQ4531064
Publication date: 29 May 2002
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/2999635
Related Items (13)
Aggregate stock market behavior and investors' low risk aversion ⋮ Loss aversion, habit formation and the term structures of equity and interest rates ⋮ Optimal asset allocation, consumption and retirement time with the variation in habitual persistence ⋮ Additive habit formation: consumption in incomplete markets with random endowments ⋮ Consumption-investment decisions with endogenous reference point and drawdown constraint ⋮ Optimal DB-PAYGO pension management towards a habitual contribution rate ⋮ Non-addictive habits: optimal consumption-portfolio policies. ⋮ Stochastic endogenous time preference ⋮ Endogenous growth with addictive habits ⋮ Intertemporal asset pricing and the marginal utility of wealth ⋮ Minimal Hellinger martingale measures of order \(q\) ⋮ Explicit characterizations of financial prices with history-dependent utility ⋮ Consumption and saving with habit formation and durability.
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