Habits and Time Preference

DOI10.2307/2526950zbMATH Open0771.90015OpenAlexW2059088678MaRDI QIDQ5287217FDOQ5287217

Authors: Larry G. Epstein, Shou Yong Shi 

Publication date: 15 August 1993

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2526950

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zbMATH Keywords

habit formationendogenous rate of time preference

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Cited In (29)

• A theory of infrastructure-led development
• On time preference, rational addiction and utility satiation
• Habit formation, catching up with the Joneses, and economic growth
• ENDOGENOUS TIME PREFERENCE AND PUBLIC POLICY: GROWTH AND FISCAL IMPLICATIONS
• Consumption habits in an overlapping-generations model
• Is time preference different across incomes and countries?
• Consumption paths under prospect utility in an optimal growth model
• Foundations of intrinsic habit formation
• External debt, time preference, and nontraded goods in a two-sector dynamic model of consumption
• Distributional effects of endogenous discounting
• Growth and distribution in an AK-model with endogenous impatience
• On history-dependent optimization models: a unified framework to analyze models with habits, satiation and optimal growth
• Stochastic endogenous time preference
• On existence of optimal programs: the RSS model without concavity assumptions on felicities
• HABIT FORMATION AND GOVERNMENT SPENDING IN A SMALL OPEN ECONOMY
• Monetary policy in a small open economy with durable goods and differing cash-in-advance constraints
• Pollution perception: A challenge for intergenerational equity
• The transition to a new inflation rate in models with habit formation
• THE INFLATION TAX, VARIABLE TIME PREFERENCE, AND THE BUSINESS CYCLE
• Reconciling Jaimovich-Rebello preferences, habit in consumption and labor supply
• Optimal growth with decreasing marginal impatience
• Habit persistence in consumption and the demand for money
• Developing utility functions for optimal consumption in models with habit formation and catching up with the Joneses
• On the monetary approach to the balance of payments
• Increasing marginal impatience and intertemporal substitution
• The transitional dynamics of fiscal policy in small open economies
• Habits revealed
• Habit formation, self-deception, and self-control
• Recursive variational problems in nonreflexive Banach spaces with an infinite horizon: an existence result

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