Habits and Time Preference

DOI10.2307/2526950MaRDI QIDQ5287217zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

habit formationendogenous rate of time preference

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

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Cited in

(29)

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

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