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Thesis

Essays in consumption habits and the environment

Abstract:

The dynamics of demand for energy goods such as gasoline are complicated by investment decisions and behavioral habits. Both types of complication can be captured by a habits model, in which past consumption enters into an agent's current utility function. If the agent is forward-looking, or 'rational', then habits imply his consumption of the habit-forming good will be sensitive to his expectation of future market conditions, in particular future prices. This sensitivity implies, in turn,...

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Institution:
University of Oxford
Oxford college:
Balliol College
Department:
Social Sciences Division - Economics
Role:
Author

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Role:
Supervisor
Role:
Supervisor
Publication date:
2011
Type of award:
DPhil
Level of award:
Doctoral
Awarding institution:
Oxford University, UK
URN:
uuid:5bd9e448-6a74-43c5-baa9-0a82b1256d7a
Local pid:
ora:7137

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