Journal article
Habits revealed.
- Abstract:
-
This paper sets out necessary and sufficient empirical conditions for rational intrinsic habits models in the revealed preference tradition of Samuelson (1948), Houthakker (1950), Afriat (1967), and Browning (1989). The conditions in the paper are shown to be computationally straightforward and to yield set identification for certain features of the model. The ideas outlined are applied to a microeconomic panel dataset. The addition of habit formation to the discounted utility model is shown ...
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- Publisher copy:
- 10.1111/j.1467-937X.2010.00604.x
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Bibliographic Details
- Journal:
- Review of Economic Studies
- Volume:
- 77
- Issue:
- 4
- Pages:
- 1382 - 1402
- Publication date:
- 2010-01-01
- DOI:
- ISSN:
-
0034-6527
Item Description
- Language:
- English
- UUID:
-
uuid:c586b1d4-f5a7-4727-9526-e2e3c5de87bd
- Local pid:
- oai:economics.ouls.ox.ac.uk:14851
- Deposit date:
- 2011-08-16
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Terms of use
- Copyright date:
- 2010
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