Journal article icon

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 ...

Expand abstract

Actions


Access Document


Authors


Journal:
Review of Economic Studies
Volume:
77
Issue:
4
Pages:
1382 - 1402
Publication date:
2010-01-01
DOI:
ISSN:
0034-6527
Language:
English
UUID:
uuid:c586b1d4-f5a7-4727-9526-e2e3c5de87bd
Local pid:
oai:economics.ouls.ox.ac.uk:14851
Deposit date:
2011-08-16

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP