Brown, Norman; Vanini, Paolo - In: Journal of Institutional and Theoretical Economics (JITE) 159 (2003) 4, pp. 603-603
In an extension of the Becker-Murphy model of habitual behavior, it is assumed that a more excessive consumption history of a habitual good may triggera stronger impatience. This endogenization of time preferences allows an integrative analysis of addictive behavior (history-dependent time...