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Intertemporal substitution in consumption, labor supply elasticity and sunspot fluctuations in continuous-time models

Garnier, Jean-Philippe; Nishimura, Kazuo; Venditti, Alain - In: International journal of economic theory 3 (2007) 4, pp. 235-259

Persistent link: https://www.econbiz.de/10003686521

Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences

Turnovsky, Stephen J.; Monteiro, Goncalo - In: European economic review : EER 51 (2007) 2, pp. 479-504

Persistent link: https://www.econbiz.de/10003415431

Too slow a change? : deep habits, consumption shifts and transitory tax policy

Van den Bijgaart, I. M. - 2018

Habits are an important cause of sluggish consumption adjustment in response to price shocks. This paper studies shifts within the consumption bundle under endogenous habit formation. I put forward a model with good-specific, or "deep", habits that cause persistence in good-specific consumption....

Persistent link: https://www.econbiz.de/10011814737

Consumption externalities, production externalities and indeterminacy

Weder, Mark - In: Metroeconomica : international review of economics 51 (2000) 4, pp. 435-453

Persistent link: https://www.econbiz.de/10001516284

Environmental externalities and consumer's frames of reference

Wendner, Ronald - 2000

Persistent link: https://www.econbiz.de/10001573282

Too slow a change? : deep habits, consumption shifts and transitory tax

Van den Bijgaart, I. M. - 2017

Persistent link: https://www.econbiz.de/10011721320

Consumption externality and indeterminacy under increasing returns to scale and endogenous capital depreciation

Wang, Gaowang; Zou, Heng-fu - In: Economic modelling 38 (2014), pp. 282-287

Persistent link: https://www.econbiz.de/10010419112

Consumption Externalities, Production Externalities and Indeterminacy

Weder, Mark - 2001

In this paper we show that consumption externalities reduce the degree of increasing returns needed to generate … indeterminacy in a two-sector optimal growth model. In equilibrium, consumption externalities operate as if the utility function is … (close to) linear. If these externalities are strong, the minimum necessary increasing returns approach zero. Therefore, this …

Persistent link: https://www.econbiz.de/10014143356

Too Slow a Change? Deep Habits, Consumption Shifts and Transitory Tax Policy

van den Bijgaart, Inge - 2018

Habits are an important cause of sluggish consumption adjustment in response to price shocks. This paper studies shifts within the consumption bundle under endogenous habit formation. I put forward a model with good-specific, or 'deep', habits that cause persistence in good-specific consumption....

Persistent link: https://www.econbiz.de/10012918060

Too Slow a Change? Deep Habits, Consumption Shifts and Transitory Tax Policy

van den Bijgaart, Inge - 2017

This paper studies shifts in the consumption bundle when consumption is subject to habit formation, and consumers do not internalize this habit formation process. Habits are good-specific, or 'deep', and cause persistence in good-specific consumption. In addition, at the aggregate level, habits...

Persistent link: https://www.econbiz.de/10012948400

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