Optimal growth when tastes are inherited

Journal of Economic Dynamics and Control - Tập 23 - Trang 519-537 - 1999
David de la Croix1, Philippe Michel2
1National Fund for Scientific Research and IRES, Université catholique de Louvain, Place Montesquieu 3, B-1348 Louvain-la-Neuve, Belgium
2IUF, Université de la Méditerranée and GREQAM, Centre de la Vieille Charité, rue de la Charité 2, F-13002 Marseille, France

Tài liệu tham khảo

Abel, A., 1990. Asset prices under habit formation and catching up with the Joneses. American Economic Review Papers and Proceedings 80, 38–42. Becker, 1974, A theory of social interactions, Journal of Political Economy, 82, 1063, 10.1086/260265 Becker, 1992, Habits, addictions and traditions, Kyklos, 45, 327, 10.1111/j.1467-6435.1992.tb02119.x Becker, G., 1996. Accounting for Tastes. Harvard University Press, Cambridge. Boucekkine, 1995, An alternative methodology for solving non-linear forward-looking models, Journal of Economic Dynamics and Control, 19, 711, 10.1016/0165-1889(94)00800-W Campbell, J., Cochrane, J., 1995. By force of habits: a consumption-based explanation of aggregate stock market behavior. Working paper, NBER. Clark, 1996, Is job satisfaction U-shaped in age?, Journal of Occupational and Organizational Psychology, 69, 57, 10.1111/j.2044-8325.1996.tb00600.x de la Croix, D., 1996. The dynamics of bequeathed tastes. Economics Letters 51, 89–96. Deckert, 1984, Does optimal growth preclude chaos? a theorem on monotonicity, Zeitschrift fur National Okonomie, 44, 57 Diamond, 1965, National debt in a neoclassical growth model, American Economic Review, 55, 1126 Farmer, 1986, Deficits and cycles, Journal of Economic Theory, 40, 77, 10.1016/0022-0531(86)90008-6 Ferson, 1991, Habit persistence and durability in aggregate consumption, Journal of Financial Economics, 29, 199, 10.1016/0304-405X(91)90002-2 Grandmont, 1985, On endogenous competitive business cycles, Econometrica, 22, 995, 10.2307/1911010 Hale, J., Koçak, H., 1991. Dynamics and Bifurcations. Springer, New York. Levhari, 1972, On stability in the saddle-point sense, Journal of Economic Theory, 4, 88, 10.1016/0022-0531(72)90165-2 Michel, P., Venditti, A., 1996. Optimal growth and cycles in overlapping generations models. Economic Theory, forthcoming. Pashardes, 1986, Myopic and forward looking behaviour in a dynamic demand system, International Economic Review, 27, 387, 10.2307/2526511 Ramsey, 1928, A mathematical theory of savings, Economic Journal, 38, 543, 10.2307/2224098 Reichlin, 1986, Equilibrium cycles in an overlapping generations economy with production, Journal of Economic Theory, 40, 89, 10.1016/0022-0531(86)90009-8 Ryder, 1973, Optimal growth with inter-temporally dependent preferences, Review of Economic Studies, 40, 1, 10.2307/2296736 Veblen, T., 1934. The Theory of the Leisure Class. Modern Library.