Habits, Rationality and Myopia in the Life-Cycle Consumption Function.
This paper investigates the role of habits in the consumption function. Two types of habits are considered: rational and myopic, these being distinctions which have long been made in the literature on systems of demand equations. In both cases past consumption affects current preferences, thus break...
| Հիմնական հեղինակ: | |
|---|---|
| Ձևաչափ: | Working paper |
| Լեզու: | English |
| Հրապարակվել է: |
CEPR
1986
|