Foundations of Intrinsic Habit Formation

We provide theoretical foundations for several common (nested) representations of intrinsic linear habit formation. Our axiomatization introduces an intertemporal theory of weaning a decision-maker from her habits using the device of compensation. We clarify differences across specifications of the model, provide measures of habit-forming tendencies, and suggest methods for axiomatizing time-nonseparable preferences

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Year of publication:	[2010]
Authors:	Rozen, Kareen
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Präferenztheorie \| Theory of preferences \| Entscheidungstheorie \| Decision theory

Extent:	1 Online-Ressource
Series:	Cowles Foundation Discussion Paper ; No. 1642R
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2009 erstellt
Classification:	C60 - Mathematical Methods and Programming. General ; D11 - Consumer Economics: Theory ; D90 - Intertemporal Choice and Growth. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012759479