Name
Abstract | ||
|---|---|---|
We propose a preference condition called shifted difference independence to axiomatize a general habit formation and satiation model GHS. This model allows for a general habit formation and satiation function that contain many functional forms in the literature as special cases. Since the GHS model can be reduced to either a general satiation model GSa or a general habit formation model GHa, our theory also provides approaches to axiomatize both the GSa model and the GHa model. Furthermore, by adding extra preference conditions into our axiomatization framework, we obtain a GHS model with a linear habit formation function and a recursively defined linear satiation function. |
Year | DOI | Venue |
|---|---|---|
2013 | 10.1287/opre.2013.1223 | Operations Research |
Keywords | Field | DocType |
habit formation,time preference | Discounted utility,Mathematical optimization,Mathematical economics,Habit,Time preference,Mathematics,Recursion | Journal |
Volume | Issue | ISSN |
61 | 6 | 0030-364X |
Citations | PageRank | References |
1 | 0.42 | 8 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Ying He | 1 | 1264 | 105.35 |
| James S. Dyer | 2 | 271 | 23.64 |
| John C. Butler | 3 | 179 | 21.20 |