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The welfare cost of external habits: a quantitat ive assessment
(Universidad de Chile, 2010)
[Abstract]: This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation. Agent’s utility depends on both current
consumption and a reference consumption level ...
Endogenous Growth, Habit Formation and Convergence Speed
(De Gruyter, 2010)
[Abstract] This paper analyzes the effect on the economy dynamics of alternative formulations of habit
persistence in an endogenous growth model. The focus is on the impact on the convergence speed,
which is the key ...