FOUNDATIONS OF INTRINSIC HABIT FORMATION

被引：45
|
作者：
Rozen, Kareen [1 ,2 ]
机构：
[1] Yale Univ, Cowles Fdn, New Haven, CT 06520 USA
[2] Yale Univ, Dept Econ, New Haven, CT 06520 USA
来源：
ECONOMETRICA | 2010年 / 78卷 / 04期
关键词：
Time-nonseparable preferences; linear habit formation; weaning; compensated separability; gains monotonicity; LOSS AVERSION; MODEL; ADDICTION; UTILITY; CHOICE; PUZZLE;
D O I：
10.3982/ECTA7302
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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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页码：1341 / 1373
页数：33
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