Optimal planning in habit formation models with multiple goods
(2024)
Journal Article
Bambi, M., Ghilli, D., Gozzi, F., & Leocata, M. (online). Optimal planning in habit formation models with multiple goods. Decisions in Economics and Finance, https://doi.org/10.1007/s10203-024-00498-2
In this paper we investigate a model with habit formation and two types of substitute goods. We are inspired by the classical models in e.g. Carroll et al. (Am Econ Rev 90(3):341–355, 2000) where on the contrary only one good is considered. Such a fa... Read More about Optimal planning in habit formation models with multiple goods.