A note on external habits and efficiency in the AK model
Author:
Publisher
Springer Science and Business Media LLC
Subject
Economics and Econometrics,General Business, Management and Accounting
Link
http://link.springer.com/content/pdf/10.1007/s00712-009-0100-0.pdf
Reference22 articles.
1. Abel A (1990) Asset prices under habit formation and catching up with the Joneses. Am Econ Rev 80: 38–42
2. Alonso-Carrera J, Caballé J, Raurich X (2004) Consumption externalities, habit formation and equilibrium efficiency. Scand J Econ 106: 231–251
3. Alonso-Carrera J, Caballé J, Raurich X (2005) Growth, habit formation, and catching-up with the Joneses. Eur Econ Rev 49: 1665–1691
4. Alonso-Carrera J, Caballé J, Raurich X (2006) Welfare implications of the interaction between habits and consumption externalities. Int Econ Rev 47: 557–571
5. Barlevy G (2004) The cost of business cycles under endogenous growth. Am Econ Rev 94: 964–990
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