Browsing Trinity Business School (Scholarly Publications) by Subject "consumption"
Now showing items 1-2 of 2
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Component-Specific Versus Comprehensive Habits in a Model of Income and Consumption Taxation
(2004)This paper proposes a model of economy with weakly non-separable preferences for both work effort and consumption. Households who derive utility from consumption of a single commodity and leisure take into account the ... -
A Model of Comprehensive Habits with Psychological Effects of Work Effort
(2004)This paper develops a neoclassical growth model under the assumption of comprehensive habits that incorporate both consumption and labour supply decisions of the households. We show that in presence of comprehensive habits, ...