C. D. Carroll, J. Overland and D. N. Weil, “Comparison Utility in a Growth Model,” Journal of Economic Growth, Vol. 2, No. 4, 1997, pp. 339-367. doi:10.1023/A:1009740920294
has been cited by the following article:
TITLE: Equilibrium Dynamics in the Neoclassical Growth Model with Habit Formation and Elastic Labor Supply
AUTHORS: Manuel A. Gómez
KEYWORDS: Economic Growth; Habit Formation; Equilibrium Dynamics
JOURNAL NAME: Theoretical Economics Letters, Vol.2 No.5, December 27, 2012
ABSTRACT: This note analyzes the equilibrium dynamics in the neoclassical growth model with habit-forming preferences and elastic labor supply. Habits enter into utility in a multiplicative way. The specification of the habit formation process comprises the particular cases of internal and external habits. Existence, uniqueness and saddle-path stability of the steady state are proved analytically.