M. A. Gómez, “Equilibrium Efficiency in the Ramsey Model with Habit Formation,” Studies in Nonlinear Dynamics & Econometrics, Vol. 11, No. 2, 2007, p. 2.
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.