R. Hiraguchi, “Some Foundations for Multiplicative Habits Models,” Journal of Macroeconomics, Vol. 30, No. 3, 2008, pp. 873-884. doi:10.1016/j.jmacro.2007.07.002
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.