Foundations of Intrinsic Habit Formation
研究了内在线性习惯形成的几种常见(嵌套)表示的理论基础,通过补偿机制建立跨期理论来帮助决策者摆脱习惯,并澄清不同模型规格的差异,提供习惯形成倾向的测量方法。
We provide theoretical foundations for several common (nested) representations of intrinsic linear habit formation. Our axiomatization introduces an intertemporal theory of weaning a decision-maker from her habits using the device of compensation. We clarify differences across specifications of the model, provide measures of habit-forming tendencies, and suggest methods for axiomatizing time-nonseparable preferences.