Testing an alternative habit persistence model.: An article from: Southern Economic Journal

This digital document is an article from Southern Economic Journal, published by Southern Economic Association on January 1, 1994. The length of the article is 5667 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: An alternative model of habit persistence was constructed to analyze aggregate consumption behavior. The model is unique because it allows habit not only to influence current consumption behavior but also to alter Ronsumers' preference behavior. Results indicate that habit persistence affects consumer preferences for all goods examined, especially housing and durable goods. It was also shown that housing and durable goods are habitual consumption commodities, and that past consumption of these two goods affect current consumption behavior towards other goods as well.

Citation Details
Title: Testing an alternative habit persistence model.
Author: Robert L. Basmann
Publication:Southern Economic Journal (Refereed)
Date: January 1, 1994
Publisher: Southern Economic Association
Volume: v60 Issue: n3 Page: p739(15)

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