On the History of Habit Formation in Consumption
This paper traces the evolution of the habit formation literature in economics. Its long history displays two main features: (i) the literature has grown immensely during the 20th century, and (ii) its growth has not been smooth. This paper argues that factors such as methodology, theoritical innovations, data availability and historical events have all played a role in the formation of these patterns. Finally, the paper points to new challenges ahead.
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|Date of creation:||1999|
|Contact details of provider:|| Postal: Department of Economics, The University of Melbourne, 4th Floor, FBE Building, Level 4, 111 Barry Street. Victoria, 3010, Australia|
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Web page: http://fbe.unimelb.edu.au/economics
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