Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062380 | Economics Letters | 2008 | 5 Pages |
Abstract
This note concerns habit formation and social accounting. With internal habit formation, earlier procedures for welfare measurement apply with minor modifications. However, if the habit structure is partly exogenous to each consumer, the welfare measure also reflects the associated externality.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Thomas Aronsson, Karl-Gustaf Löfgren,