2 papers
math.OC2023
Optimal Planning in Habit Formation Models with Multiple Goods
Mauro Bambi, Daria Ghilli, Fausto Gozzi +1
In this paper, on the line e.g. of [COW00]) we investigate a model with habit formation and two types of substitute goods. Such family of models, even in the case of 1 good, are di…
math.OC2014
On the equivalence of internal and external habit formation models with finite memory
Emmanuelle Augeraud-Veron, Mauro Bambi, Fausto Gozzi
In this paper we use a dynamic programming approach to analytically solve an endogenous growth model with internal habits where the key parameters describing their formation, namel…