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    • The welfare cost of external habits: a quantitative assessment 

      Gómez, Manuel A. (Universidad de Chile. Facultad de Economía y Negocios, 2010-06)
      This paper quantifies the welfare cost of consumption externalities in an endogenous growth model with habit formation. Agent’s utility depends on both current consumption and a reference consumption level determined by ...
    • The welfare cost of external habits: a quantitative assessment 

      Gómez, Manuel A. (Universidad de Chile Facultad de Economía y Negocios, 2010-06)
      This paper quantifies cost of consumption externalities in an endogenous growth model with habit formation. Agent´s utility depends on both current consumption and a reference consumption level determined by economy-wide ...