Envy and Habits: Panel Data Estimates of Interdependent Preferences

We estimate the importance of preference interdependence from consumption choices. Our strategy follows the literature that tests the constraints imposed by optimality on the evolution of individual consumption. The introduction of habits and envy places additional restrictions on the evolution of t...

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Bibliographic details
Volume: 78
Main Author: Alvarez‐Cuadrado, Francisco
Casado, Jose Maria
Labeaga, Jose Maria
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: HOBOKEN WILEY 01.08.2016
Wiley Subscription Services, Inc
published in: Oxford bulletin of economics and statistics Vol. 78; no. 4; pp. 443 - 469
Data of publication: August 2016
ISSN: 0305-9049
1468-0084
EISSN: 1468-0084
Discipline: Economics
Statistics
Mathematics
Bibliography: The authors are grateful for helpful comments from two anonymous referees and seminar participants at the SAEe 2011, the EEA/ESEM 2012, the NASM 2013 and the Banco de España. We also acknowledge financial support from the Ministerio de Ciencia y Tecnologia under grant ECO2012‐39553‐C04‐01. Additionally, Alvarez‐Cuadrado acknowledges financial support from the Social Sciences and Humanities Research Council under grant SSHRC 430‐2013‐000424. Views expressed in this paper are those of the authors and should not be attributed to the Banco de España or the Eurosystem.
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Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2016
Web of Knowledge
Science Citation Index Expanded
Web of Science - Science Citation Index Expanded - 2016
Web of Science
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