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The Role of Habits and Stocks in Consumer Expenditure

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  • Benjamin Sexauer

Abstract

I. Introduction, 127.—II. The Houthakker-Taylor demand model, 128.—III. Theoretical analysis, 129.—IV. Estimation, 133.—V. The empirical results, 136.—VI. Conclusions, 141.

Suggested Citation

  • Benjamin Sexauer, 1977. "The Role of Habits and Stocks in Consumer Expenditure," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 91(1), pages 127-142.
    • Handle: RePEc:oup:qjecon:v:91:y:1977:i:1:p:127-142.
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    File URL: http://hdl.handle.net/10.2307/1883141
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    Cited by:

    1. Sawadogo, Fayçal, 2021. "Demand price elasticity of mobile voice communication: A comparative firm level data analysis," Information Economics and Policy, Elsevier, vol. 57(C).
    2. García-Gusano, Diego & Suárez-Botero, Jasson & Dufour, Javier, 2018. "Long-term modelling and assessment of the energy-economy decoupling in Spain," Energy, Elsevier, vol. 151(C), pages 455-466.
    3. Gilbert, Ben & Graff Zivin, Joshua S., 2020. "Dynamic corrective taxes with time-varying salience," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    4. Muhammad, Andrew & Jones, Keithly G., 2009. "An Assessment of Dynamic Behavior in the U.S. Catfish Market: An Application of the Generalized Dynamic Rotterdam Model," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(3), pages 1-14, December.
    5. Price, David W. & Gislason, Conrad, 2001. "Identification of habit in Japanese food consumption," Agricultural Economics, Blackwell, vol. 24(3), pages 289-295, March.
    6. Tyson, K. Shaine & Yanagida, John F., 1984. "Dynamic Adjustment Models For Estimating Shrimp Consumption Characteristics," Journal of Food Distribution Research, Food Distribution Research Society, vol. 15(2), pages 1-6, June.
    7. Luo, Xinjian & Sun, Changyou & Jiang, Hongfei & Zhang, Ying & Meng, Qian, 2015. "International trade after intervention: The case of bedroom furniture," Forest Policy and Economics, Elsevier, vol. 50(C), pages 180-191.
    8. Tilley, Daniel S., 1979. "Importance Of Understanding Consumption Dynamics In Market Recovery Periods," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(2), pages 1-6, December.

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