The Role of Habits and Stocks in Consumer Expenditure
The Quarterly Journal of Economics · 1977 · Volume 91 · Issue 1
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.
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