eprintid: 4254
rev_number: 5
eprint_status: archive
userid: 351
dir: disk0/00/00/42/54
datestamp: 2016-01-15 02:05:05
lastmod: 2021-08-27 17:15:02
status_changed: 2016-01-15 02:05:05
type: article
metadata_visibility: show
item_issues_count: 1
creators_name: Wirl, F.
creators_name: Feichtinger, G.
creators_id: 1555
title: Persistent cyclical consumption: Variations on the Becker-Murphy model of addiction
ispublished: pub
internal_subjects: iis_mod
internal_subjects: iis_pop
divisions: prog_pop
abstract: This article reconsiders a model of Becker and Murphy on rational addiction. Inter alia, they show that a psychological property of consumption (addiction or habits) can induce complex and, in particular, cyclical behavior (binges). The purpose of this article is to prove that economic reasons (the difference between individual discounting and market rates of interest) can explain rational cycles too.
date: 1995-04
date_type: published
publisher: Sage
id_number: 10.1177/1043463195007002004
iiasapubid: XJ-95-080
iiasa_bibref: Rationality and Society; 7(2):156-166 (April 1995)
iiasa_bibnotes: [doi:10.1177/1043463195007002004]
creators_browse_id: 2589
full_text_status: none
publication: Rationality and Society
volume: 7
number: 2
pagerange: 156-166
refereed: TRUE
issn: 1043-4631
coversheets_dirty: FALSE
fp7_type: info:eu-repo/semantics/article
citation:   Wirl, F. & Feichtinger, G. <https://pure.iiasa.ac.at/view/iiasa/2589.html>  (1995).  Persistent cyclical consumption: Variations on the Becker-Murphy model of addiction.   Rationality and Society 7 (2) 156-166. 10.1177/1043463195007002004 <https://doi.org/10.1177/1043463195007002004>.