TY  - JOUR
ID  - iiasa4263
UR  - https://pure.iiasa.ac.at/id/eprint/4263/
IS  - 2
A1  - Feichtinger, G.
A1  - Prskawetz, A.
A1  - Herold, W.
A1  - Zinner, P.
N2  - A time-discrete descriptive model of habit formation is presented. Addictive behaviour is damped by a threshold which adapts itself to the habit. This simple framework is able to explain periodic, quasi-periodic as well as chaotic consumption patterns of addictive consumers. It turns out that both a high adjustment rate and a steep consumption function favour complex (chaotic) patterns.
VL  - 5
TI  - Habit formation with threshold adjustment: Addiction may imply complex dynamics
AV  - none
EP  - 172
Y1  - 1995/06//
PB  - Springer
JF  - Journal of Evolutionary Economics
KW  - Local bifurcation analysis; Neimark-Sacker bifurcation; Quasiperiodic dynamics; Addiction; Habit formation
SN  - 1432-1386
SP  - 157
ER  -