A Test of the Habit Formation Hypothesis Using Household Data

Numerous studies have confirmed the importance of habit formation, as represented by a lagged dependent variable, in demand analysis. Although all work to date has been based on aggregate time series data, this study uses household level BLS Interview Panel data to test the habit hypothesis. An inte...

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Veröffentlicht in:	The review of economics and statistics 1991-05, Vol.73 (2), p.189-199
Hauptverfasser:	Heien, Dale, Durham, Cathy
Format:	Artikel
Sprache:	eng
Schlagworte:	Autocorrelation Behavior Coefficients Comparative studies Consumer behavior Demography Economic models Economic theory Effects Habitual behavior Households Hypotheses Regression analysis Social research Statistics Time series Time series models Transport phenomena Variable coefficients
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