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The Dynamics of Market Economies

This volume contains the papers and discussion of a conference on the dynamics of decentralized, market economies held at the Grand Hotel, Saltsjöbaden near Stockholm, August 29-31, 1983. The confere…
Bok
av Richard H. Day, Gunnar Eliasson

















Working Paper No. 142

Endogenous Preferences and Adaptive Economizing

Our concern is with economizing behavior when preferences depend on experience. It is shown that such dependence, reflecting 'deep psychological structure', even when it is stable or habit forming in…
Working Paper
av Richard H. Day
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