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Dragone, Davide
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Quaderni - Working Paper DSE No. 663
In a paper previously published in this journal, Levy (2002) [Levy A., 2002, Rational eating: can it lead to overweightness or underweightness? Journal of Health Economics 21, 887.899] presents a model of rational non-addictive eating that is claimed to explain cyclical food-consumption patterns where binges and strict diets alternate. I show that the model admits no oscillation at all, as the unique internal steady state has saddle point stability.
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