Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91560
Authors: 
Crawford, Ian
Polisson, Matthew
Year of Publication: 
2013
Series/Report no.: 
IFS Working Papers W13/19
Abstract: 
This paper presents a nonparametric analysis of a common class of intertemporal models of consumer choice that relax consumption independence. Within this class and in the absence of any functional form restrictions on instantaneous preferences, we compare the revealed preference conditions for rational habit formation and rational anticipation. We show that these models are nonparametrically equivalent in the presence of finite date sets composed of prices, interest rates, and consumption choices.
Subjects: 
anticipation
habits
revealed preference
time separability
JEL: 
D11
D12
D91
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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