A Model of Housing in the Presence of Adjustment Costs: A Structural Interpretation of Habit Persistence - Flavin, Marjorie; Nakagawa, Shinobu (The American economic review, 2008)
Keywords: Asset pricing; Consumer behavior; Consumption; Costs; Curvature; Durable goods; Financial portfolios; Household consumption; Households; Housing; Marginal utility; Risk aversion; Shorter Papers; Utilities costs; Utility functions