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Behavioral foundations for the Keynesian consumption function

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  • D'Orlando, Fabio
  • Sanfilippo, Eleonora

Abstract

This paper has two main goals. The first is to investigate the role that behavioral principles play in the micro-foundation of Keynes's consumption theory, the second to discuss the possibility of grounding a Keynesian-type aggregate consumption function on the basis of (some of) the principles underlying contemporary behavioral models.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Psychology.

Volume (Year): 31 (2010)
Issue (Month): 6 (December)
Pages: 1035-1046

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Handle: RePEc:eee:joepsy:v:31:y:2010:i:6:p:1035-1046

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Web page: http://www.elsevier.com/locate/joep

Related research

Keywords: Keynes Behavioral economics Consumption Heuristics Myopia Mental accounting;

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References

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Citations

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Cited by:
  1. Gechert, Sebastian, 2012. "The multiplier principle, credit-money and time," MPRA Paper 34648, University Library of Munich, Germany.
  2. Yun Kim & Mark Setterfield & Yuan Mei, 2013. "A Theory of Aggregate Consumption," Working Papers 1301, Trinity College, Department of Economics.

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