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Behavioral Foundations for the Keynesian Consumption Function

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  • Fabio D'Orlando

    (University of Cassino)

  • Eleonora Sanfilippo

    (University of Cassino)

Abstract

This paper has two main goals. The first is to show that behavioral rather than maximizing principles emerge from textual analysis as the microeconomic foundations for Keynes’s Consumption Theory; the second goal is to demonstrate that it is possible to ground a Keynesian-type aggregate Consumption function on the basis of (some of) the principles underlying contemporary behavioral models

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Bibliographic Info

Paper provided by Universita' di Cassino, Dipartimento di Scienze Economiche in its series Working Papers with number 2008-05.

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Length: 15 pages
Date of creation: May 2008
Date of revision:
Handle: RePEc:css:wpaper:2008-05

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Postal: Dipartimento di Scienze Economiche Via S. Angelo Loc. Folcara 03043 Cassino (FR) - Italy
Phone: +3907762994734
Fax: +3907762994834
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Web page: http://www.eco-giu.uniclam.it/Dipartimento/Info
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Related research

Keywords: Keynes; Behavioral Economics; Keynesian Theory; Consumption; Hyperbolic Discounting; Mental Accounting;

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References

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

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