Behavioral Foundations for the Keynesian Consumption Function

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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Year of publication:	2008-05
Authors:	D'Orlando, Fabio ; Sanfilippo, Eleonora
Institutions:	Dipartimento di Economia e Giurisprudenzia, Facoltà di Economia e Giurisprudenzia
Subject:	Keynes \| Behavioral Economics \| Keynesian Theory \| Consumption \| Hyperbolic Discounting \| Mental Accounting

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Extent:	application/pdf
Series:	Working Papers. - ISSN 2038-6087.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2008-05 15 pages
Classification:	B22 - Macroeconomics ; D01 - Microeconomic Behavior: Underlying Principles ; D11 - Consumer Economics: Theory ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; E12 - Keynes; Keynesian; Post-Keynesian ; E21 - Consumption; Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008690468