Behavioral foundations for the Keynesian consumption function

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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Year of publication:	2010
Authors:	D'Orlando, Fabio ; Sanfilippo, Eleonora
Published in:	Journal of Economic Psychology. - Elsevier, ISSN 0167-4870. - Vol. 31.2010, 6, p. 1035-1046
Publisher:	Elsevier
Keywords:	Keynes Behavioral economics Consumption Heuristics Myopia Mental accounting

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008869161