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Income, Saving, and the Theory of Consumer Behavior
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The article was published on 1949-01-01 and is currently open access. It has received 2738 citations till now. The article focuses on the topics: Permanent income hypothesis & Marginal propensity to save.read more
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Jealousy and underconsumption in a one-sector model with wealth preference
TL;DR: In this article, the authors examined the effects of consumption externalities on economic performance in a one-sector model with wealth preference and found that the presence of the wealth preference generates a wealth effect in consumption growth.
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Questions in Decision Theory
TL;DR: In this article, a review of the major questions in the field of decision theory is presented, and it is argued that a re-examination of some of the fundamental concepts in decision theory may have important implications to theoretical and even empirical research in economics and related fields.
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Keynes‘ economic thought and the theory of consumer behaviour
TL;DR: The first part of this paper as mentioned in this paper demonstrates that John Maynard Keynes had serious reservations about the standard consumer theory and especially the expected utility model, which has important implications for subsequent interpretations of Keynes's microfoundations and also for the attempts to derive Keynesian aggregate consumption functions.
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Do you believe that others are more positional than you? Results from an empirical survey on positional concerns in France
TL;DR: This article explored empirically the relevance of positional concerns in France using two types of surveys, one addressed to a convenience sample, and the other to a random sample of French households living in the metropolitan area of Montpellier.
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Do positional goods inhibit saving? Evidence from a life-cycle experiment
Nick Feltovich,Ourega-Zoé Ejebu +1 more
TL;DR: This article investigated the effect of positional goods (goods for which one's consumption relative to others' matters) on saving, based on results from a life-cycle consumption/saving experiment.