Consumption Theory with Reference Dependent Utility

This paper presents a closed form consumption function for an individual when he derives utility from both his current and previous consumption and from the consumption of his relevant others. I show that the traditional definition of an individual's marginal propensity to consume (MPC) is too...

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Bibliographic details
Main Author: Andersson, Fredrik W
Format: Dissertation
Language: English
Place of publication: 2006
Related: Gothenburg University
Institutionen för nationalekonomi med statistik
School of Business, Economics, and Law
Department of Economics
Göteborgs universitet
Handelshögskolan
Data of publication: 2006
Discipline: Economics
Series: Working Papers in Economics (online)
Subjects:
Online Access: available in Bonn?
Database: SwePub Reports
SwePub Reports - Free Access
Database information Databases - DBIS