Empirical Evidence on Consumer Choice: a Post Keynesian Approach

M.M. Tolar and J. Coursivanos

Working Papers from Tasmania - Department of Economics

Abstract: This paper reports on part of an investigation designed to determine if Australian consumers expend upon non-durable goods and services in an optimizing or satisficing manner. In doing so, our analysis finds empirical evidence to support the recently developed Post Keynesian model of consumer behavior.

Keywords: CONSUMPTION; MACROECONOMICS; OPTIMIZATION (search for similar items in EconPapers)
JEL-codes: D11 E12 (search for similar items in EconPapers)
Date: 1998

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Persistent link: http://EconPapers.repec.org/RePEc:fth:tasman:1998-01

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