Managerial and Decision Economics, Vol. 21, No. 3/4, The Behavioural Economics of Consumption (Apr. - Jun., 2000), pp. 95-109 (15 pages) The purpose of this essay is to critique economic ...

In this paper, we formulate a structural time series model for aggregate quarterly nondurable consumption by using the life cycle consumption hypothesis under uncertainty to obtain a model for the ...

Investment is a smaller but more volatile component of GDP than consumption. Drops in investment have tended to precede recessions, consumption doesn't always drop during recessions. Consumption ...

The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 to Angus Deaton Princeton University "for his analysis of ...

Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. With businesses across not only the U.S. but around the world shut down in an effort to mitigate the spread ...