Economic theory: patterns of consumer behavior

Commentaries on Ratchford , " The New Economic Theory of Consumer Behavior :

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Consumer Behavior and Fluctuations in Economic Activity

We develop a simple Keynesian type business cycle model in which heterogeneous agents are either optimistic or pessimistic. If the majority of the agents are optimistic, then consumption expenditures are high and the economy booms, otherwise consumption expenditures are low and the economy is in a recession. Within our model, the sentiment of the agents is affected by their social interactions....

Economic Theory of Fertility Behavior

Emotions in Economic Theory and Economic Behavior

Irrational Behavior and Economic Theory

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