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Cited by 488

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

On the New Theory of Consumer Behavior

Michael, Robert T., Becker, Gary S.·1973·The Swedish Journal of Economics
DOI 10.2307/3439147
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Abstract

This essay advocates a reformulation of the theory of consumer behavior, based on the household production function approach suggested in Becker's A Theory of the Allocation of Time [1]. The case for the reformulation rests, in part, on inadequacies of the traditional theory of choice, and more importantly, on the new approach's capacity to generate a wide range of cogent testable hypotheses and to provide the social scientist with tools relevant for understanding a broad spectrum of observed human behavior.

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Metadata

Authors
Michael, R. T., & Becker, G. S.
Venue
The Swedish Journal of Economics
Publisher
JSTOR
Published
1973-12
Volume
75
Issue
4
Pages
378
ISSN
0039-7318 (ISSN-L)
DOI
10.2307/3439147
OpenAlex
W137751617
Cited by
488
References
1
FWCI
10.32
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: On the New Theory of Consumer Behavior. https://app.cochat.ai/papers/10.2307/3439147
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Michael, R. T., & Becker, G. S. (1973). On the New Theory of Consumer Behavior. The Swedish Journal of Economics. https://doi.org/10.2307/3439147

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.