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Changing Tastes and Endogenous Preferences: Some Issues in Modelling the Demand for Agricultural Products

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  • Young, David
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    Abstract

    Changing patterns of demand for agricultural products have prompted agricultural economists to consider the causes of such changes. However, the standard theory of consumer behaviour which forms the basis of their analyses is arguably ill-designed to deal with such issues. It is argued that there are some fundamental deficiencies with the conventional approach to consumer behaviour. Many of these arise from the reliance upon a particular conception (or construct) of the individual within mainstream theory, which is open to severe criticism from social theory/philosophy. Some illustrations of these problems, which are encountered when attempting to explain changes in preferences, are discussed and the importance of alternative approaches is suggested. The implications for modelling changes in demand are indicated and it is suggested that agricultural economists should either limit the types of questions which they ask or give serious consideration to alternative approaches. Copyright 1996 by Oxford University Press.

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    Bibliographic Info

    Article provided by Foundation for the European Review of Agricultural Economics in its journal European Review of Agricultural Economics.

    Volume (Year): 23 (1996)
    Issue (Month): 3 ()
    Pages: 281-300

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    Handle: RePEc:oup:erevae:v:23:y:1996:i:3:p:281-300

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    Cited by:
    1. Stefan Mann, 2006. "Merit goods in a utilitarian framework," Review of Political Economy, Taylor & Francis Journals, vol. 18(4), pages 509-520.
    2. Sigrid Stagl, 2002. "Local Organic Food Markets: Potentials and Limitations for Contributing to Sustainable Development," Empirica, Springer, vol. 29(2), pages 145-162, June.
    3. D. P. T. Young, 2000. "Firms' Market Power, Endogenous Preferences and the Focus of Competition Policy," Review of Political Economy, Taylor & Francis Journals, vol. 12(1), pages 73-87.
    4. O'Hara, Sabine U. & Stagl, Sigrid, 2002. "Endogenous preferences and sustainable development," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 31(5), pages 511-527.
    5. Benjamin Volland, 2013. "On the intergenerational transmission of preferences," Journal of Bioeconomics, Springer, vol. 15(3), pages 217-249, October.
    6. Tisdell, Clem & Wilson, Clevo & Swarna Nantha, Hemanath, 2008. "Contingent valuation as a dynamic process," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(4), pages 1443-1458, August.

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