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Dogs have masters, cats have staff: Consumers' psychological ownership and their economic valuation of pets

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  • Kirk, Colleen P.

Abstract

Results of three experiments reveal that consumers place a higher economic valuation on dogs versus cats, as evidenced by willingness to pay more for life-saving surgery, medical expenses, and specialty pet products, as well as increased word-of-mouth about the pet. This effect is explained by consumers' enhanced psychological ownership of and resulting emotional attachment to the pet. The effect is reversed when a dog acts like a cat and a cat acts like a dog and is due to the perceived ability to control the animal's behavior rather than other attributes intrinsic to the pet. This research offers a first look at psychological ownership of a living creature and its effect on economic valuation.

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  • Kirk, Colleen P., 2019. "Dogs have masters, cats have staff: Consumers' psychological ownership and their economic valuation of pets," Journal of Business Research, Elsevier, vol. 99(C), pages 306-318.
  • Handle: RePEc:eee:jbrese:v:99:y:2019:i:c:p:306-318
    DOI: 10.1016/j.jbusres.2019.02.057
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    Cited by:

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    3. N. Gromek & J. Perek-Białas, 2022. "Why is pet goods consumption imperceptible for economists? A scoping review," SN Business & Economics, Springer, vol. 2(11), pages 1-25, November.
    4. Kim, Hyunsu & Li, Jing & So, Kevin Kam Fung, 2024. "Psychological ownership research in business: A bibliometric overview and future research directions," Journal of Business Research, Elsevier, vol. 174(C).
    5. Apaolaza, Vanessa & Hartmann, Patrick & Paredes, Mario R. & Trujillo, Alejandra & D'Souza, Clare, 2022. "What motivates consumers to buy fashion pet clothing? The role of attachment, pet anthropomorphism, and self-expansion," Journal of Business Research, Elsevier, vol. 141(C), pages 367-379.
    6. Benoit, Ilgım Dara & Miller, Elizabeth G., 2022. "Enhancing creativity perception through fear," Journal of Business Research, Elsevier, vol. 139(C), pages 1084-1098.
    7. Kirk, Colleen P. & Rifkin, Laura S., 2020. "I'll trade you diamonds for toilet paper: Consumer reacting, coping and adapting behaviors in the COVID-19 pandemic," Journal of Business Research, Elsevier, vol. 117(C), pages 124-131.
    8. Kumar, Jitender, 2024. "Psychological mechanisms behind access-based luxury brand consumption: Empirical investigation from the lens of new ownership paradigm," Journal of Business Research, Elsevier, vol. 175(C).

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