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Demand Curves for Animal Consumers

Author

Listed:
  • John H. Kagel
  • Raymond C. Battalio
  • Howard Rachlin
  • Leonard Green

Abstract

Results are reported from experiments showing that both income-compensated and ordinary (uncompensated) demand curves for nonhuman consumers are negatively sloped. Essential commodities are determined to be gross complements, while nonessential goods are independent or gross substitutes. The experiments extend the concepts underlying value theory to nonhumans and provide a basis for intensive experimental investigations of additional aspects of the theory.

Suggested Citation

  • John H. Kagel & Raymond C. Battalio & Howard Rachlin & Leonard Green, 1981. "Demand Curves for Animal Consumers," The Quarterly Journal of Economics, Oxford University Press, vol. 96(1), pages 1-15.
  • Handle: RePEc:oup:qjecon:v:96:y:1981:i:1:p:1-15.
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    File URL: http://hdl.handle.net/10.2307/2936137
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    Cited by:

    1. Randall G. Holcombe, 2008. "Pluralism versus Heterodoxy in Economics and the Social Sciences," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 1(2), pages 51-72, March.
    2. Auerbach, Alan J., 1996. "Measuring the Impact of Tax Reform," National Tax Journal, National Tax Association, vol. 49(4), pages 665-73, December.
    3. M. Keith Chen & Venkat Lakshminarayanan & Laurie Santos, 2005. "The Evolution of Our Preferences: Evidence from Capuchin-Monkey Trading Behavior," Cowles Foundation Discussion Papers 1524, Cowles Foundation for Research in Economics, Yale University.
    4. Randall Holcombe, 2011. "Pluralism and heterodoxy in economic methodology," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(1), pages 57-65, March.
    5. M. Keith Chen & Venkat Lakshminarayanan & Laurie R. Santos, 2006. "How Basic Are Behavioral Biases? Evidence from Capuchin Monkey Trading Behavior," Journal of Political Economy, University of Chicago Press, vol. 114(3), pages 517-537, June.
    6. Kemp, Simon & Lea, Stephen E. G. & Fussell, Sharon, 1995. "Experiments on rating the utility of consumer goods: Evidence supporting microeconomic theory," Journal of Economic Psychology, Elsevier, vol. 16(4), pages 543-561, December.

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