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Demand Curves for Animal Consumers

John H. Kagel1; Raymond C. Battalio1; Howard Rachlin2; Leonard Green3

1 Mitchell Institute · 2 Stony Brook University · 3 Washington University in St. Louis

Quarterly Journal of Economics 1981

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.

DOI
10.2307/2936137
Volume
96 (1)
Pages
1
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