A Normative Model of Behavior Based upon an Activity Hierarchy

This paper integrates the psychological framework of a preference hierarchy with the economic framework used to analyze the allocation of time and commodities. Residual income available to an activity is found to be the primary determinant of the level of an activity's time and commodity demand...

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Bibliographic Details
Published in:The Journal of consumer research 1985-06, Vol.12 (1), p.64-73
Main Author: Coursey, Don L.
Format: Article
Language:English
Subjects:
Choices
Commodities
Consumer behavior
Consumer economics
Consumer equilibrium
Consumer psychology
Consumer research
Consumers
Consumption
Customer satisfaction
Economic analysis
Economic models
Economic theory
Expenditures
Households
Mathematical analysis
Preferences
Psychology
Satiation
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Summary:This paper integrates the psychological framework of a preference hierarchy with the economic framework used to analyze the allocation of time and commodities. Residual income available to an activity is found to be the primary determinant of the level of an activity's time and commodity demands and the most important variable affecting marginal consumption of new commodities.
ISSN:0093-5301
1537-5277
DOI:10.1086/209035