THE CONTRIBUTION OF BASIC NEED THEORY TO HOUSEHOLD DECISION MAKING

Dorothy Z. Price and David W. Rice

No 279405, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Utility is viewed as consisting of five basic needs: physiological, security, love and belongingness, self esteem and self actualization. Empirical applications are given in the areas of food consumption, food stamp participation and job satisfaction. Potential value for integrating these psychological and economic constructs is discussed.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 12
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279405

DOI: 10.22004/ag.econ.279405

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