 Is mental accounting of farm produce associated with more consumption of own-produced food?Jiaqi Huang, Gerrit Antonides () and Fengying Nie Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2020, vol. 88, issue C Abstract: This study examines whether mental accounting theory is applicable to consumption of own-produced food of smallholder farm households. We are motivated by the farm household's procedure of allocating own-produced food, and some evidence of inflexible use of own-produced food reserve. Using hypothetical scenarios of food reserve and consumption, we find that smallholder farm households show evidence of having a mental budget for own-produced food for self-consumption, tracking their consumption against the budget, and compensating for earlier over- or underconsumption. A substantial number of people used the reserve of their own produced food, exceeding their consumption needs, as their mental budget to guide their consumption, leading to an outcome of overconsumption of own produce. Furthermore, we explored factors of mental accounting and proposed policy implications of the study. Keywords: Mental accounting; Food consumption; Own-produced food; Smallholder farm households (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:88:y:2020:i:c:s2214804320300501 DOI: 10.1016/j.socec.2020.101594 Access Statistics for this article Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Pablo Brañas Garza More articles in Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) from Elsevier |
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