A Behavioral Economic Analysis of the Effects of Unit Price Sequence on Demand for Money in Humans.

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Three groups of participants were exposed to different unit price sequences. Unit prices for all groups ranged from unit price 1 to 21. Analyses of demand curves, response rates, session duration, and elasticity coefficients suggest that the sequence of exposure to unit prices can affect the elasticity of demand. In addition, the size of unit price contrast, direction of unit price change, and proximity to experimental milestones also may affect the consumption of monetary reinforcers.

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Williams, Jack Keith May 2002.

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  • Williams, Jack Keith

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Three groups of participants were exposed to different unit price sequences. Unit prices for all groups ranged from unit price 1 to 21. Analyses of demand curves, response rates, session duration, and elasticity coefficients suggest that the sequence of exposure to unit prices can affect the elasticity of demand. In addition, the size of unit price contrast, direction of unit price change, and proximity to experimental milestones also may affect the consumption of monetary reinforcers.

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  • May 2002

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  • Sept. 26, 2007, 1:57 a.m.

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  • June 30, 2015, 12:31 p.m.

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Williams, Jack Keith. A Behavioral Economic Analysis of the Effects of Unit Price Sequence on Demand for Money in Humans., thesis, May 2002; Denton, Texas. (digital.library.unt.edu/ark:/67531/metadc3107/: accessed September 18, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; .