The consumer in Austrian economics and the Austrian perspective on consumer policy

NARCIS (Netherlands)

Leen, A.R.

1999-01-01

In this thesis I examined the place of the competitive-entrepreneurial consumer in Austrian economic thought. For a neoclassical economist, competition among consumers is hard to find. For an Austrian economist, however, it is a necessity. The introduction puts forward the problem that although an

Understanding consumer decisions using behavioral economics.

Science.gov (United States)

Zandstra, Elizabeth H; Miyapuram, Krishna P; Tobler, Philippe N

2013-01-01

Consumers make many decisions in everyday life involving finances, food, and health. It is known from behavioral economics research that people are often driven by short-term gratification, that is, people tend to choose the immediate, albeit smaller reward. But choosing the delayed reward, that is, delaying the gratification, can actually be beneficial. How can we motivate consumers to resist the "now" and invest in their future, leading to sustainable or healthy habits? We review recent developments from behavioral and neuroimaging studies that are relevant for understanding consumer decisions. Further, we present results from our field research that examined whether we can increase the perceived value of a (delayed) environmental benefit using tailored communication, that is, change the way it is framed. More specifically, we investigated whether we can boost the value of an abstract, long-term "green" claim of a product by expressing it as a concrete, short-term benefit. This is a new application area for behavioral economics. Copyright © 2013 Elsevier B.V. All rights reserved.

Consumer Preferences Determine Resilience of Ecological-Economic Systems

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Stefan Baumgärtner

2011-12-01

Full Text Available We perform a model analysis to study the origins of limited resilience in coupled ecological-economic systems. We demonstrate that under open access to ecosystems for profit-maximizing harvesting forms, the resilience properties of the system are essentially determined by consumer preferences for ecosystem services. In particular, we show that complementarity and relative importance of ecosystem services in consumption may significantly decrease the resilience of (almost any given state of the system. We conclude that the role of consumer preferences and management institutions is not just to facilitate adaptation to, or transformation of, some natural dynamics of ecosystems. Rather, consumer preferences and management institutions are themselves important determinants of the fundamental dynamic characteristics of coupled ecological-economic systems, such as limited resilience.

Choices in the Marketplace: A Basic Unit on Consumer Economics.

Science.gov (United States)

Heyne, Paul; Stevahn, Laurie

Consumer decision-making and its consequences for individual consumers and societal groups are examined in this economic unit for secondary school students. Seven lessons focus on developing an understanding of the concepts of scarcity, supply and demand, resources, choice, price, and interdependence and on fostering an economic way of thinking.…

The DCFR and consumer protection: an economic assessment

NARCIS (Netherlands)

Luth, H.A.; Cseres, K.; Larouche, P.; Chirico, F.

2010-01-01

This paper will discuss consumer protection in the DCFR. It will screen the DCFR and its model of consumer protection through the lens of economic analysis. The assessment will examine the general role of mandatory rules, which justification grounds they are based on and how this general model is

Liberalism - neoliberalism - market fundamentalism: from the concept of freedom to the totalitarian dogma

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V. I. Chelischev

2016-01-01

Full Text Available The article further describes the ideological, historical, socio-political and economic circumstances, responsible for the specific direction of a new form of the ideology of liberalism - contemporary liberalism (neo-liberalism. The special attention, along with the analysis of the ideas of the founder of original theory of the state intervention in the economic life of the society of John Maynard Keynes (1883-1946, is given to “neoliberal” economic constructions of an ideological orientation of Friedrich August von Hayek (1899-1992 and Milton Friedman (1912-2006, defenders of a liberal principle of self-regulation of economy, free from any regalements. The author, on the basis of the analysis of primary sources and examples from a political and social life of some States, shows that in theory the resurgence of liberalism in the form of neo-liberalism personified the idea of the priority of the individual to society and the State, the market - before planning and regulation, the human rights - before the power authority and the team. However in practice this revival was accompanied by displacement of accents and growth of ideological tendencies. Thus, theorists and practitioners of neo-liberalism lined up quite utopian model not only of economic, but also of social relations. Article details the mechanisms by which the theoretical constructions of economists-neoliberals were emasculated by politicians who gradually reduced them to the primitive and convenient theses, justifying any actions of the authorities. Over time, these points have become “undeniable truths”, through which neo-liberalism became dogmatic, and its economic credo has got obvious fundamentalist character, having turned to market dogma of totalitarian type.

Nazi Germany and Fascist Italy: Totalitarian Menace or Monolithic Illusion? An Analysis of the Axis Coalition

National Research Council Canada - National Science Library

Burch, James

2004-01-01

.... The advance of Italo-German interests during from 1935 to the beginning of the Second World War--an era characterized by the Great Depression and appeasement--also created an aura of totalitarian...

History Textbook Writing in a Post-Totalitarian and Authoritarian Context: The Case of Belarus

Science.gov (United States)

Zadora, Anna

2013-01-01

This paper analyses school history writing in a specific context: Belarus--a post-totalitarian and authoritarian state. School history teaching has always been a powerful instrument for transmitting national identity and legitimising political structures, and political authorities tend to control it. Perestroika marked the beginning of a new…

New market actors: economic social movements and politicized consumers

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Fátima Portilho

2009-10-01

Full Text Available This article presents reflections on new market actors, and economic social movements in particular - that is, those in which actors build a new culture of political action that seeks to reappropriate the economy through their own values. Some examples of this are the movements organized around “solidarity economics”, fair trade, geographic indications, “slow food” and consumer organization. This interface of social movements and the market may be the most marked, differentiated and polemic trait of contemporary political mobilizations. Nonetheless, beyond economic social movements, this article simultaneously emphasizes and problematizes political action within the sphere of individual consumption, that is, that which has been referred to as “political consumption”. Keywords: economic social movements, consumer movements, political consumption.

Considering consumer choice in the economic evaluation of mandatory health programmes: a review.

Science.gov (United States)

Parkinson, Bonny; Goodall, Stephen

2011-08-01

Governments are increasing their focus on mandatory public health programmes following positive economic evaluations of their impact. This review aims to examine whether loss of consumer choice should be included in economic evaluations of mandatory health programmes (MHP). A systematic literature review was conducted to identify economic evaluations of MHP, whether they discuss the impact on consumer choice and any methodological limitations. Overall 39 economic evaluations were identified, of which 10 discussed the loss of consumer choice and 6 attempted to place a value on the loss of consumer choice. Methodological limitations included: measuring the marginal cost of compliance, unavailability of price elasticity estimates, the impact of income effects, double counting health impacts, biased willingness-to-pay responses, and "protest" responses. Overall it was found that the inclusion of the loss of consumer choice rarely impacted on the final outcome of the study. The impact of MHP on the loss of consumer choice has largely been ignored in economic evaluations. Its importance remains uncertain due to its infrequent inclusion and significant methodological limitations. Further research regarding which methodology is best for valuing the loss of consumer choice and whether it is important to the final implementation decision is warranted. Copyright © 2010 Elsevier Ireland Ltd. All rights reserved.

Nuclear power and the economic interests of consumers

International Nuclear Information System (INIS)

MacKerron, G.

1982-06-01

This study examines the main economic issues surrounding the use of nuclear power from a broadly consumer perspective. It sets out to answer four related questions: has nuclear investment been good value in the past; are current plans for nuclear investment (especially at Heysham II and beyond) likely to be good value in the future; what are the likely economic consequences if there is an explicit or de facto moratorium on the building of more nuclear power plants; and what strategic factors influence decision-making about nuclear investment and what are their consequences for consumers. (It should be noted that the CEGB's 'Statement of Case' for a PWR at Sizewell was published too late to be taken into account in this report). (author)

Post-communist democracy vs. totalitarianism: Contrasting patterns of need satisfaction and societal frustration.

Czech Academy of Sciences Publication Activity Database

Klicperová-Baker, Martina; Košťál, Jaroslav

2017-01-01

Roč. 50, č. 2 (2017), s. 99-111 ISSN 0967-067X R&D Projects: GA ČR GA15-11062S Grant - others:AV ČR(CZ) StrategieAV21/14 Program:StrategieAV Institutional support: RVO:68081740 Keywords : Totalitarianism * Post- communism * Frustration * Societal frustration * Democracy * Memory * Maslow * Hierarchy of needs Subject RIV: AN - Psychology OBOR OECD: Psychology (including human - machine relations) Impact factor: 0.607, year: 2016

Post-communist democracy vs. totalitarianism: Contrasting patterns of need satisfaction and societal frustration.

Czech Academy of Sciences Publication Activity Database

Klicperová-Baker, Martina; Košťál, Jaroslav

2017-01-01

Roč. 50, č. 2 (2017), s. 99-111 ISSN 0967-067X R&D Projects: GA ČR GA15-11062S Grant - others:AV ČR(CZ) StrategieAV21/14 Program:StrategieAV Institutional support: RVO:68081740 Keywords : Totalitarianism * Post-communism * Frustration * Societal frustration * Democracy * Memory * Maslow * Hierarchy of needs Subject RIV: AN - Psychology OBOR OECD: Psychology (including human - machine relations) Impact factor: 0.607, year: 2016

Psychology of Economics in the Analysis of Consumer Behavior

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José Jonas Alves Correia

2017-06-01

Full Text Available Psychology of Economics addresses issues far beyond market research. Thus, studies in this area also observe variables such as work, unemployment, decisions about purchases and savings, investments, financing, responses to advertising, among others. The present research was carried out with the objective of analyzing, through the fundamentals of consumer behavior, its relation to the propensity for compulsive or superfluous consumption. This quantitative study relates, using as means of phenomena and variables a description of the consumers behavior through the statistical tool Propensity Score Matching of Stata software. A semi-structured questionnaire was used to collect the data, which was applied online from April to August in 2016. Data analysis was performed by the Ordinary Least Squares (OLS regression with controlled dummy variables (dependent variable, whether or not it belongs to the consumer group Compulsive by the set of explanatory (independent variables. The results showed that the average monthly spending of compulsive consumers increases, and the higher the income of individuals, the greater the spending on unnecessary or superfluous consumption. Considering the gender variable, male individuals have higher levels of unnecessary spending and are prone to superfluous consumption. Thus, consumption is composed of influences for purchase and that the consumer determines consumption, according to economic position (income factor and cultural factors (customs, needs, impulsivities within the society.

Laibach and the NSK: Aestheticising the East/West Nexus in Post-Totalitarian Europe

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Simon Bell

2014-11-01

Full Text Available This paper reflects a study in how the Slovenian art collective the NSK (Neue Slowenische Kunst, and more specifically its sub-group Laibach, interrogate the representation of Central and Eastern European cultural memory in the context of post-Socialism, and operate as a nexus between Eastern Europe and the West. Emerging in the wake of Tito's death and shaped by the break-up of Yugoslavia, the NSK were founded in 1984, in Ljubljana (northern Slovenia.  The NSK is a multi-disciplinary collective primarily comprised of three groups: IRWIN (visual arts, Noordung (theatre, and its most influential delivery system, Laibach (music.  Brought to academic scrutiny in the West by Slavoj Žižek for their subversive strategy of over-identification with the totalitarian spectacle, Laibach are Slovenia’s most famous cultural export, with a global following, and an international and domestic history of controversy. With the strategy of Retrogardism, Laibach and the NSK re-mythologise totalitarian iconography associated with Nazi Kunst and Socialist Realism.  Through this process of re-mythologisation Laibach explore the unfinished narrative of Communism and the legacy of the European traumatic historical in the context of a ‘post-ideological’ age.

Can measures of the consumer debt burden reliably predict an economic slowdown?

OpenAIRE

C. Alan Garner

1996-01-01

Some analysts and business executives are becoming concerned that recent increases in the consumer debt burden may foreshadow an economic slowdown. Higher debt increases the risk that a household may experience financial distress in the event of an adverse economic shock, such as the loss of a job or large uninsured medical expenses. As the risk of financial distress rises, households may become less willing to spend on consumer goods, particularly big ticket items such as automobiles and hom...

The economics of direct-to-consumer advertising of prescription-only drugs: prescribed to improve consumer welfare?

Science.gov (United States)

Morgan, Steven; Mintzes, Barbara; Barer, Morris

2003-10-01

According to economic theory, one might expect that the informational content of direct-to-consumer advertising of prescription-only drugs would improve consumers' welfare. However, contrasting the models of consumer and market behaviour underlying this theory with the realities of the prescription-only drug market reveals that this market is distinct in ways that render it unlikely that advertising will serve an unbiased and strictly informative function. A review of qualitative evidence regarding the informational content of drug advertising supports this conclusion. Direct-to-consumer prescription drug advertising concentrates on particular products, and features of those products, to the exclusion of others, and the information provided has frequently been found to be biased or misleading in regulatory and academic evaluations. Governments that have so far resisted direct-to-consumer advertising should invest in independent sources of evidence that could help consumers and professionals to better understand the risks and benefits of treating disease with alternative drug and non-drug therapies, rather than permitting direct-to-consumer prescription drug advertising.

The political Thought of José Gaos. The Criticism of Totalitarianism

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Antolín Sánchez Cuervo

2017-01-01

Full Text Available Jose Gaos's diverse writings are reviewed, many of them scantily known and still unpublished, related to the area of the politics in the wide sense of the term. It was the case of some reflections motivated by the global protagonism of the war, the totalitarianism and the technocracy in the current manners of life, including those that are typical of the democratic western companies. In line with this protagonism, Gaos raised a genealogical review of the secularizing process of modern rationality, which will connect with some of his big worries, such as the possibility of the philosophy itself and the possibility of the Hispanic philosophy especially.

Structural and Functional Bases of Formational, Institutional and Procedural Mechanism Using Power Resources of Stalin’s Totalitarian Regime in Western Ukraine at the Final Stage of the Second World War

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Oksana Yuriivna DOKASH

2015-02-01

Full Text Available The presented scientific, theoretical and practical aspects of the topic are considered an important prerequisite for understanding the causes and results of the mass use of the deportation repressive tool in the intensive consolidation of Stalin’s totalitarian regime in “class hostile environment” and the consequences of such a policy for the western region development, particularly at modern stage, including the Ukrainian political nation-building and the independent Ukrainian state, which is now experiencing challenges and threats that are rooted in the totalitarian past.Stalinism, as a particular political regime, was established in the western regions of Ukraine at the final stages of World War II and can be defined as a kind of left extremist totalitarianism.The main components of the efficiency of the Stalinist totalitarian regime based on the mass use of political violence and terror through the branched structure of repressive secret police. Functions of the NKVS, NKVD, prosecutors, and courts followed the strategic objectives of Stalin’s totalitarian regime in a hostile social and national environment in Western Ukraine in the complex military and political conditions of the final phase of World War II. Effective and timely implementation of policy priorities of Stalinism in the region allowed to create an appropriate institutional and procedural system, which was based on the large-scale use of political violence and employed such characteristic tools as terror, repression, deportation.

National originality of the architecture of Khreshchatyk as a unique ensemble of the period of totalitarianism

Science.gov (United States)

Oliynyk, Olena

2018-03-01

Khreschatyk is a page apart in the history of world architecture. While it has a number of distinct characteristics of totalitarian architecture, Khreschatyk is the only architectural ensemble of the period to combine na-tional tradition with the exalted sentiment of Soviet architecture of the Stalin era. Also, it uniquely matched architecture and landscape. The façades has elements of Ukrainian baroque, which sets Khreschatyk apart from similar ensembles of the 1940s-1950s in other countries that mainly drew upon Ne-oclassicism or Modernism. While period architecture in other countries is typically marked by its grand scale and heavily accentuated civic spirit - complete with a denigration of the individual at the expense of the manifest greatness of Authority, Khreschatyk stand out for its pronounced harmony as an environment based on the careful preservation of old heritage, the skill-ful use of the landscape, and the introduction of traditional motifs, alongside an almost total lack of Soviet symbols. Unlike the grim grandness of totali-tarian architecture in other countries, the facades of the residential buildings that line Khreschatyk emanate joie de vivre and admiration for the fertility of Ukrainian soil.

The Development of a Distributive Interactive Computing Model in Consumer Economics, Utilizing Jerome S. Bruner's Theory of Instruction.

Science.gov (United States)

Morrison, James L.

A computerized delivery system in consumer economics developed at the University of Delaware uses the PLATO system to provide a basis for analyzing consumer behavior in the marketplace. The 16 sequential lessons, part of the Consumer in the Marketplace Series (CMS), demonstrate consumer economic theory in layman's terms and are structured to focus…

Unveiling consumer's privacy paradox behaviour in an economic exchange.

Science.gov (United States)

Motiwalla, Luvai F; Li, Xiao-Bai

2016-01-01

Privacy paradox is of great interest to IS researchers and firms gathering personal information. It has been studied from social, behavioural, and economic perspectives independently. However, prior research has not examined the degrees of influence these perspectives contribute to the privacy paradox problem. We combine both economic and behavioural perspectives in our study of the privacy paradox with a price valuation of personal information through an economic experiment combined with a behavioural study on privacy paradox. Our goal is to reveal more insights on the privacy paradox through economic valuation on personal information. Results indicate that general privacy concerns or individual disclosure concerns do not have a significant influence on the price valuation of personal information. Instead, prior disclosure behaviour in specific scenario, like with healthcare providers or social networks, is a better indicator of consumer price valuations.

Mal-estar na civilização e desastre totalitário Malaise in civilization and totalitarian disaster

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François Villa

2012-12-01

Full Text Available O autor interroga a relação entre o desastre totalitário e a psicanálise. Será que a psicanálise, os psicanalistas, tem algo pertinente a dizer acerca da barbárie? Esta não é uma dimensão que estaria fora do nosso campo? Será que podemos afirmar que o desastre que sobreveio na cultura não teria tido senão pouca ou nenhuma consequência sobre nossa "teoria", nossas "práticas", nossa "arte"? Não é incrível que demos seguimento à tarefa psicanalítica como se a onda da irrupção do terror e da barbárie na cultura não tivesse abalado as quatro paredes de nossos consultórios? Estas são perguntas que este artigo enfrenta e que levam o autor a se voltar sobre a questão dos estados limites a partir de sua reflexão acerca dos efeitos psíquicos duradouros do totalitarismo.Malaise in civilization and totalitarian disaster. The author cross-examines the relationship between psychoanalysis and totalitarian disaster. Does psychoanalysis, psychoanalysts, have something relevant to say about the barbarism? Isn't this a dimension which is beyond our field? Can we say that the disaster that befell the culture would not have had but little or no consequence on our "theory", our "practice" our "art"? Isn't it amazing that we follow the psychoanalytic task as if the wave of eruption of terror and barbarism in culture had not shaken the four walls of our offices? These are questions which this article is facing, and leading the author to get back on the issue of borderline states since his reflection on the lasting psychological effects of totalitarianism.

FROM THE TOTALITARIAN LANGUAGE TO THE INFORMATIVE DISCOURSE. A ROMANIAN MEDIA DISCOURSE ANALYSIS DURING THE ’90S

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LUMINIŢA ROŞCA

2013-01-01

Full Text Available This study aims at emphasizing the institutional transformations that occurred in the public environment following the events in December 1989 in Romania, focusing on the dismantling of mechanisms that marked the transition from the national communist propaganda discourse to the informative discourse, which laid the foundation of the public sphere in post-totalitarian Romania. The hypothesis is that Romanian media was slow in abandoning the communist press model, which explains the manichaeist discourse of nowadays media, the involvement of politics in media business and, last but not least, the extremely poor market – the poorest in Eastern Europe, as showed by the latest studies. The analysis has two components: the context analysis (historical, political, and ideological and the media discourse analysis, in line with the view of certain authors (C. Sparks with respect to the transitions in Eastern Europe and the role the media played in these processes. The discourse procedures of the totalitarian language were emphasized by investigating a corpus formed of the main publications of the printed press before and after 1989.

From the Totalitarian Language to the Informative Discourse. A Romanian Media Discourse Analysis During the '90s

Directory of Open Access Journals (Sweden)

LUMINIŢA ROŞCA

2013-05-01

Full Text Available This study aims at emphasizing the institutional transformations that occurred in the public environment following the events in December 1989 in Romania, focusing on the dismantling of mechanisms that marked the transition from the national-communist propaganda discourse to the informative discourse, which laid the foundation of the public sphere in post-totalitarian Romania. The hypothesis we start from is that Romanian media was slow in abandoning the communist press model, which explains the manichaeist discourse of nowadays media, the involvement of politics in media business and, last but not least, the extremely poor market - the poorest in Eastern Europe, as showed by the latest studies. The analysis has two components: the context analysis (historical, political, ideological and the media discourse analysis (cf. P. Charaudeau, R. Fowler, John Hartley, in line with the view of certain authors (C. Sparks with respect to the transitions in Eastern Europe and the role media played in these processes. Also, we permanently referred to the theories of the public sphere explained by J. Habermas. The discourse procedures of the totalitarian language were emphasized by investigating a corpus formed of the main publications of the printed press before and after 1989.

The European Union as a Totalitarian Nightmare: Dystopian Visions in the Discourse of the UK Independence Party (UKIP

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MacMillan Catherine

2016-12-01

Full Text Available Based on an analysis of UKIP’s discourse on the EU, particularly that of leader Nigel Farage, this paper argues that the party depicts the EU in dystopian terms; in particular it compares it to dystopian narratives such as Orwell’s 1984, totalitarian communist regimes, Nazi Germany and ‘failed states’ such as North Korea.

Physical culture beyond the conditions of soviet totalitarian culture development (1920-s.

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Tymoshenko Y.O.

2011-12-01

Full Text Available It is considered the state and development of physical culture and sports in the USSR the interwar years. Found a place of physical culture in the formation of Soviet totalitarianism. The study used mainly archival documents. It focuses on the paradigmatic orientation of physical education, in fact - for her militarnost. It substantiates the idea that physical culture in the study period served not so much a sport or recreational functions as ideological. It is noted that the sports policy of the Communist Party is granted the benefit of multisport events. It is proved that a decisive role in the development of physical culture and sports areas in the USSR played amateur men.

Violence through language in the Romanian totalitarian discourse (1945-1989

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Sorin Cristian Semeniuc

2011-10-01

Full Text Available Just as in any other totalitarian regime, the communist political discourse and the mass-media of that time employed to a great extent the strategy of the attack against the „enemy”, regardless of whether this enemy was domestic or foreign, real or imaginary. From a linguistic point of view, identifying, isolating and classifying the procedures used by the communists to this purpose means including these formulae into the typology of wooden language, whose features were accounted for by Françoise Thom. „The passage of attack”, a possible name for the ritual violent excerpt usually found in propagandistic speeches or articles, is mainly characterised by the fact that it is invariably present in these texts, it is shorter than the one devoted to „accomplishments” and contains linguistic prefabricates, repeated for years in a row, usually with no substantial change in form or meaning.

National Economic Policies: The Impact on Consumer Welfare. Proceedings of the American Council on Consumer Interests Annual Conference (29th, Kansas City, Missouri, March 16-19, 1983).

Science.gov (United States)

Goebel, Karen P., Ed.

These proceedings contain the texts of the papers presented at a conference on consumer interests. Addressed in the first series of concurrent sessions are the following topics: consumers' new economic positions, consumers' choices with respect to price and quality trade-offs, time value in consumption decisions, and consumer information issues.…

Typology of consumer behavior in times of economic crisis: A segmentation study from Bulgaria

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Katrandjiev Hristo

2011-01-01

Full Text Available This paper presents the second part of results from a survey-based market research of Bulgarian households. In the first part of the paper the author analyzes the changes of consumer behavior in times of economic crisis in Bulgaria. Here, the author presents market segmentation from the point of view of consumer behavior changes in times of economic crisis. Four segments (clusters were discovered, and profiled. The similarities/dissimilarities between clusters are presented through the technique of multidimensional scaling (MDS The research project is planned, organized and realized within the Scientific Research Program of University of National and World Economy, Sofia, Bulgaria.

Consumer's Guide to the economics of electric-utility ratemaking

Energy Technology Data Exchange (ETDEWEB)

1980-05-01

This guide deals primarily with the economics of electric utilities, although certain legal and organizational aspects of utilities are discussed. Each of the seven chapters addresses a particular facet of public-utility ratemaking. Chapter One contains a discussion of the evolution of the public-utility concept, as well as the legal and economic justification for public utilities. The second chapter sets forth an analytical economic model which provides the basis for the next four chapters. These chapters contain a detailed examination of total operating costs, the rate base, the rate of return, and the rate structure. The final chapter discusses a number of current issues regarding electric utilities, mainly factors related to fuel-adjustment costs, advertising, taxes, construction work in progress, and lifeline rates. Some of the examples used in the Guide are from particular states, such as Illinois and California. These examples are used to illustrate specific points. Consumers in other states can generalize them to their states and not change the meaning or significance of the points. 27 references, 8 tables.

Behavioural Economics, Consumer Behaviour, and Consumer Policy

DEFF Research Database (Denmark)

Reisch, Lucia A.; Zhao, Min

2017-01-01

. In particular, we discuss the impacts of key principles such as status quo bias, the endowment effect, mental accounting and the sunkcost effect, other heuristics and biases related to availability, salience, the anchoring effect and simplicity rules, as well as the effects of other supposedly irrelevant...... factors such as music, temperature and physical markers on consumers’ decisions. These principles not only add significantly to research on consumer behaviour – they also offer readily available practical implications for consumer policy to nudge behaviour in beneficial directions in consumption domains...... including financial decision making, product choice, healthy eating and sustainable consumption....

Enhancing the economic value and consumer preferences of commercial mondol stingray (Himantura gerardi) leather creative products

Science.gov (United States)

Sahubawa, L.; Pertiwiningrum, A.; Rahmadian, Y.

2018-03-01

The research objectives were to design, assess the economic value and consumer preference level of stingray leather products. The research method included a product design, analysis of economic value and consumer preferences. Mondol stingray (Himantura gerardi) leather, with a length of 50 cm and width of 30 cm, were processed into ID card wallet, man and women’s wallet and key holder. The number of respondents involved to analyze the preference level is 75 respondents (students, lecturers and employees of Universitas Gadjah Mada). Indicators of consumer preferences were model, color, price and purchasing power. The price of ID card wallet is Rp. 450,000; women wallet is Rp. 650,000 and a key holder is Rp. 300,000. Consumer preferences on ID card wallet were as follow: 84 % stated very interesting model; 83 % stated very interesting color; 61 % stated cheap and 53 % had enough. Consumer preferences of women’s wallet were as follow: 81 % stated very interesting model; 84 % stated very interesting color; 56 % stated cheap and 57 % had enough. Consumer preferences on key holder were as follow: 49 % stated interesting model; 72 % stated very interesting color; 61 % stated cheap and 57 % had enough.

Energy-Using Durables – Why Consumers Refrain from Economically Optimal Choices

Energy Technology Data Exchange (ETDEWEB)

Schubert, Renate, E-mail: schubert@econ.gess.ethz.ch; Stadelmann, Marcel [ETH Zürich, Zürich (Switzerland)

2015-02-23

Sustainable development requires increasing the energy efficiency, decreasing the growth rates of energy demand, and decreasing the CO{sub 2} emissions. In many countries, households’ energy consumption is responsible for a considerable share of total energy demand and CO{sub 2} emissions. Energy-using durables are essential in this context. Aiming at sustainability, private households should buy more energy-efficient durables and use them in a more efficient way. In principle, it might even be economically optimal to buy the more energy-efficient products, since they result in lower total costs over their lifetime – thus resulting in a positive net present value (NPV). However, when observing private households’ purchase decisions, they often do not correspond to the economic optimum, resulting in an “energy-efficiency gap.” This paper investigates into the reasons for the persistence of such a gap between energy-efficient products that would be economically optimal – but from which consumers refrain – and less energy-efficient products that consumers actually own or buy although they entail larger life-cycle costs. Factors, which seem to deter private households from purchasing energy-efficient products with positive NPVs, are, for example, insufficient information, limited attention, or inertia. We will show how these and other factors hinder private households from identifying and realizing their economically optimal choices and how such barriers can be overcome. We will present how properly designed energy labels could help to overcome the information-related causes of inefficiently low energy-efficiency investments and provide some additional policy recommendations that could help reaching the aforementioned goal of a reduction of households’ energy demand and CO{sub 2} emissions in an adequate way.

Energy-Using Durables – Why Consumers Refrain from Economically Optimal Choices

International Nuclear Information System (INIS)

Schubert, Renate; Stadelmann, Marcel

2015-01-01

Sustainable development requires increasing the energy efficiency, decreasing the growth rates of energy demand, and decreasing the CO 2 emissions. In many countries, households’ energy consumption is responsible for a considerable share of total energy demand and CO 2 emissions. Energy-using durables are essential in this context. Aiming at sustainability, private households should buy more energy-efficient durables and use them in a more efficient way. In principle, it might even be economically optimal to buy the more energy-efficient products, since they result in lower total costs over their lifetime – thus resulting in a positive net present value (NPV). However, when observing private households’ purchase decisions, they often do not correspond to the economic optimum, resulting in an “energy-efficiency gap.” This paper investigates into the reasons for the persistence of such a gap between energy-efficient products that would be economically optimal – but from which consumers refrain – and less energy-efficient products that consumers actually own or buy although they entail larger life-cycle costs. Factors, which seem to deter private households from purchasing energy-efficient products with positive NPVs, are, for example, insufficient information, limited attention, or inertia. We will show how these and other factors hinder private households from identifying and realizing their economically optimal choices and how such barriers can be overcome. We will present how properly designed energy labels could help to overcome the information-related causes of inefficiently low energy-efficiency investments and provide some additional policy recommendations that could help reaching the aforementioned goal of a reduction of households’ energy demand and CO 2 emissions in an adequate way.

Consumer preferences for reduced packaging under economic instruments and recycling policy.

Science.gov (United States)

Yamaguchi, Keiko; Takeuchi, Kenji

2016-02-01

This study was conducted using a web-based survey and bidding game in contingent valuation method to evaluate consumer preferences for packaging with less material. Results revealed that people who live in a municipality implementing unit-based pricing of waste have a higher willingness-to-pay (WTP) for a product. Economic instruments can affect the purchase of products with reduced packaging because a higher disposal cost increases the attractiveness of source reduction. However, unit-based pricing combined with plastic separation for recycling reduces WTP. This result suggests that recycling policy weakens the effect of economic instruments on source reduction of waste. Copyright © 2015 Elsevier Ltd. All rights reserved.

The Effect of Consumer Expectation Index, Economic Condition Index and Crude Oil Price on Indonesian Government Bond Yield

Directory of Open Access Journals (Sweden)

Benny Budiawan Tjandrasa

2017-06-01

Full Text Available Governments sell bonds to finance their budget. The investors willing to buy government bonds because of the yield they will get, but on the other hand if government bond yields is  too high it would burden the state in paying the interest due. Various studies have been done to find the variables that affect government bond yield significantly, such as exchange rate, inflation rate, interest rate, and oil price. This study found two more variables namely consumer expectations index and the economic conditions index to complement the variables that have been discovered. Those two variables are used as a proxy of economic stability of a country, the increase of those variables represent the increase of economic stability and will reduce the level of risk and lowering the yield that investors demand. This research use descriptive method and explanatory study with secondary data using multivariate regression equation model. The results shown consumer expectation index and economic condition index have significant effect on Indonesian Government Bond yield. To keep consumer expectation index and economic condition index increase government should give a positive signal and a sense of security to investor.

Economic demand response model in liberalised electricity markets with respect to flexibility of consumers

DEFF Research Database (Denmark)

Sharifi, Reza; Anvari-Moghaddam, Amjad; Fathi, S. Hamid

2017-01-01

Before restructuring in the electricity industry, the primary decision-makers of the electricity market were deemed to be power generation and transmission companies, market regulation boards, and power industry regulators. In this traditional structure, consumers were interested in receiving...... electricity at flat rates while paying no attention to the problems of this industry. This attitude was the source of many problems, sometimes leading to collapse of power systems and widespread blackouts. Restructuring of the electricity industry however provided a multitude of solutions to these problems....... The most important solution can be demand response (DR) programs. This paper proposes an economic DR model for residential consumers in liberalized electricity markets to change their consumption pattern from times of high energy prices to other times to maximize their utility functions. This economic...

The influence of economic and marketing factors on market behaviour of young consumers

Directory of Open Access Journals (Sweden)

Joanna Kicińska

2010-01-01

Full Text Available Due to the high value of the market of young consumers in Poland, both children and the youth constitute a very attractive segment of consumers. A very high rate of them have their own money. This article aims at evaluation of influence of economic and marketing determinants on market choices of teenagers. The research shows that the determinants are of a crucial significance; the most important being the quality of goods and their prices. The most popular source of income for teenagers is the pocket money received from their parents. Young consumers use different ways of promotion and ways of sales support. Professional service and the possibility of the return of the product are the most appreciated assets of trading points.

How Marketing Instruments Affect Consumer Behavior in Times of Economic Turbulence

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Naďa Birčiaková

2014-01-01

Full Text Available This article analyzes the behavioural changes in groups of consumers and households on the market with individual commodities, based on the classification of individual reasonable consumption. Consumers expressed the degree of influence in their decision-making on satisfying their needs through selected key marketing factors such as price, brand, quality, habits and experience, advertising, recommendation from friends and relatives, packaging, discounts, new items, and so on. The analysis sought to determine whether the changes in the economic situation in the Czech Republic have an impact on the degree of marketing instrument influence on consumer behavior and decision-making. To express the degree of influence 10 point opinion scale is used. Thanks to the investigation taking place in 2007 with 609 respondents and in 2013 with 516 respondents, it was possible, it was possible to deal with the search for evidence of differences in the importance of individual factors using the Wilcoxon test. In 2013, attention was also paid to the degree of influence of some marketing tools such as price, quality and discount events on consumer behavior and decision-making in selected groups of households created by different income levels and different level of education achieved by the head of the household. The influence is expressed by radial graphs.

Consumer Finance

OpenAIRE

Peter Tufano

2009-01-01

Although consumer finance is a substantial element of the economy, it has had a smaller footprint within financial economics. In this review, I suggest a functional definition of the subfield of consumer finance, focusing on four key functions: payments, risk management, moving funds from today to tomorrow (saving/investing), and from tomorrow to today (borrowing). I provide data showing the economic importance of consumer finance in the American economy. I propose a historical explanation fo...

Arbitrability limitation in consumer (B2C disputes? : Consumers´ protection as legal and economic phenomenon

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Alexander J. Bělohlávek

2012-10-01

Full Text Available Protection of consumers became a phenomenon of many governmental politics. Retrieval of a balance between privat autonomy and protection of a weaker party is very sensitive. The particular degree of consumers protection through limitation of contractual autonomy (in B2C contracts as well as procedural autonomy (regarding B2C dispute resolution mechanisms, as chosen by particular governments, has both legal and economic effects, in positive and negative sense. The European Court of Human Rights adjudicated repeatedly that traditional court litigation is not capable to grant effective protection to contractual claims in many countries. Arbitration is therefore one of possible tools for B2C dispute resolution, even if many countries and obviously the EU Commission followe rather an opposite strategy (keeping down arbitrability of B2C disputes in the opposite to US trends. Arbitration is not a cure-all and definitely not a method suitable for the resolution of any and all types of disputes. It has its proponents as well as opponents. Indeed, it is hard to claim that a particular type (class of disputes is a priori fit to be resolved in arbitration, rather than litigation, or vice versa. This also applies to consumer disputes (disputes from consumer contracts. It is fairly undisputable that consumers deserve a certain degree of specific protection in cases in which they are forced to enter into a particular contract and have no other option than to accept the conditions stipulated by the other party (the professional. But we cannot principally claim that the resolution of these disputes in court would be more suitable than arbitration or any other, the so-called alternative, dispute resolution method (ADR. Despite the basically undisputed importance of and the need for special consumer protection (whether provided by special laws, typically in Europe, or on the basis of general legal principles and the application of general contract law, like in the

IDENTIFICATOIN AS A SOCIO-ECONOMIC MECHANISM OF REGULATION OF CONSUMER BEHAVIOR IN THE REGION

Directory of Open Access Journals (Sweden)

Nona Gubnelova

2015-12-01

Full Text Available This article discusses the concepts of basic types and factors of identification as a result of socialization and social relations. Identified criteria and specific identification of consumer behavior as regulator of material well-being and socio-economic development of the region.

Food loss reduction from an environmental, socio-economic and consumer perspective - The case of the Swiss potato market.

Science.gov (United States)

Willersinn, Christian; Mouron, Patrik; Mack, Gabriele; Siegrist, Michael

2017-01-01

Potatoes are one of the commodities with the highest loss shares along the entire supply chain. In the present study, we analyzed six potential loss reduction scenarios concerning their environmental-socio-economic sustainability compared with the current situation by using the "SustainOS" methodology. For this purpose, life cycle assessments, full-cost calculations and an online consumer survey were conducted. Environmental improvements through loss reduction were rather small and did not cross limits of significance, but the socio-economic performance of the entire supply chain can be improved considerably. Pearson correlation coefficients and linear regression analyses were used to predict the influence of specific subjective items like the intention to avoid food loss, knowledge related to food loss and consumers' price sensitivity on the assigned preference. Results show that perceived risks, perceived inconvenience and the general acceptance of loss-reducing instruments influence consumers' preferences. Altogether, only three out of six tested scenarios seem realistic: selling unwashed potatoes in a lightproof box, selling unpacked potatoes, and improved quality sorting at farms. For two of the other scenarios, consumers significantly indicated their refusal even if losses decreased considerably, whereas the sixth scenario was unfavorable from a socio-economic perspective. Copyright © 2016 Elsevier Ltd. All rights reserved.

Consumption and the Consumer

Directory of Open Access Journals (Sweden)

Maria VADUVA

2016-09-01

Full Text Available The consumer is that trader responsible for consumption act of some final goods or services who decided what must be produce and in what cantity, being the one who make the economic mechanism to move. Consumption is in close connection with the production of goods and services, exerting an active role, any activity should be complete by consuming its results; consumption creates the motivation to achieve economic and non-economic activities. The traditional approach to consumer behavior starts from hypothesised that all consumers seek to maximize the aggregate utility obtained of satisfactions resulting from consumption of goods taking into account the budgetary constraints given by income that consumer has and the prices of these goods. In the conditions of modern economy, consumption can be increased by diseconomies. If consumption depends on permanent income, revenue growth effectively does not exert influence on consumption only to the extent that this increase of income leads to increasing permanent income consumer. Consumption is viewed as an active agent of economic life, it is not only a consumer of goods and services but also a producer.

The ordinary consumer: the burden of economic sanctions against Russia

Directory of Open Access Journals (Sweden)

Nureev Rustem, M.

2015-09-01

Full Text Available The main thrust of the paper - an attempt to assess how much the sanctions combined with the drop in oil prices hit the consumers. This paper provides an overview of the sanctions imposed by European Union, the United States and other countries (ban largest organizations in Russia to attract foreign capital of the European Union and the United States. The burden of economic sanctions against Russia for the average consumer is shown on the change in prices for food products, electronic products, analyzed Russian car market, the dynamics of small and medium-sized businesses in Russia. The results of import substitution - the balances of trade of consumer goods in Q1 2015 compared to Q1 2014. Dynamics of demand for electronic goods in the paper discusses the example of the effect of price changes in the popular Russian companies (Apple, Sony, etc. to sales. Rising prices for electronic goods has led Apple to a Giffen’s paradox in late 2014, the higher the price - the more sales. Despite the rapid rise in prices for the company's products (price of products apple Nov. 25 rose by 25% on December 22 for another 35%, sales growth was 80%. This is due to the fact that Russian consumers feared further rise in price of goods and the goods were afraid to lose, which has become for many of them a necessity. Car loans in Q1 2015 compared to Q1 2014 decreased by 4 times, car sales fell by 2 times, import cars from abroad fell almost 2-fold. Especially hard hit small businesses. If in 2013 in Russia was opened 490.7 thous. legal entities, and closed 419 thousand. Then for 11 months in 2014 opened 417.5 ths. legal entities and closed down 483.6 thousand. This means that if in 2013 opening of 70 thousand legal persons more, in 2014 almost 70 thousand legal persons shut more than open. Statistics show that the number of people wishing to sell his business in 2014 increased significantly. In Moscow, for example, in 2014, it was filed with the 14.5 times the

The pseudo-scientific psychologyof the economic neo-liberalism

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Alečković-Nikolić Mila S.

2014-01-01

Full Text Available The aim of the paper is to call attention to logical, axiological, psychological and historical foundations of the problem of economic neo-liberalism. The question is how to achieve psychological comprehension of the historical developpement of the idea of scientific reductionism, the idea of 'common law' and rational utilitarism (Hobbes, Locke, Smith, Bentham, of rationalism (Kant and socialism (Rousseau. In the second part of this analysis the aim is to show that the theory of mechanical simplification in the comprehension of human society is logically wrong theory and that this logically wrong theory is the premise of the social totalitarianism. Finally, the goal of our analysis (specially relevant for the Serbian society trapped today is to show that the world of actual financial reductionism and economic neo-liberalism does not understand at all the real human nature.

Consumer decisionmaking: insights from behavioral economics

OpenAIRE

Wenhua Di; James C. Murdoch

2010-01-01

The increased complexity of the financial markets has made it difficult for consumers to choose products that best serve their interests. Behavioral economists explore consumers' psychological process in making decisions, such as immediate gratification, overconfidence, inertia or a lack of cognitive ability to understand the costs and benefits of financial services.

'Frankie the Frog': the total transformation of a river basin as 'totalitarian' technology (Spain, 1946-1961).

Science.gov (United States)

Camprubí, Lino

2012-03-01

After the Spanish Civil War (1936-1939), Francisco Franco's emphasis on dam building became so intense that it is still today associated with his dictatorial rule. Rather than being purely a personal obsession, however, this intensive period of reservoir construction was the result of the influential political role played by engineers from the early years of the regime. During the years 1946-1961 some of these engineers undertook the 'total transformation' of the Noguera Ribagorzana river basin in the Catalonian Pyrenees. But this explicitly 'totalitarian' project encountered important limitations posed both by competing state agencies and by the basin's geology. Analysing the efforts of these engineers allows for new understandings of the Francoist regime and of the place of science, technology, and the landscape within it. Copyright © 2011 Elsevier Ltd. All rights reserved.

From Pericles to Plato – from democratic political praxis to totalitarian political philosophy

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Øjvind Larsen

2012-03-01

Full Text Available Plato is normally taken as one of the founders of Western political philosophy, not at least with his Republic. Here, he constructs a hierarchy of forms of governments, beginning with aristocracy at the top as a critical standard for the other forms of governments, and proceeding through timocracy and oligarchy to democracy and tyranny at the bottom. Following Karl Popper, the paper argues that Plato’s is a totalitarian philosophy that emphasizes the similarities between democracy and tyranny, which it considers to be the two worst forms of government. Plato’s denigration of democracy has dominated the tradition of political philosophy until recent times. This paper, however, shows that political philosophy in fact originates in democracy, especially as developed by the sophists and that philosophy is only a form of sophism with a similar origin in ancient Greek democracy. A discussion of Pericles’ funeral oration is used to show that Pericles presented a democratic political philosophy that can serve as a counterpoint to Plato’s political philosophy in the Republic.

Level of Satisfaction of Educational Services Consumers. Impact and Consequences for the Responsibility of an Economics Faculty

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Gheorghe Săvoiu

2014-02-01

Full Text Available The aims of this paper are to provide a conceptual delimitation of educational services and their main and secondary components, and to quantify the level of satisfaction of specific consumers in academic organizations specializing in economics, with a view to restructuring their responsibilities. The method of statistical investigation is the thorough investigation including the graduates of bachelor and master courses in the accounting economic field, based on a questionnaire assessing the opinions of 138 graduates from the Faculty of Economics of Pitesti, which covers the full spectrum of 93 distinct variables. The databases were analyzed from a descriptive statistical standpoint with the software package Eviews, focusing on the normality of distributions. The major assumptions concern identifying variables intensely associated with the level of satisfaction of educational services consumers, for the first three and six main service categories, defined by 36 variables marked by respondents, plus another three and respectively six categories in further 15 variables, which define secondary educational services (according to the correlation ratio. Educational organizations belonging to the academic area are naturally concerned with the requirements expressed in the complex concept of satisfaction of those trained through the programs and specializations of a faculty (in this case, an economic faculty, with the aim that the educational services provided in a sustainable manner should cover nearly all their expectations as consumers (students and MA trainees, and also the educational requirements for shaping and training skills that the graduates need in order to succeed in the labour market. The differentiated behaviours of the consumers of educational services can be found at the end of the paper, in a number of econometric models that allow a coherent strategy; they lend a much greater responsibility to the organization doing the job, namely by

25 Years оf Economic Reforms: Origins

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Pavel Aleksandrovich Minakir

2017-03-01

Full Text Available The article considers the origins of economic reforms in modern Russia over the period of 25 years. It is shown that by 1991 consequences of unreasoned decisions and hasty actions have reached their culmination point and both political and economic attempts to realize the concept of 'convergence', to implant democracy in totalitarianism and the market in a centralized system of management have failed. At the same time it was impossible for the country's regions to maintain the inter-industry contractual communications and that had destroyed the 'center - regions' relations which had developed over the previous decades. The study and discussion of issues of the last 25 years of reform in Russia are proposed as the main theme for the journal 'Spatial Economics' in the year 2017. The goal of such studies and discussions should be to achieve a systemic i'pression about sources, trends, successes and failures of reforms, as only on this basis the initial model of the Russian socio-economic transformation can be developed. The researcher presumes that this model reviews each region as the most important element of the general system of knowledge and the resource and institutional policy constructed on its basis

The Future of Family and Consumer Sciences (FCS) and Home Economics: An International and Intergenerational Vignette

NARCIS (Netherlands)

McGregor, Sue L.T.; Hustvedt, G.; Smith, M.G.; Roubanis, J.L.; Lee, S.J.; Scholl, J.; Makela, C.J.; Wahlen, S.; Goldsmith, E.B.; Chen, P.; DeVaney, S.A.; West, G.E.; Murnane, J.; Turkki, Kaija

2015-01-01

This unique Feature article comprises a collage of contributions submitted by family and consumer sciences (FCS) practitioners from around the world (also called home economics, human ecology, and human sciences). As Interim Editor (this is my last issue), I reached out to FCS/home economists from

Consumer Psychology: Not necessarily a manipulative science

DEFF Research Database (Denmark)

Ølander, Folke

1990-01-01

Although definitions and discussion of disciplinary borderlines are tedious and often not that useful, it has to be mentioned that in this paper, a distinction is made between consumer psychology and economic psychology, with the former regarded as a subfield of the latter. Traditionally, economic...... psychology has indeed to a large extent been identified with consumer behavior research (for an account of the historical development of economic psychology, see Wärneryd, 1988). But what most writers seem to agree about today is to regard not only consumer behavior proper, but also the way individuals...... of worker/producer as in the role of consumer. Thus, although such phenomena are undoubtedly relevant topics of economic psychology, it seems appropriate to restict the term consumer psychology, as a subfield of economic psychology, to studies of the determinants and impacts of (a) saving/spending patterns...

Consumer Psychology: Not necessarily a manipulative science

DEFF Research Database (Denmark)

Ølander, Folke

1990-01-01

psychology has indeed to a large extent been identified with consumer behavior research (for an account of the historical development of economic psychology, see Wärneryd, 1988). But what most writers seem to agree about today is to regard not only consumer behavior proper, but also the way individuals......Although definitions and discussion of disciplinary borderlines are tedious and often not that useful, it has to be mentioned that in this paper, a distinction is made between consumer psychology and economic psychology, with the former regarded as a subfield of the latter. Traditionally, economic...... of worker/producer as in the role of consumer. Thus, although such phenomena are undoubtedly relevant topics of economic psychology, it seems appropriate to restict the term consumer psychology, as a subfield of economic psychology, to studies of the determinants and impacts of (a) saving/spending patterns...

A 3-stage model for assessing the probable economic effects of direct-to-consumer advertising of pharmaceuticals.

Science.gov (United States)

Vogel, Ronald J; Ramachandran, Sulabha; Zachry, Woodie M

2003-01-01

The pharmaceutical industry employs a variety of marketing strategies that have previously been directed primarily toward physicians. However, mass media direct-to-consumer (DTC) advertising of prescription drugs has emerged as a ubiquitous promotional strategy. This article explores the economics of DTC advertising in greater depth than has been done in the past by using a 3-stage economic model to assess the pertinent literature and to show the probable effects of DTC advertising in the United States. Economics literature on the subject was searched using the Journal of Economic Literature. Health services literature was searched using computer callback devices. Spending on DTC advertising in the United States increased from $17 million in 1985 to $2.5 billion in 2000. Proponents of DTC advertising claim that it provides valuable product-related information to health care professionals and patients, may contribute to better use of medications, and helps patients take charge of their own health care. Opponents argue that DTC advertising provides misleading messages rather than well-balanced, evidence-based information. The literature is replete with opinions about the effects of prescription drug advertising on pharmaceutical drug prices and physician-prescribing patterns, but few studies have addressed the issues beyond opinion surveys. The economic literature on advertising effects in other markets, however, may provide insight. DTC advertising indirectly affects the price and the quantity of production of pharmaceuticals via its effect on changes in consumer demand.

Consumer financial behavior

NARCIS (Netherlands)

van Raaij, W.F.

2014-01-01

Consumer financial behavior is a domain between micro-economics, behavioral finance, and marketing. It is based on insights and behavioral theories from cognitive, economic, and social psychology (biases, heuristics, social influences), in the context of and sometimes in conflict with micro-economic

Border cases between autonomy and relevance: Economic sciences in Berlin--A natural experiment.

Science.gov (United States)

Düppe, Till

2015-06-01

The faculty of economics at today's Humboldt University in Berlin, as no other institution of economics, has witnessed three radical ruptures in its history: in 1933, National Socialism replaced the pluralism prevailing in the Weimar Republic by imposing a "German economics"; after WWII, GDR authorities replaced this NS regime by imposing a Marxist imperative, which after the fall of the wall was replaced by the Western standards of neoclassical economics. In reconstructing these three reforms, institutional history can serve as a context in which questions about the political nature of economic knowledge can be answered that remain speculative in a conceptual context. I thus present a natural experiment in the political epistemology of economics: How do economists respond to, resist, and stabilize, changing political regimes? How do economists renegotiate the autonomy of economic knowledge given changing demands as of its social task? Among others, I show that contrary to Robert Merton's old, but still widely held thesis in political epistemology-that the values of science are compatible only with democratic regimes-the totalitarian and authoritarian regimes created better conditions for methodological pluralism in economics than democratic society. Copyright © 2015 Elsevier Ltd. All rights reserved.

Economic, energy and greenhouse emissions impacts of some consumer choice, technology and government outlay options

International Nuclear Information System (INIS)

Lenzen, Manfred; Dey, Christopher J.

2002-01-01

The impacts of selected spending options in the Australian economy are determined in terms of energy consumption, greenhouse gas emissions and a range of economic parameters. Six case studies of one current-practice and one alternative, environmentally motivated spending option are carried out, describing consumer choices, technologies and government outlays. The assessment method is based on input-output theory and, as such, enables both the direct and indirect effects of spending to be quantified. In general, the results indicate that pro-environmental objectives, such as reductions in energy consumption and greenhouse gas emissions, are compatible with broad socio-economic benefits, such as increases in employment and income, and reductions in imports

Choice--Chance--Control. That's Life. Learning about Insurance through Secondary School Courses. Insurance Basics for Everyone; Social Sciences; Mathematics; Consumer Economics.

Science.gov (United States)

Insurance Education Foundation, Indianapolis, IN.

This guide, which is designed for use with secondary school students, contains four units of activities that teach the fundamentals of insurance within the context of a broad range of subjects, including social sciences, history, civics, government, mathematics, consumer economics, business, economics, life skills, family management, home…

Employment changes in U.S. hardwood lumber consuming industries during economic expansions and contractions since 1991

Science.gov (United States)

William G. Luppold; Matt Bumgardner

2016-01-01

Understanding employment trends is important for discerning the economic vitality of U.S. hardwood lumber users. After a period of growth in the 1990s, employment in industries consuming hardwood lumber has declined in the 21st century. The wood household furniture industry has experienced the greatest decline, with North Carolina, Virginia, and California being the...

[MATCHE: Management Approach to Teaching Consumer and Homemaking Education.] Consumer Approach Strand: Core. Module I-A-3: Consumer Rights and Responsibilities.

Science.gov (United States)

Smith, Sharman

This competency-based preservice home economics teacher education module on consumer rights and responsibilities is the third in a set of four core curriculum modules on consumer approach to homemaking education. (This set is part of a larger series of sixty-seven on the Management Approach to Teaching Consumer and Homemaking Education…

Consumer Buying Behavior

OpenAIRE

Irena Vida; Mojca Maher Pirc

2006-01-01

The study examines the phenomenon of national identity and economic ethnocentrism in consumer buying behavior. Analysis of data collected from a representative sample of adult Slovenian consumers reveals only moderately expressed ethnocentric tendencies. Similar moderation was revealed in the preferences of Slovenian consumers for patriotic purchasing behavior, whereby the domestic origin of products was more important in the case of nondurable goods and services than in the case of durable g...

When health policy and empirical evidence collide: the case of cigarette package warning labels and economic consumer surplus.

Science.gov (United States)

Song, Anna V; Brown, Paul; Glantz, Stanton A

2014-02-01

In its graphic warning label regulations on cigarette packages, the Food and Drug Administration severely discounts the benefits of reduced smoking because of the lost "pleasure" smokers experience when they stop smoking; this is quantified as lost "consumer surplus." Consumer surplus is grounded in rational choice theory. However, empirical evidence from psychological cognitive science and behavioral economics demonstrates that the assumptions of rational choice are inconsistent with complex multidimensional decisions, particularly smoking. Rational choice does not account for the roles of emotions, misperceptions, optimistic bias, regret, and cognitive inefficiency that are germane to smoking, particularly because most smokers begin smoking in their youth. Continued application of a consumer surplus discount will undermine sensible policies to reduce tobacco use and other policies to promote public health.

Estimating the Costs to Consumers of the U.S. Sugar Quota: An Exercise for Introductory Economics Classes.

Science.gov (United States)

Williams, Andrew T.

1997-01-01

Provides a classroom exercise using the restrictive tariffs on sugar to examine issues of protectionism and international trade. Discusses related issues such as the North American Free Trade Agreement and the formation of large regional trading blocks. Includes a hands-on calculation of the economic impact of the quota on consumers. (MJP)

Theoretical and historical bases of formation of social and economic nature of consumer cooperation

Directory of Open Access Journals (Sweden)

Алла Іванівна Мілька

2015-09-01

Full Text Available The essence of cooperation and cooperative approaches to address these concepts and the importance of social and economic component at different stages of development of the cooperative movement and the theory of cooperation are described in the article. Opinions of the scientists about the non-profit nature of the cooperative are considered and researched. Based on the study the main conceptual provisions of cooperation are highlighted and proposed the author's definition of consumer cooperatives is proposed on the basis of the research 

Three S's for Teaching Consumer Economics.

Science.gov (United States)

Karjala, Jeanette A.

1989-01-01

Business educators have an opportunity to help students develop skills and acquire knowledge necessary to become rational consumers. Involving students is more effective than using lectures--it encourages the practice of rational decision making. (JOW)

A health economic model for the development and evaluation of innovations in aged care: an application to consumer-directed care-study protocol.

Science.gov (United States)

Ratcliffe, Julie; Lancsar, Emily; Luszcz, Mary; Crotty, Maria; Gray, Len; Paterson, Jan; Cameron, Ian D

2014-06-25

Consumer-directed care is currently being embraced within Australia and internationally as a means of promoting autonomy and choice in the delivery of health and aged care services. Despite its wide proliferation little research has been conducted to date to assess the views and preferences of older people for consumer-directed care or to assess the costs and benefits of such an approach relative to existing models of service delivery. A comprehensive health economic model will be developed and applied to the evolution, implementation and evaluation of consumer-directed care in an Australian community aged care setting. A mixed methods approach comprising qualitative interviews and a discrete choice experiment will determine the attitudes and preferences of older people and their informal carers for consumer-directed care. The results of the qualitative interviews and the discrete choice experiment will inform the introduction of a new consumer-directed care innovation in service delivery. The cost-effectiveness of consumer-directed care will be evaluated by comparing incremental changes in resource use, costs and health and quality of life outcomes relative to traditional services. The discrete choice experiment will be repeated at the end of the implementation period to determine the extent to which attitudes and preferences change as a consequence of experience of consumer-directed care. The proposed framework will have wide applicability in the future development and economic evaluation of new innovations across the health and aged care sectors. The study is approved by Flinders University Social and Behavioural Research Ethics Committee (Project No. 6114/SBREC). Findings from the qualitative interviews, discrete choice experiments and the economic evaluation will be reported at a workshop of stakeholders to be held in 2015 and will be documented in reports and in peer reviewed journal articles. Published by the BMJ Publishing Group Limited. For permission to

Matching, Demand, Maximization, and Consumer Choice

Science.gov (United States)

Wells, Victoria K.; Foxall, Gordon R.

2013-01-01

The use of behavioral economics and behavioral psychology in consumer choice has been limited. The current study extends the study of consumer behavior analysis, a synthesis between behavioral psychology, economics, and marketing, to a larger data set. This article presents the current work and results from the early analysis of the data. We…

An exploration of socio-economic and food characteristics of high trans fatty acid consumers in the Dutch and UK national surveys after voluntary product reformulation.

Science.gov (United States)

Rippin, H L; Hutchinson, J; Ocke, M; Jewell, J; Breda, J J; Cade, J E

2017-01-01

Trans fatty acids (TFA) increase the risk of mortality and chronic diseases. TFA intakes have fallen since reformulation, but may still be high in certain, vulnerable, groups. This paper investigates socio-economic and food consumption characteristics of high TFA consumers after voluntary reformulation in the Netherlands and UK. Post-reformulation data of adults aged 19-64 was analysed in two national surveys: the Dutch National Food Consumption Survey (DNFCS) collected 2007-2010 using 2*24hr recalls (N = 1933) and the UK National Diet and Nutrition Survey (NDNS) years 3&4 collected 2010/11 and 2011/12 using 4-day food diaries (N = 848). The socio-economic and food consumption characteristics of the top 10% and remaining 90% TFA consumers were compared. Means of continuous data were compared using t-tests and categorical data means using chi-squared tests. Multivariate logistic regression models indicated which socio-demographic variables were associated with high TFA consumption. In the Dutch analyses, women and those born outside the Netherlands were more likely to be top 10% TFA consumers than men and Dutch-born. In the UK unadjusted analyses there was no significant trend in socio-economic characteristics between high and lower TFA consumers, but there were regional differences in the multivariate logistic regression analyses. In the Netherlands, high TFA consumers were more likely to be consumers of cakes, buns & pastries; cream; and fried potato than the remaining 90%. Whereas in the UK, high TFA consumers were more likely to be consumers of lamb; cheese; and dairy desserts and lower crisps and savoury snack consumers. Some socio-demographic differences between high and lower TFA consumers were evident post-reformulation. High TFA consumers in the Dutch 2007-10 survey appeared more likely to obtain TFA from artificial sources than those in the UK survey. Further analyses using more up-to-date food composition databases may be needed.

When Health Policy and Empirical Evidence Collide: The Case of Cigarette Package Warning Labels and Economic Consumer Surplus

Science.gov (United States)

Song, Anna V.; Brown, Paul

2014-01-01

In its graphic warning label regulations on cigarette packages, the Food and Drug Administration severely discounts the benefits of reduced smoking because of the lost “pleasure” smokers experience when they stop smoking; this is quantified as lost “consumer surplus.” Consumer surplus is grounded in rational choice theory. However, empirical evidence from psychological cognitive science and behavioral economics demonstrates that the assumptions of rational choice are inconsistent with complex multidimensional decisions, particularly smoking. Rational choice does not account for the roles of emotions, misperceptions, optimistic bias, regret, and cognitive inefficiency that are germane to smoking, particularly because most smokers begin smoking in their youth. Continued application of a consumer surplus discount will undermine sensible policies to reduce tobacco use and other policies to promote public health. PMID:24328661

Behavioral Economics and Consumption

DEFF Research Database (Denmark)

Reisch, Lucia A.; Sunstein, Cass R.

2015-01-01

Behavioral economics explores why people sometimes fail to make rational decisions, and how their behavior departs from the predictions of standard economic models. Insights gained from studies in behavioral economics are used in consumer research and consumer policy to understand and improve ind...

Invitation to Consumer Behavior Analysis

Science.gov (United States)

Foxall, Gordon R.

2010-01-01

This article presents an introduction to consumer behavior analysis by describing the Behavioral Perspective Model of consumer choice and showing how research has, first, confirmed this framework and, second, opened up behavior analysis and behavioral economics to the study of consumer behavior in natural settings. It concludes with a discussion…

Impact of scarcity on consumer behavior

Directory of Open Access Journals (Sweden)

T.U. Kulakovsky

2016-09-01

Full Text Available This article analyzes the impact of scarcity on consumer behavior and on perception of scarce goods consumer qualities. The author examines and subjects to the critical analysis the impact of scarcity on consumer behavior within economic theory, the theory of reactance and commodity theory. The differences in explaining the impact of scarcity on consumer behavior in economic and psychological sciences is highlighted. The current researcher experimentally proves the impact of the scarcity as an isolated factor on consumer behavior and the impact of scarcity on consumer perception of product quality. According to the reactance theory, an individual perceives scarcity as the restriction of his freedom that causes resistance in response to a possible restriction of freedom of actions. This reinforces the desire to have such a scarce product. To confirm the psychological impact of scarcity on a domestic consumer the author designs and conducts the experiment that confirms the following hypotheses: scarcity affects consumer behavior and stimulates consumers to purchase scarce commodities; scarcity has impact on the perception of scarce product consumer qualities. Such consumer behavior relatively to scarce goods can be used by marketers to promote products on the market.

USSR Report: Consumer Goods and Domestic Trade

National Research Council Canada - National Science Library

1985-01-01

.... This document contains articles on consumer goods and domestic trade within the USSR. Topics include: consumer goods production and distribution, housing and personal services, and consumer sector policy and economics.

Green Product Development with Consumer Heterogeneity under Horizontal Competition

Directory of Open Access Journals (Sweden)

Bing Xu

2018-06-01

Full Text Available In this paper, we explore the pricing and greenness issues of two competitive firms without and with consumer heterogeneity. We derive and compare the optimal solutions and profits employed by firms under different scenarios. Then, we identify the effects of consumer heterogeneity under different competition intensities. The analytical results reveal that if market competition is at a relatively low level, we find that: (i when the greenness sensitivity of consumers with no preference is sufficiently small, more consumers have high environmental awareness, and companies easily achieve their environmental goals as well as economic goals; (ii when the greenness sensitivity of consumers with no preference is at a medium level, as the fraction of consumers with high environmental awareness increases, and the firm might achieve economic goals at the cost of reducing environmental goals; and (iii when the greenness sensitivity of consumers with no preference is at a high level, the fraction of consumers with high environmental awareness increases, but firms might have more difficulty achieving their environmental and economic goals. On the other hand, if the market competition is at a relatively high level, the presence of consumer heterogeneity can help improve environmental goals, but make achievement of economic goals difficult.

RUSSIAN FOREIGN POLICY - INTERESTS VECTORS AND ECONOMIC IMPACT

Directory of Open Access Journals (Sweden)

ANDREEA – EMANUELA DRǍGOI

2015-12-01

Full Text Available In recent decades, Russia's foreign policy was shaped by both a number of internal factors (government strategy, political elites, culture, economics and demography and external ones (international treaties, changes in the structure of the international power balance. In the post-soviet era Russian foreign policy was radically different from that of other major economic powers. One of the factors that influenced decisively Russia’s external strategies was the collapse of the USSR as a superpower (phenomenon described by the president Vladimir Putin as "the most powerful geo-political catastrophe of the XXst century". The shift from the former communist regime (a totalitarian one to an authoritarian oligarchy (the current regime was followed by the transition to a market economy, a phenomenon that coincided with Russia’s military and political diminished influence in the international arena. Our research aims to assess the main interest vectors that shaped Russian Foreign Policy considering the main events that constitute milestones: Russia’s emerging as a great energy power, the Crimean crisis and Western international economic sanctions that followed. Our paper will base the main assumption on a joint analysis both qualitative and quantitative, using main international economic indicators (GDP, FDI flows, trade flows, general government balance and general gross debt and the most relevant approaches in the literature in the field.

Secondary School Student's Attitude towards Consumer

African Journals Online (AJOL)

FIRST LADY

Keywords: Consumer Education, Attitude, Home Economics, Secondary. School Students. ... Home Management taught at Senior Secondary School level. Today ..... indicate that facilities for teaching Consumer Education especially textbooks.

Consumers` Attitude towards Consumer Protection in the Digital Single Market, as Reflected by European Barometers

Directory of Open Access Journals (Sweden)

Doru Alexandru Pleşea

2014-05-01

Full Text Available The European Single Market is an ongoing project that will continue to further develop and adapt to changing realities. Traditional economic activities, and the administrative rules governing them, face the challenge of adapting to developments that blur the dividing lines, for example, between shop and online sales or between traditional media and Internet communication. Convergence of this type will lead to a European Digital Single Market. A genuine Digital Single Market would generate new types of growth and also sustainable economic and social benefits for all European citizens. There are still a number of barriers which impose obstacles for the development of the digital market in Europe. Obstacles which can be identified include national differences regarding data protection rules, e-commerce rules, consumer protection rules and other legislation pertaining to information flows. The paper brings in discussion the advantages of a Digital Single Market, the obstacles in developing it in connection with e-commerce regulations, consumer protection and information flows legislation and also the premises for implementing a Digital Single Market. Consumers’ trust in on-line commerce results as one of the driving factors in implementing a Digital Single Market. These are some of the main obstacles for the boosting consumers’ confidence in the European Single Market. Improving consumer confidence in cross-border shopping online by taking appropriate policy action could provide a major boost to economic growth in Europe. Empowered and confident consumers can drive forward the European economy. Starting from the results of the Flash Euro-barometer survey „Consumer attitudes towards cross-border trade and consumer protection this study analyzes consumer`s readiness for the European Digital Single Market

Lessons in Outbreak a Consumer perspective

NARCIS (Netherlands)

Fischer, A.R.H.

2008-01-01

Lessons in Outbreak a Consumer perspective. Arnout Fischer Consumer risk perceptions is not necessarily the same as an economic weighing of risks and benefits. Consumers tend to be risk averse, tend to estimate catastrophic, unnatural or involuntary risks as larger, while personal lifestyle risks

Consumer energy conservation policy. An analytical approach

Energy Technology Data Exchange (ETDEWEB)

McDougall, G.H.G.; Ritchie, J.R.B.

1984-06-01

To capture the potential energy savings available in the consumer sector an analytical approach to conservation policy is proposed. A policy framework is described and the key constructs including a payoff matrix analysis and a consumer impact analysis are discussed. Implications derived from the considerable amount of prior consumer research are provided to illustrate the effect on the design and implementation of future programmes. The result of this analytical approach to conservation policy - economic stability and economic security - are goals well worth pursuing.

The Social and Economic Factors Influence upon the Healthcare Services Consumers Behaviour

Directory of Open Access Journals (Sweden)

Daniel Adrian GÂRDAN

2015-06-01

Full Text Available The research in the field of healthcare services consumer behaviour represents a very complex task with multiple implications. The consumer behaviour is much nuanced depending on the type of services or products that we are referring on. In the case of healthcare services, the behaviour is more complex than other services and is influenced mainly by special motivations like the need for a proper health status or the need to recover from a certain disease. The present article is proposing a qualitative type research as an in-depth interview with dentists regarding their perception about the influence that social and economic factors can have upon the consumers’ behaviour. The results of the research suggest that the influence of social factors is very complex, from the simple more intense concern related with dental hygiene and appearance of teeth up to anxious behaviour and isolation in the case of patients with severe dental diseases that have affected their face bones structure or the capacity to chew and speak. These findings shows that the consumers’ behaviour can be shaped by the complex interaction of different factors, and the response from dentists and those in charge with the provision of dental healthcare services can make the difference between a sustainable consumption and a dramatic route of unsatisfied consumers’ expectations.

A STUDY ON CHANGING CONSUMER BEHAVIOUR TOWARDS FAST MOVING CONSUMABLE GOODS IN INDIA

OpenAIRE

Deekshitha; M. A. Udaya Kumar; M. D. Pradeep

2017-01-01

Consumers are the king in the modern business world. They are one who buys goods for their consumption to meet their aspirations. Fulfilling consumer desire is the ultimate goal of marketing activities. Indian business are highly influenced by the rapid changes in the technology, improved economic systems, higher purchasing power of consumers, changing life style, online marketing and retail opportunities. Organised retail business has facilitated towards bringing drastic changes in the buyi...

The Economic representation of environmental consumer behavior. The case of household waste; Representation economique du comportement ecologique des consommateurs. Le cas des dechets menagers

Energy Technology Data Exchange (ETDEWEB)

Jolivet, P.

2001-12-01

This PhD dissertation deals with the economic representation of consumer behavior with regards to their environmental conscience. The particular focus point is the production of household wastes, which is analyzed from a dual point of view: on the one hand as a consequence of consumption activities, and as a specific economic choice activity on the other. The central problem of this dissertation is thus the following: can the phenomenon 'waste' be economically represented as an individual consumption act? The first part of this thesis deals with the environmental sensitivity of consumers in general, and their sensitivity for waste in particular. It is supposed that individuals can integrate the environment in their consumption choices, when buying products on the market: this is defined as continuous environmental rationality. The second part develops the behavior of an individual that decides to separate its waste. On the basis of a qualitative survey among households, their discourse and actions are analyzed in order to define the behavior of a waste consumer-producer. One of the results of our survey is the assumption that when economic agents have an environmental conscience, this latter is not necessarily translated into consumption choices. The conscience for household wastes, which occur only after the consumption moment, defines a discontinuous environmental rationality. On this basis, we suggest to widen the traditional analytical framework of household consumption. (author)

Totalitarismo morbido in Günther Anders

Directory of Open Access Journals (Sweden)

Romina Martinelli

2014-04-01

Full Text Available According to G. Anders totalitarianism arises from the age of technology: political totalitarianism, though terrible, is only an effect of the technological one. The terrorism of technology world is not represented by the violence but rather by the entertainment. The frightening aspect of the entertainment is represented by its harmless seductive and disarming lacking, by its lack of seriousness which captures us unprepared and defenseless. The human being in front of the new media becomes a “mass hermit”, a passive world consumer, pleasantly deprived of his freedom of choice. Fully involved in a conformist society, the individual is robbed of the awareness of his condition of non freedom. In that social environment totalitarianism evolves, becomes soft and leads to an absolutely superior capacity of control compared to that achieved by the classical totalitarianism since it isn’t personified by a political institutional actor any longer, it does not use the terror but the lure, making individuals prey to their illusory false consciousness of freedom.

Consumer Protection and Behavioral Economics: To BE or Not to BE?

OpenAIRE

Howard Beales

2008-01-01

The foundation of consumer protection policy is respect for consumer choice. Modern consumer protection recognizes the need to preserve information markets and to carefully structure interventions to ensure compatibility with how consumers actually process information.

Consumer energy - conservation policy: an analytical approach

Energy Technology Data Exchange (ETDEWEB)

McDougall, G.H.G.; Ritchie, J.R.B.

1984-06-01

To capture the potential energy savings available in the consumer sector an analytical approach to conservation policy is proposed. A policy framework is described, and the key constructs including a payoff matrix analysis and a consumer impact analysis are discussed. Implications derived from the considerable amount of prior consumer research are provided to illustrate the effect on the design and implementation of future programs. The result of this analytical approach to conservation policy (economic stability and economic security) are goals well worth pursuing. 13 references, 2 tables.

Consumer credit as a novel marker for economic burden and health after cancer in a diverse population of breast cancer survivors in the USA.

Science.gov (United States)

Dean, Lorraine T; Schmitz, Kathryn H; Frick, Kevin D; Nicholas, Lauren H; Zhang, Yuehan; Subramanian, S V; Visvanathan, Kala

2018-06-01

Consumer credit may reflect financial hardship that patients face due to cancer treatment, which in turn may impact ability to manage health after cancer; however, credit's relationship to economic burden and health after cancer has not been evaluated. From May to September 2015, 123 women with a history of breast cancer residing in Pennsylvania or New Jersey completed a cross-sectional survey of demographics, socioeconomic position, comorbidities, SF-12 self-rated health, economic burden since cancer diagnosis, psychosocial stress, and self-reported (poor to excellent) credit quality. Ordinal logistic regression evaluated credit's contribution to economic burden and self-rated health. Mean respondent age was 64 years. Mean year from diagnosis was 11.5. Forty percent of respondents were Black or Other and 60% were White. Twenty-four percent self-reported poor credit, and 76% reported good to excellent credit quality. In adjusted models, changing income, using savings, borrowing money, and being unable to purchase a health need since cancer were associated with poorer credit. Better credit was associated with 7.72 ([1.22, 14.20], p = 0.02) higher physical health t-score, and a - 2.00 ([- 3.92, - 0.09], p = 0.04) point change in psychosocial stress. This exploratory analysis establishes the premise for consumer credit as a marker of economic burden and health for breast cancer survivors. Future work should validate these findings in larger samples and for other health conditions. Stabilizing and monitoring consumer credit may be a potential intervention point for mitigating economic burden after breast cancer.

PROBLEMS OF CONSUMER PROTECTION IN TOURISM

Directory of Open Access Journals (Sweden)

Gina Ionela Butnaru

2013-07-01

Full Text Available The actuality of the topic, its extent and importance, were strong arguments for writing this paper - Problems of consumer protection in tourism. To this, also the convergence of the fields that focus on the description of a image in deep of the topic is added, we are talking about economic, legal social features or features that belong to the specifics of tourism and of products and services consumed within it. The multiple dimensions of the approached topic transform it into an exciting topic which proves its usefulness when it is known since each individual can acquire the quality of a consumer, and his rights as a consumer are nothing else but the human rights of which every individual has to be aware. A process of education and information of the citizens regarding the rights they possess as consumers could reduce a part of the problems appearing in the process of consume of tourism products and services but it would contribute to the optimization of the protection of rights and interests of the consumers. In economic terms, democracy also implies ensuring the rights of the consumers and thus their protection, therefore the concept of protection of rights and interests of consumers exists.

Lawful Distortion of Consumers’ Economic Behaviour

DEFF Research Database (Denmark)

Trzaskowski, Jan

2016-01-01

‘collateral damage’. In that vein this article discusses situations where consumers may have their economic behaviour distorted by commercial practices that are not unfair under the Directive. It is expected that many consumers will make relatively good decisions most of the time...... Visitors’). The article suggests how behavioural sciences may be applied to understand these situations in order to protect more consumers from having their economic behaviour distorted by commercial practices. It is suggested that per se prohibitions may be advantageous in some instances as long......The Unfair Commercial Practices Directive prohibits unfair business-to-consumer commercial practices with a view to protect consumers’ economic interests. In a market economy such regulation cannot protect the economic interests of all consumers in all situations – there must inevitably be some...

Food safety and the reversed political consumer

DEFF Research Database (Denmark)

Christensen, Tove; Denver, Sigrid; Mørkbak, Morten Raun

We address the question of whether people act as political consumers in relation to food safety. By linking evidence from economic valuation studies on consumers' willingness to pay with sociological studies on consumer behaviour and market studies, we find that food safety does not call...

Cognitive style and consumer innovativeness

OpenAIRE

Foxall, Gordon R.; Haskins, Christopher

1986-01-01

The identification of consumer innovators offers marketing managers the opportunity to tailor new products to the buyers who initiate the diffusion of innovations. Progress has been made in identifying such consumers in economic and social terms, but there are advantages of cost and convenience in isolating the personality profiles of innovators, especially during prelaunch product testing. But innovative consumers' distinctive personality traits have proved elusive. This paper reports an inv...

Diversification of the economic profile and selected aspects of market activity in age groups of young consumers

Directory of Open Access Journals (Sweden)

Grażyna Adamczyk

2010-01-01

Full Text Available In the article an influence of the age of young consumers on chosen economic aspects of their market activity was described. It is stated that with the age of young consumers their purchasing fund and sources of its recruiting were increasing. Teenagers (secondary-school people more often demonstrate also a tendency to save money to concrete objectives, e.g. holidays, travels, training, but their current expenses are concentrating mainly around different active or passive forms of spending free time. Older teenagers are also more critical in relation to advertisements, and price and different instruments of sales promotion are factors which are exerting a significant influence on their purchase decisions. With the growth of importance of goods in the hierarchy of satisfying needs, role of determinants of choice besides the price, also a brand of the product are assumed.

Influence of non-economic factors in the use of personal care products: the case of male Peruvian consumer

Directory of Open Access Journals (Sweden)

Otto Regalado Pezúa

2016-07-01

Full Text Available Over the past decade, the supply of male personal care products and services has increased considerably on a global scale. In the case of the Peruvian market, this phenomenon is still incipient despite a favorable economic outlook that has boosted the consumption in different categories. This research identifies factors that influence the consumption decision of this kind of products for the male segment. To do this, the authors used the Theory of Planned Behavior of Ajzen. The results show that male consumers´ perception of his environment (subjective norm restrains the intention of consumption of personal care products, even though the male consumer has a positive attitude toward using of these products. These factors would reflect the existence of deeply rooted taboos in Peruvian culture, based on a traditional view of man.

Food quality and the consumers

DEFF Research Database (Denmark)

Lassen, Jesper

1993-01-01

Executive Summary: 1. Consumers and professionals in the food sector will differ in the way they view food quality. Professionals have knowledge and resources to establish quality based on objective criteria. Consumers lack both, and they are typically concerned with many different products...... resources, of means of transportation, of time, of knowledge. Consumers' shopping behaviour is therefore an imperfect indicator of the quality consumers want, insufficient way of communicating consumer wishes to the food sector. 3. The fact that the food producer may be separated from the consumer...... certain attributes of food products or materials which may contradict consumer intentions. Economic pressure to reduce costs may lead to deteriorating quality. 5. While the information supplied by the market may be enough to give feed back on products launched based on the trial-and-error method...

Migration AND Development in Post-Totalitarian Argentina

Directory of Open Access Journals (Sweden)

Teodora-Maria Daghie

2015-08-01

Full Text Available This paper aims to analyse the migration issues in Argentina, as they are perceived through the lenses of the European Union. Argentine society has faced capital changes in the past twenty years, going from a militarist regime to market economy and liberal democracy. All these have culminated with a profound economic crisis at the beginning of the years 2000, changing perceptions and creating new social patterns. Even though Argentine was since its creation a nation of immigrants, in the latest years this has become a sensitive issue. Deteriorating economic factors gave birth to an anti-immigration wave and to an emigration phenomenon.

The contention within health economics: a micro-economic foundation using a macro-economic analysis.

Science.gov (United States)

Yaxley, I L

1998-03-01

Health economists claim to use market economics combined with the micro-economic concepts of opportunity cost and the margin to advise on priority setting. However, they are advising on setting priorities through a macro-economic analysis using the costs of the supplier, thus prioritising the producer and not the consumer as the dynamic of economic activity. For health economists any contention within priority setting is due to lack of data not their confusion over fundamental concepts.

THE HICKSIAN RATIONAL CONSUMER

OpenAIRE

Manuel FERNÁNDEZ-GRELA

2005-01-01

The aim of this paper is to trace the evolution of the concept of ''rational consumer'' in Hicks's writings. After being one of the pioneers in the introduction of rationality assumptions about consumer behaviour in economic models, Hicks gradually developed a sceptical view about some of the uses to which those assumptions were put into. The focus of the paper is on continuity in Hicksian views, providing a picture of gradual changes in the long series of Hicks's works

Teaching about Starbucks and Consumer Literacy

Science.gov (United States)

Malczewski, Joan; Plafker-Gutt, Debra; Cohen, Robert

2011-01-01

One of the great challenges social studies teachers face is promoting economic and consumer literacy among their students. Fostering such literacy helps students to think critically and independently about their own roles as consumers as well as about the claims and promises the corporate world makes through mass advertising and the branding of…

Understanding consumer decisions using behavioural economics

NARCIS (Netherlands)

Zandstra, E.H.; Miyapuram, K.P.; Tobler, P.N.; Pammi, C.; Srinivasan, N.

2013-01-01

People make many decisions throughout the day involving finances, food and health. Many of these decisions involve considering alternatives that will occur at some point in the future. Behavioural economics is a field that studies how people make these decisions (Camerer, 1999)[[Au: The reference

Techno-economic analysis and decision making for PHEV benefits to society, consumers, policymakers and automakers

Science.gov (United States)

Al-Alawi, Baha Mohammed

Plug-in hybrid electric vehicles (PHEVs) are an emerging automotive technology that has the capability to reduce transportation environmental impacts, but at an increased production cost. PHEVs can draw and store energy from an electric grid and consequently show reductions in petroleum consumption, air emissions, ownership costs, and regulation compliance costs, and various other externalities. Decision makers in the policy, consumer, and industry spheres would like to understand the impact of HEV and PHEV technologies on the U.S. vehicle fleets, but to date, only the disciplinary characteristics of PHEVs been considered. The multidisciplinary tradeoffs between vehicle energy sources, policy requirements, market conditions, consumer preferences and technology improvements are not well understood. For example, the results of recent studies have posited the importance of PHEVs to the future US vehicle fleet. No studies have considered the value of PHEVs to automakers and policy makers as a tool for achieving US corporate average fuel economy (CAFE) standards which are planned to double by 2030. Previous studies have demonstrated the cost and benefit of PHEVs but there is no study that comprehensively accounts for the cost and benefits of PHEV to consumers. The diffusion rate of hybrid electric vehicle (HEV) and PHEV technology into the marketplace has been estimated by existing studies using various tools and scenarios, but results show wide variations between studies. There is no comprehensive modeling study that combines policy, consumers, society and automakers in the U.S. new vehicle sales cost and benefits analysis. The aim of this research is to build a potential framework that can simulate and optimize the benefits of PHEVs for a multiplicity of stakeholders. This dissertation describes the results of modeling that integrates the effects of PHEV market penetration on policy, consumer and economic spheres. A model of fleet fuel economy and CAFE compliance for

Explaining purchases of organic meat by Dutch consumers

NARCIS (Netherlands)

Verhoef, PC

2005-01-01

This study investigates the impact of economic and marketing variables ( quality, price, and distribution), emotions ( fear, empathy, and guilt), social norms, and environment-related variables ( environmental concern, green behaviour, and perceived consumer effectiveness) on Dutch consumers'

Consumer Education: A Partnership between Schools and Families.

Science.gov (United States)

Pritchard, Mary E.; Myers, Barbara Kimes

1992-01-01

A survey of 16 adolescents, 11 mothers, and 11 fathers found remarkably similar economic value orientations, supporting consumer socialization theories. Inclusion of families as socializing agents and knowledge of adolescent development are recommended for consumer education. (SK)

What do consumer surveys and experiments reveal and conceal about consumer preferences for genetically modified foods?

Science.gov (United States)

Colson, Gregory; Rousu, Matthew C

2013-01-01

Assessing consumer perceptions and willingness to pay for genetically modified (GM) foods has been one of the most active areas of empirical research in agricultural economics. Researchers over the past 15 years have delivered well over 100 estimates of consumers' willingness to pay for GM foods using surveys and experimental methods. In this review, we explore a number of unresolved issues related to three questions that are critical when considering the sum of the individual contributions that constitute the evidence on consumer preferences for GM foods.

ANALYSIS OF LEGAL AND METHODOLOGICAL GROUNDS FOR RISK-ORIENTED SURVEILLANCE OVER CONSUMER PRODUCTS: TASKS AND DEVELOPMENT PROSPECTS IN THE EURASIAN ECONOMIC UNION

Directory of Open Access Journals (Sweden)

N.V. Zaitseva

2017-12-01

Full Text Available The paper dwells on basic legal and sub-legislative documents issued in the EU, the USA, Canada, by the WTO and Codex Alimentarius Commission which provide control of consumer products safety on the basis of assessing risks for consumers' life and health. Risk-oriented surveillance is shown as a system which makes for lower loads on business but still provides systemic control over most hazardous products. The EU legislation fixes the right to perform supranational control over state control systems existing in the EU member states in terms of their relevance and legitimacy. This supranational control is supported by organizational structures and regulatory and methodological documents. National control systems are systematically reviewed and analyzed in order to secure their conformity to supranational regulatory acts, to detect any cases of non-compliance, and to spread the best practices. Risk analysis reviews and results are open and discussable. As a result of products hazards assessment their turnover can be limited, or they can be withdrawn from the market, or additional information on hazards or risks they may cause is to be provided for consumers. Public and constantly operating systems of informing about hazardous goods are well-developed. International experience and practices in the sphere of risk-oriented surveillance over consumer products can be and should be applied in the Eurasian Economic Union (EEU countries. The Eurasian Economic Union countries fix orientation at observing consumer goods safety principles in their legislation. There are also legal grounds for and practices in the sphere of risk-oriented approach to products manufactures. But it is necessary to further develop a products classification system as per consumer health risk parameters. And this task requires working out unified approaches to classification of both eatable and non-eatable products. It seems relevant to develop a public analytical database of risk

THE ECONOMICS STUDENT – THE FUTURE BUSINESSMAN. FROM THE AWARENESS OF CONSUMERS' RIGHTS TO THEIR ENFORCEMENT

Directory of Open Access Journals (Sweden)

Roman Teodora

2014-07-01

Full Text Available The student attending courses related to business field is the one who, as a practitioner, will direct his business towards the customer. Educating such students in a spirit of recognition and respect for the rights of consumers will determine them to apply these universal axioms in their future business approach.The objective of the research is to determine the experience achieved by the business student, as a consumer of various services, expressed through the knowledge, claim and protection of his consumer’s rights in case of violation of such rights. In order to achieve this objective, we conducted a survey on a sample of 291 third-year students of the Faculty of Economics and Business Administration, business management specializations (The Economy of Commerce, Services and Tourism, Marketing and Management. The main results of this research show that only 69.9% of the total sample has ever experienced a situation of violation of consumers` rights, 50.5% of cases being recorded in the service-providing field. Contrary to expectations, ECTS students are those who report the lowest number of situations of this kind for the service-providing field (46.75%, the rest being associated with tangible goods. Also, when experiencing a violation of consumer’s rights, a person goes through bad moods and emotions, which will remain as a mark in the mind of that person for a longer period of time. If the complaint is resolved in favour of the customer, then such a situation generates positive emotions that tend to be evoked for a longer period of time, as well. Putting face to face the actual reaction versus recommended reaction, and analyzing the emotional implications of a person experiencing such a situation of violation of consumer rights, we consider that our work may be useful because it explains to affected consumers the actions to be taken, and namely because it emphasizes the importance of educating the future business people in the spirit

Consumers' perceptions of corporate social responsibilities : A cross-cultural comparison

NARCIS (Netherlands)

Maignan, [No Value

Based on a consumer survey conducted in France, Germany, and the U.S., the study investigates consumers' readiness to support socially responsible organizations and examines their evaluations of the economic, legal, ethical, and philanthropic responsibilities of the firm. French and German consumers

The role of testosterone and estrogen in consumer behavior and social & economic decision making: A review.

Science.gov (United States)

Stanton, Steven J

2017-06-01

A contribution to a special issue on Hormones and Human Competition.This manuscript reviews the current literature on the actions of the steroid hormones testosterone and estradiol in shaping humans' behavior within two applied contexts, specifically consumer behavior and decision making (both social and economic). The theoretical argument put forth is that steroids shape these everyday behaviors and choices in service to being more competitive in achieving long-term goals related to resource acquisition, mating success, and social dominance. In addition, a discussion of the increased research focus on the role of steroids in other applied business domains will highlight the relevant applications of basic science discoveries in behavioral endocrinology. Copyright © 2016 Elsevier Inc. All rights reserved.

[Peculiarity of consumer preference shaping in pharmaceutical market in azerbaijan].

Science.gov (United States)

Mansurova, L

2011-01-01

Pharmaceutical market researches in terms of consumer behavior are topical in current social-economical conditions. Thereby the goal of these researches is studying of particular properties of consumer behavior on the drug market and identifying of factors affect on its formation. The method of questioning was used. The questionnaire has been completed from the point of view of possibilities and interests of common consumer. One part of questions was concerned to demographical and personal characteristics of customers. For the analysis of consumer behavior have been used parameters such as frequency of visits to definite pharmacy, attraction of pharmacy, types of purchases. The survey had been determined the basic factors of pharmacy visitors' consumer behavior. According to the consumers opinion the main criteria of choice of pharmacy were professional knowledge and experience of pharmacy's workers. Some of economical factors, such as affordability and etc. have been analyzed.

Consumer Legislation and E-Commerce Challenges

Directory of Open Access Journals (Sweden)

Jason Freeman

2015-07-01

Full Text Available Where there is vigorous competition, and consumer confidence, there is economic growth. E-commerce drives both of these but there remain situations where traders exploit technology or consumer behavioural biases, and seek to compete on the wrong things –such as unrealistic up front prices. This harms competition and can reduce consumer trust, meaning that consumers consume less. This could occur when traders: i prevent consumers from accessing, assessing or acting on information, and so make the wrong choice; ii take advantage of their superior understanding of technology to collect data or money from consumers; iii abuse the advantages of the internet (ease of set up, cross jurisdictional reach, access to markets to misrepresent the price, the quality, the range of products on offer, or the service you will get.Firms should therefore behave responsibly, and not seek to steal an unfair march on their competitors. Effective enforcement incentivises the right behaviours. In order to enforce effectively, EU agencies need to prioritise robustly and build strong competence in internet investigation. Increasingly enforcement activities need to be run as international projects involving non EU enforcers and industry allies –and we need to be willing to protect overseas consumers as well as our own. It is important that the legal framework facilitates, rather than hinders, enforcement –so that for example investigators can easily discover the true identity of traders who run anonymous websites, that they are able to carry out covert test purchases, and so that websites causing harm to the economic interests of consumers can swiftly be removed.There are a number of areas where the EU legislator should consider further work, in order to address those persistent threats that have proven difficult to eradicate so far: clarifying the scope of platform responsibility; extending consumer protection to all individuals; ensuring all CPC enforcers have

Comparison of district heating expansion potential based on consumer-economy or socio-economy

DEFF Research Database (Denmark)

Grundahl, Lars; Nielsen, Steffen; Lund, Henrik

2016-01-01

Recent studies show that a high share of district heating is an important part of a future sustainable energy system or smart energy system with a high renewable energy penetration. These studies also show socio-economic benefits of expanding the district heating coverage. However, in order...... to implement such an expansion, district heating needs to be economically feasible for the heat consumers. This aspect is often not investigated and hence it is unknown if calculations based on consumer-economy, where tax payment is included, will yield the same potential of expansion. This study identifies...... the differences in the expansion potential of district heating calculated with a socio-economic and a consumer-economic approach, respectively, in a case study of Denmark. By also investigating the consumer-economy of expanding district heating, a deeper insight is obtained of possible locations for expanding...

Consumer motivations toward buying local rice: The case of northern Iranian consumers.

Science.gov (United States)

Rahnama, Hassan

2017-07-01

This research had two purposes. The first aim was to identify Iranian and Non-Iranian rice consumers based on demographic characteristics and examine difference of these features with buying behaviors. The second purpose of study was to investigate consumer's motivation to buy local rice in Iran. The sample were 1500 people (men and women). The data was collected by using questionnaire based on a face-to-face survey. Chi-square, confirmatory factor analysis, and multiple linear regression were applied to assess collected data by a questionnaire survey. Regarding Iranian local rice buyers, 884 people buy local rice. Chi-square test showed that there is a significant difference between gender, having children, and marital status in buying local rice. Habitual Iranian local rice buyers include: female (51%), people who are more than 45 years old (51%), people with children (63%), people who are living urban (61%), married people (48%) and individuals that their monthly income is between 321.5 and 625 Dollars (53%). Regarding non-Iranian rice buyers, 616 people buy it. Also there is a significant difference between gender, location, marital status, and income in buying local rice. For considering consumers motivation toward buying local rice the econometrical model is used. Model had three aspects including; quality aspects (taste, good appearance), economic aspects (price, convenience, consumer's ethnocentrism), and safety aspects (health, not using pesticides and environment protection) and seven subset. The results of analysis indicated that quality aspects, economic aspects and safety aspects have positive effects on buying Iranian local rice. Also, indicative variables including; taste, good appearance, price, convenience, consumer's ethnocentrism, health, not using pesticides and environment have significant effects on buying it. Copyright © 2017 Elsevier Ltd. All rights reserved.

An exploration of socio-economic and food characteristics of high trans fatty acid consumers in the Dutch and UK national surveys after voluntary product reformulation.

NARCIS (Netherlands)

Rippin, H L; Hutchinson, J; Ocke, M; Jewell, J; Breda, J J; Cade, J E

2017-01-01

Trans fatty acids (TFA) increase the risk of mortality and chronic diseases. TFA intakes have fallen since reformulation, but may still be high in certain, vulnerable, groups. This paper investigates socio-economic and food consumption characteristics of high TFA consumers after voluntary

Rational Choice, Consumer Vulnerability and Empowerment: Diverging Economic Perspectives and Issues for Debate

Directory of Open Access Journals (Sweden)

Mădălina Bălău-Ariton

2013-05-01

Full Text Available This paper discusses the issue of consumer choice seen from two quite diverging perspectives: rational choice theory and consumer empowerment as it is currently measured by available research at European Union level. The question we try to answer is: In what manner do the assumptions on consumer rational choice influence the actual understanding of choice and the improvement of the fairness of the choice? To this aim we review the basic theoretical ideas on rational choice and consumer empowerment, as well as the conclusions of previous research on Romanian consumers’ empowerment current situation. The main finding of this analysis is that Romanian consumer choice needs more awareness, an increase of consumer skills and more active individual involvement in discussing these issues.

14 CFR 234.11 - Disclosure to consumers.

Science.gov (United States)

2010-01-01

... 14 Aeronautics and Space 4 2010-01-01 2010-01-01 false Disclosure to consumers. 234.11 Section 234...) ECONOMIC REGULATIONS AIRLINE SERVICE QUALITY PERFORMANCE REPORTS § 234.11 Disclosure to consumers. Link to..., § 234.11 was revised, effective Apr. 29, 2010. For the convenience of the user, the revised text is set...

Using big data to understand consumer behaviour on ethical issues

OpenAIRE

Chintakayala, PK; Young, CW

2017-01-01

The Consumer Data Research Centre (CDRC) was established by the UK Economic and Social Research Council and launched its data services in 2015. The project is led by the University of Leeds and UCL, with partners at the Universities of Liverpool and Oxford. It is working with consumer-related organisations and businesses to open up their data resources to trusted researchers, enabling them to carry out important social and economic research.

Consumer Citizenship Curriculum Guides for Social Studies, English, Science, Mathematics.

Science.gov (United States)

MacKenzie, Louise; Smith, Alice

These four consumer citizenship curriculum guides for social studies, English, science, and mathematics incorporate consumer education into these subject matter areas in grades 8-12. Each guide is organized around 10 main component/goals. They are basic economics in the marketplace, credit, consumer law/protection, banking skills, comparison…

Economic Feasibility Analysis for Renewable Energy Project Using an Integrated TFN–AHP–DEA Approach on the Basis of Consumer Utility

Directory of Open Access Journals (Sweden)

Lu Gan

2017-12-01

Full Text Available A renewable energy (RE project has been brought into focus in recent years. Although there is quite a lot of research to assist investors in assessing the economic feasibility of the project, because of the lack of consideration of consumer utility, the existing approaches may still cause a biased result. In order to promote further development, this study focuses on the economic feasibility analysis of the RE project on the basis of consumer utility in the whole life cycle. Therefore, an integrated approach is proposed, which consists of triangular fuzzy numbers (TFNs, an analytic hierarchy process (AHP and data envelopment analysis (DEA. The first step is to determine the comprehensive cost index weights of DEA by TFN–AHP. Secondly, to solve the problem, the first DEA model, which is proposed by A. Charnes, W. W. Cooper and E. Rhodes (C2R, is established to calculate the DEA effectiveness. Then, the third task involves designing a computer-based intelligent interface (CBII to simplify realistic application and ensure performance efficiency. Finally, a solar water heater case study is demonstrated to validate the effectiveness of the entire method’s system. The study shows that this could make investors’ lives easier by using the CBII scientifically, reasonably and conveniently. Moreover, the research results could be easily extended to more complex real-world applications.

A Review of Economic Behaviour of Drug Consumers

Directory of Open Access Journals (Sweden)

Shahrzad Borumand

2003-11-01

Full Text Available Illicit drug problem is one of the most worrying issues of the presenet century in all countries and anti-drug addiction programs are included in the agenda of all governments and international community. Drug abuse/addiction in Iran has been one of the most important social and economical problems for several years and the number and percentage of drug users/addicts are growing. Campaign against this phenomenon needs in-depth recognition of all aspects (economic, social and political of this problem. So, such programs will be successful in fighting against illicit drugs and drug addiction if they are developed and implemented through a realistic recognition. One can not hope the success of anti-drug programs if they are not planned on the basis of researches. Therefore, reviewing the economical aspect of illicit drugs via usrers’ viewpoints will help to undrestand illicit drug addiction phenomenon. In this article, the behaviour of drug usres is studied on the basis of micro-economic traditional assumptions. The relation between deman and prices of illicit drugs, the relation between tendency to drug consumption and the amount of drug consumption and the relaion between drug consumption and criminal acts are among the discussed issues of this article. Finally, a summary of the situation of illicit drug consumption is presented.

Motherhood, Marketization, and Consumer Vulnerability

DEFF Research Database (Denmark)

Davies, Andrea; Prothero, Andrea; Sørensen, Elin

2010-01-01

This article explores consumer vulnerability and the role of public policy by focusing on new mothers. Developing the consumer vulnerability model of Baker, Gentry, and Rittenburg, the authors consider how medical contexts, political and legal factors, economic resources, societal prescriptions...... a time of physical and psychological changes in mothers-to-be. This article illustrates that the extended market logic dominating contemporary mothering environments both contributes to and has the potential to exacerbate new mothers’ vulnerability, raising important challenges for public policy, both...

Social Planning and Economic Coercion

OpenAIRE

Hintermann, Beat; Rutherford, Thomas F.

2014-01-01

We develop a theory of social planning with a concern for economic coercion, which we define as the difference between consumers’ actual utility, and the "counterfactual" utility they expect to obtain if they were able to set policy themselves. Reasons to limit economic coercion include protecting minorities, preventing disenfranchised groups from engaging in socially costly behavior, or political economy considerations. As long as consumers are fully rational, limiting coercion is equivale...

Consumer and producer environmental responsibility. Comparing two approaches

International Nuclear Information System (INIS)

Rodrigues, Joao; Domingos, Tiago

2008-01-01

Two different indicators of 'environmental responsibility' were independently proposed by Rodrigues et al. [Rodrigues, J., Domingos, T., Giljum, S., Schneider, F., 2006. Designing an indicator of environmental responsibility. Ecological Economics, 59 (3): 256-266.] and Lenzen et al. [Lenzen, M., Murray, J., Sack, F., Wiedmann, T., 2007. Shared producer and consumer responsibility - theory and practice. Ecological Economics, 61: 27-42.]. These indicators are both supposed to reflect the indirect effects of consumer and producer behavior in the generation of environmental pressure. In this paper we compare their mathematical properties and interpretation. We conclude that they have different implications for environmental policy. (author)

Merchandising's Evolving Role in Family and Consumer Sciences

Science.gov (United States)

Sullivan, Pauline; Collier, Billie J.; Goldsmith, Elizabeth B.

2011-01-01

Merchandising and consumer economics traditionally have been part of family and consumer sciences (FCS) within the ecosystems framework. The purpose of this article is to examine progress of this sub-system within FCS. Specifically, the authors explore the relevance of the systems approach for merchandising programs and conclude that this model is…

Consumer involvement profiles: An application of consumer involvement in mobile industry

Directory of Open Access Journals (Sweden)

Homa Rahbarian

2014-04-01

Full Text Available This paper investigates consumer involvement profile among people who intend to purchase mobile devises. The study considers the effects of various factors influencing on purchase intention including consumers’ personal characteristics such as age, gender, income as well as some external factors including advertisement. The study uses a questionnaire in Likert scale, originally developed by O’Cass (2000 [O’Cass, A. (2000. An assessment of consumers' product, purchase decision, advertising and consumption involvement in fashion clothing. Journal of Economic Psychology, 21, 545-576.]. The questionnaire has been distributed among 385 people, randomly who purchased mobile devices from a mall in city of Tehran, Iran. Using Pearson correlation test, the study has concluded that oral advertisement as well as consumer purchase involvement have positive and strong relationship with consumer’s purchase intention. In terms of age, people aged 20-30 maintained the highest purchase intention. In addition, in terms of gender, men had more purchase involvement than women did.

Optimal Consumer Electronics Product Take-Back Time with Consideration of Consumer Value

Directory of Open Access Journals (Sweden)

Yi-Tse Fang

2017-03-01

Full Text Available Rapid economic growth in recent years has transformed our lifestyle to massively produce, consume, and dispose of products, especially for consumer electronics. This change has put great threat to our environment and caused natural resource depletion. Moreover, short product life cycles and quick replacements of consumer electronics create enormous electronic wastes (e-wastes. Without proper waste management, immense environmental damage is expected. In this empirical study, we notice that lots of valuable materials that can still be recycled from these used consumer electronics are left unused at home instead of being recycled at the appropriate time, which causes a low collection rate and a decrease in residual value for the used products. Therefore, it is important for the government and the recyclers to handle them efficiently by increasing the used product take-back rate. Our study develops an assessment model for customer value based on the idea of value engineering and the perspective of product life cycle. We also explore the relationship between product value and the total cost of ownership with an evaluation of their time variation, considering different usage modes for various consumer groups and different recycling award schemes (fixed and variable recycling awards. Proper take-back management is likely to create a win-win situation both for consumers and environmental protection. This study regards the notebook computer as an example to determine the optimal time for recycling laptops based on usage patterns and provides consumers a reference for when to replace their used product. The results from our modeling firstly clearly indicate that consumers with higher frequency of usage have shorter take back times and higher maximum consumer value. Secondly, a variable recycling award scheme with higher maximum consumer value is more practical than a fixed recycling award scheme.

The behavioral economics of consumer brand choice: patterns of reinforcement and utility maximization.

Science.gov (United States)

Foxall, Gordon R; Oliveira-Castro, Jorge M; Schrezenmaier, Teresa C

2004-06-30

Purchasers of fast-moving consumer goods generally exhibit multi-brand choice, selecting apparently randomly among a small subset or "repertoire" of tried and trusted brands. Their behavior shows both matching and maximization, though it is not clear just what the majority of buyers are maximizing. Each brand attracts, however, a small percentage of consumers who are 100%-loyal to it during the period of observation. Some of these are exclusively buyers of premium-priced brands who are presumably maximizing informational reinforcement because their demand for the brand is relatively price-insensitive or inelastic. Others buy exclusively the cheapest brands available and can be assumed to maximize utilitarian reinforcement since their behavior is particularly price-sensitive or elastic. Between them are the majority of consumers whose multi-brand buying takes the form of selecting a mixture of economy -- and premium-priced brands. Based on the analysis of buying patterns of 80 consumers for 9 product categories, the paper examines the continuum of consumers so defined and seeks to relate their buying behavior to the question of how and what consumers maximize.

Model evaluation of agricultural consumer cooperatives

Directory of Open Access Journals (Sweden)

Ivanova Oksana Evgen'evna

2016-10-01

Subject of research - the system of organization and management and economic relations arising in the process of interaction between business entities. The object of research is the agricultural consumer cooperatives. In the course of the study were actively used different methods and techniques of economic and statistical analysis, with particular, such as the method of comparison, grouping method, the Delphi method, the methods and techniques of factor analysis, economic and statistical methods; techniques used medium, relative and average values ​​of continuous reception and sample surveys, was conducted as a detail, and data compilation.

USSR Report: Consumer Goods and Domestic Trade

National Research Council Canada - National Science Library

1985-01-01

.... This document contains articles on consumer goods and domestic trade issues within the USSR. Topics include: production, distribution, economics, housing and personal services, policies, personal income and savings.

Economic analysis

Energy Technology Data Exchange (ETDEWEB)

None

1980-06-01

The Energy Policy and Conservation Act (EPCA) mandated that minimum energy efficiency standards be established for classes of refrigerators and refrigerator-freezers, freezers, clothes dryers, water heaters, room air conditioners, home heating equipment, kitchen ranges and ovens, central air conditioners, and furnaces. EPCA requires that standards be designed to achieve the maximum improvement in energy efficiency that is technologically feasible and economically justified. Following the introductory chapter, Chapter Two describes the methodology used in the economic analysis and its relationship to legislative criteria for consumer product efficiency assessment; details how the CPES Value Model systematically compared and evaluated the economic impacts of regulation on the consumer, manufacturer and Nation. Chapter Three briefly displays the results of the analysis and lists the proposed performance standards by product class. Chapter Four describes the reasons for developing a baseline forecast, characterizes the baseline scenario from which regulatory impacts were calculated and summarizes the primary models, data sources and assumptions used in the baseline formulations. Chapter Five summarizes the methodology used to calculate regulatory impacts; describes the impacts of energy performance standards relative to the baseline discussed in Chapter Four. Also discussed are regional standards and other program alternatives to performance standards. Chapter Six describes the procedure for balancing consumer, manufacturer, and national impacts to select standard levels. Details of models and data bases used in the analysis are included in Appendices A through K.

Portrait of an Online Shopper: Understanding and Predicting Consumer Behavior

OpenAIRE

Kooti, Farshad; Lerman, Kristina; Aiello, Luca Maria; Grbovic, Mihajlo; Djuric, Nemanja; Radosavljevic, Vladan

2015-01-01

Consumer spending accounts for a large fraction of the US economic activity. Increasingly, consumer activity is moving to the web, where digital traces of shopping and purchases provide valuable data about consumer behavior. We analyze these data extracted from emails and combine them with demographic information to characterize, model, and predict consumer behavior. Breaking down purchasing by age and gender, we find that the amount of money spent on online purchases grows sharply with age, ...

Computational models of consumer confidence from large-scale online attention data: crowd-sourcing econometrics.

Science.gov (United States)

Dong, Xianlei; Bollen, Johan

2015-01-01

Economies are instances of complex socio-technical systems that are shaped by the interactions of large numbers of individuals. The individual behavior and decision-making of consumer agents is determined by complex psychological dynamics that include their own assessment of present and future economic conditions as well as those of others, potentially leading to feedback loops that affect the macroscopic state of the economic system. We propose that the large-scale interactions of a nation's citizens with its online resources can reveal the complex dynamics of their collective psychology, including their assessment of future system states. Here we introduce a behavioral index of Chinese Consumer Confidence (C3I) that computationally relates large-scale online search behavior recorded by Google Trends data to the macroscopic variable of consumer confidence. Our results indicate that such computational indices may reveal the components and complex dynamics of consumer psychology as a collective socio-economic phenomenon, potentially leading to improved and more refined economic forecasting.

Computational models of consumer confidence from large-scale online attention data: crowd-sourcing econometrics.

Directory of Open Access Journals (Sweden)

Xianlei Dong

Full Text Available Economies are instances of complex socio-technical systems that are shaped by the interactions of large numbers of individuals. The individual behavior and decision-making of consumer agents is determined by complex psychological dynamics that include their own assessment of present and future economic conditions as well as those of others, potentially leading to feedback loops that affect the macroscopic state of the economic system. We propose that the large-scale interactions of a nation's citizens with its online resources can reveal the complex dynamics of their collective psychology, including their assessment of future system states. Here we introduce a behavioral index of Chinese Consumer Confidence (C3I that computationally relates large-scale online search behavior recorded by Google Trends data to the macroscopic variable of consumer confidence. Our results indicate that such computational indices may reveal the components and complex dynamics of consumer psychology as a collective socio-economic phenomenon, potentially leading to improved and more refined economic forecasting.

Housing, Equipment, and Design Research and Scholarship: A Family and Consumer Sciences Perspective.

Science.gov (United States)

Beamish, Julia O.; Ahn, Mira; Seiling, Sharon

2001-01-01

Analysis of research on housing, equipment, and design (n=333) in the Journal of Home Economics/Journal of Family and Consumer Sciences (1985-2000), Home Economics Research Journal/Family and Consumer Sciences Research Journal (1985- 2000), and Housing and Society (1985-1999) found that articles declined by more than 50% and behavior theories were…

Economics: It's Your Business.

Science.gov (United States)

Billings, Henry

This document is a text for teaching economics. The book is divided into seven units. Unit 1 is called "What is Economics?" Its seven chapters discuss economics and scarcity, money, the role of the consumer, the role of the producer, capitalism and the free enterprise system, and the circular flow of the economy. The second unit is "How the United…

Techno-economic feasibility of hybrid diesel/PV/wind/battery electricity generation systems for non-residential large electricity consumers under southern Iran climate conditions

International Nuclear Information System (INIS)

Baneshi, Mehdi; Hadianfard, Farhad

2016-01-01

Highlights: • A hybrid electricity generation system for a large electricity consumer was studied. • The PV and wind electricity potentials under given climate conditions were evaluated. • Technical, economical, and environmental issues of different systems were discussed. • The optimum configuration of components was obtained. • The impacts of governmental incentives on economic viability of systems were examined. - Abstract: This paper aims to study the techno-economical parameters of a hybrid diesel/PV/wind/battery power generation system for a non-residential large electricity consumer in the south of Iran. As a case study, the feasibility of running a hybrid system to meet a non-residential community’s load demand of 9911 kWh daily average and 725 kW peak load demand was investigated. HOMER Pro software was used to model the operation of the system and to identify the appropriate configuration of it based on comparative technical, economical, and environmental analysis. Both stand alone and grid connected systems were modeled. The impacts of annual load growth and governmental energy policies such as providing low interest loan to renewable energy projects, carbon tax, and modifying the grid electricity price on viability of the system were discussed. Results show that for off-grid systems the cost of electricity (COE) and the renewable fraction of 9.3–12.6 ₵/kWh and 0–43.9%, respectively, are achieved with photovoltaic (PV) panel, wind turbine, and battery sizes of 0–1000 kW, 0–600 kW, and 1300 kWh, respectively. For on grid systems without battery storage the range of COE and renewable fraction are 5.7–8.4 ₵/kWh and 0–53%, respectively, for the same sizes of PV panel and wind turbine.

The Unfair Commercial Practices Directive and Vulnerable Consumers

DEFF Research Database (Denmark)

Trzaskowski, Jan

the economic behaviour of consumers ‘below 1 average’ even though the practice does not meet the requirements of professional diligence. The Directive’s adoption of the European Court of Justice’s ‘average consumer’ entails that protection is generally provided only for those who are far from vulnerable......Consumer protection is deeply anchored in EU law, including the Treaty and the Charter of Fundamental Rights. This article discusses the concept of consumer vulnerability and how vulnerable consumers are protected in the context of commercial practices which is fully harmonised by the Unfair....... The Directive’s Article 5(3) concerning vulnerable consumers protects only—and to a limited extent—groups who are vulnerable due to mental or physical infirmity, age or credulity. Even though consumers make many good choices, all consumers are vulnerable in certain situations—often due to time constraints...

The supply solutions for isolated rural consumers

International Nuclear Information System (INIS)

Hazi, Gheorghe; Solomon, Petre; Hazi, Aneta

2004-01-01

This paper establishes the supply optimal solutions for isolated rural consumers. A complex technical-economical calculation method is developed for selection of the best solutions. This analysis is based on the minimization of the net present value, NPV, criterion. Using the results of this calculation, one can select easily the supply solution for a given active power and for a given distance separating the power source and the isolated consumer. (authors)

CONSUMER BIOTECHNOLOGY FOOD AND NUTRITION INFORMATION SOURCES: THE TRUST FACTOR

OpenAIRE

Ekanem, Enefiok P.; Muhammad, Safdar; Tegegne, Fisseha; Singh, Surendra P.

2004-01-01

Although much has been written on consumer attitudes toward genetically modified foods, not much is known about how or where consumers get the information for the decisions they make about genetically modified foods. This paper reports on the media used by consumers in acquiring information about biotech food and nutrition issues, and examines how much trust consumers put in selected information sources. The paper also discusses how socio-economic variables affect level of trust in selected s...

Pricing Policy and Strategies for Consumer High-Tech Products

Directory of Open Access Journals (Sweden)

Dovleac, L.

2014-06-01

Full Text Available This paper highlights the complex process of price setting for consumer high-tech products. These prices are highly influenced by some external factors from the economic and social environment. The main objective of this paper is to establish the most effective pricing policies and strategies used by high-tech companies of various sizes. Decisions about price fixing for consumer high-technology products are largely influenced by consumer behaviour, too.

Efficient Use of Behavioral Tools to Reduce Electricity Demand of Domestic Consumers

Directory of Open Access Journals (Sweden)

Elbaz Shimon

2016-12-01

Full Text Available Purpose: The present study investigated the main literature on the subject of methods and policies for reducing the electricity demand of domestic consumers, in order to identify the place of behavioral tools. Methodology: We used secondary sources, performing a literature review, together with analysis and synthesis. Findings: Policy makers prefer to use tools offered by neoclassical economics, such as various forms of taxation, fines and financial incentives in order to make domestic electricity consumers save electricity, on the assumption that consumers will make rational decisions while maximizing their personal benefit. However, studies conducted in recent years in the field of behavioral economics, which are based on the assumption that consumers’ decisions are not rational and are affected by cognitive biases, showed that the use of behavioral tools, such as detailed online information (feedback,social comparison information, information on varying rates (dynamic pricing and general information (advertising campaign, are tools that are not less appropriate than the ones the neoclassical economics offers, mainly because electricity is an invisible product and consumers are unable to assess it by normal cognitive measures. Using an interdisciplinary combination of behavioral tools that come from a variety of approaches taken from a wide variety of different academic fields, it is possible to receive efficient results in the endeavor of reducing electricity demand. Implications: Although the neoclassical economics still remains the fundamental theory used by policymakers, it is recommended to consider behavioral economics as a complementary approach to the neoclassical economics, and combine behavioral tools in the policymakers’ toolbox, especially when those tools do not require a significant financial investment, thus efficiently maximizing the reduction of electricity demand among domestic consumers. These theoretical results will be

Understanding Consumer Buying Behavior in Africa

DEFF Research Database (Denmark)

Kuada, John Ernest; Bujac, Andreea Ioana

2017-01-01

Recent economic growth trends in Africa have raised awareness among businesses about the attractiveness of its market potential. There is therefore an increasing academic interest in understanding the attitudes, preferences and behavior of African consumers. This chapter reviews some...

Consumer brand choice: individual and group analyses of demand elasticity.

Science.gov (United States)

Oliveira-Castro, Jorge M; Foxall, Gordon R; Schrezenmaier, Teresa C

2006-03-01

Following the behavior-analytic tradition of analyzing individual behavior, the present research investigated demand elasticity of individual consumers purchasing supermarket products, and compared individual and group analyses of elasticity. Panel data from 80 UK consumers purchasing 9 product categories (i.e., baked beans, biscuits, breakfast cereals, butter, cheese, fruit juice, instant coffee, margarine and tea) during a 16-week period were used. Elasticity coefficients were calculated for individual consumers with data from all or only 1 product category (intra-consumer elasticities), and for each product category using all data points from all consumers (overall product elasticity) or 1 average data point per consumer (interconsumer elasticity). In addition to this, split-sample elasticity coefficients were obtained for each individual with data from all product categories purchased during weeks 1 to 8 and 9 to 16. The results suggest that: 1) demand elasticity coefficients calculated for individual consumers purchasing supermarket food products are compatible with predictions from economic theory and behavioral economics; 2) overall product elasticities, typically employed in marketing and econometric research, include effects of interconsumer and intraconsumer elasticities; 3) when comparing demand elasticities of different product categories, group and individual analyses yield similar trends; and 4) individual differences in demand elasticity are relatively consistent across time, but do not seem to be consistent across products. These results demonstrate the theoretical, methodological, and managerial relevance of investigating the behavior of individual consumers.

Segmentation: Identification of consumer segments

DEFF Research Database (Denmark)

Høg, Esben

2005-01-01

It is very common to categorise people, especially in the advertising business. Also traditional marketing theory has taken in consumer segments as a favorite topic. Segmentation is closely related to the broader concept of classification. From a historical point of view, classification has its...... origin in other sciences as for example biology, anthropology etc. From an economic point of view, it is called segmentation when specific scientific techniques are used to classify consumers to different characteristic groupings. What is the purpose of segmentation? For example, to be able to obtain...... a basic understanding of grouping people. Advertising agencies may use segmentation totarget advertisements, while food companies may usesegmentation to develop products to various groups of consumers. MAPP has for example investigated the positioning of fish in relation to other food products...

Development of anti-counterfeit consumer product authentication system

Directory of Open Access Journals (Sweden)

Olena V. Narimanova

2015-06-01

Full Text Available Aim of the research is to develop an anti-counterfeit consumer product authentication system. The main requirements for this system are formulated, the choice of method of consumer product authentication is substantiated. The scheme of anti-counterfeit consumer product authentication system is developed basing on previously proposed method of checking the QR-code integrity and authenticity. The proposed within the system consumer product authentication technology is simple, economical for implementation, does not require the external changes of product packaging, does not affect existing production process. The technology can be recommended for the use to private businesses and government institutions that are interested in the security of their products from counterfeiting, as well as tracking and removing from circulation the counterfeit consumer products.

Modeling Business Strategy: A Consumer Value Perspective

OpenAIRE

Svee , Eric-Oluf; Giannoulis , Constantinos; Zdravkovic , Jelena

2011-01-01

Part 3: Business Modeling; International audience; Business strategy lays out the plan of an enterprise to achieve its vision by providing value to its customers. Typically, business strategy focuses on economic value and its relevant exchanges with customers and does not directly address consumer values. However, consumer values drive customers’ choices and decisions to use a product or service, and therefore should have a direct impact on business strategy. This paper explores whether and h...

Consumer socialization of children in modern family

Directory of Open Access Journals (Sweden)

Kovač-Žnideršić Ružica

2016-01-01

Full Text Available The research presented in this paper is based on the behavior of a specific segment of consumers - specific for its psychological as well as economic characteristics - segment of kids (children as consumers. Therefore, the kids as consumers and their influence in family decision making process, in the framework of modern ('new' families, are the subject of this research. The aim of the paper is analyising the importance of family as the main driving force of consumer socialization of children in which kids achieve more significant and active participation in making purchasing decisions. Results of empirical research, presented in this paper, are in line with the findings of foreign authors with regards to influence of children in family decision making.

Economizing behaviour during travel: strategies and information sources used

NARCIS (Netherlands)

Bronner, F.; de Hoog, R.

2011-01-01

In 2009, the consumer was hit hard by the consequences of the global economic and financial crisis. The crisis affected consumer spending in general and tourism in particular. In 2009, data was collected in the Netherlands about how people economize during travel, which can help to find out what

Food quality and safety: Consumer perception and demand

DEFF Research Database (Denmark)

Grunert, Klaus G.

2005-01-01

choice and consumer demand, addressing questions of price perception and the validity of willingness-to-pay measurements. It is concluded that food quality and safety are central issues in today's food economics, though many research questions remain to be addressed. Udgivelsesdato: SEP 1......Research on consumer quality perception is reviewed using the Total Food Quality Model as a structuring device. The relationship between food safety and quality is addressed, and is discussed in the context of research on consumer risk perception. Quality and safety perception is linked to food...

Food quality and safety: Consumer perception and demand

DEFF Research Database (Denmark)

Grunert, Klaus G.

2005-01-01

Research on consumer quality perception is reviewed using the Total Food Quality Model as a structuring device. The relationship between food safety and quality is addressed, and is discussed in the context of research on consumer risk perception. Quality and safety perception is linked to food...... choice and consumer demand, addressing questions of price perception and the validity of willingness-to-pay measurements. It is concluded that food quality and safety are central issues in today's food economics, though many research questions remain to be addressed. Udgivelsesdato: SEP 1...

Current Trends in providing the Toys Security and Consumer Protection

Directory of Open Access Journals (Sweden)

Luiela Magdalena Csorba

2014-01-01

Full Text Available The goods and services market is not in equilibrium. This affects continuously the consumers under multiple aspects: economic, educational, health insurance and security, and so on. Not even the toys market outlets or the toys trading market aren’t trouble free. Because publications in the toys consumer protection field are seldom (legislation is the starting point in analyzing this area, the checks carried out at national level which showed the marketed toys insecurity and the abuses of the economic agents in this sector determined us to analyze the degree in which people knows the toy-related injuries and the danger to which they expose their own children when purchasing dangerous toys. That’s why a quantitative research was conducted, using the method of questionnaire, distributed through the Romanian consumers, with the aim to check the empirically awareness and the seriousness with which they relate the risks concerning the toys consume.

Factors of influence and changes in the tourism consumer behaviour

Directory of Open Access Journals (Sweden)

Fratu, D.

2011-01-01

Full Text Available Consumer behaviour is a very important aspect to be studied in every marketing activity, therefore in tourism marketing as well. Defining and identifying the factors that influence consumers help in understanding individual needs and buying processes in their whole complexity. Consumers have changed their behaviour over the last two years due to the instability of the economic environment. The author describes in this article the factors which influence consumer behaviour and also presents how it has changed over the past two years.

CLUSTERING OF THE COUNTRIES ACCORDING TO CONSUMER CONFIDENCE INDEX AND EVALUATING WITH HUMAN DEVELOPMENT INDEX

Directory of Open Access Journals (Sweden)

Seda BAĞDATLI KALKAN

2018-01-01

Full Text Available Consumer confidence index is a national indicator that suggest about current and future expectations of the economic conditions. With consumer confidence index, it is aimed to determine the trends and expectations of consumers according to their general economic situation, employment opportunities, their financial situations and developments in the markets. Another parameter is also the Human Development Index (HDI. This index is an indicator that examines the development of countries both economically and socially. Countries are sorted by these two indices and are considered as basic parameters in international platforms. The purpose of this study is to group the selected countries according to the consumer confidence index and reveal the features of the groups and then determine the position of the grouped countries with the Human Development Index. According to the results of cluster analysis, it is shown that India, China, Sweden and USA have the highest total consumer confidence index, employment, expectation and investment index

Consumer boycott, household heterogeneity and child labour

OpenAIRE

Di Maio, Michele; Fabbri, Giorgio

2010-01-01

Consumer boycott campaigns against goods produced using child labour are becoming increasingly popular. Notwithstanding, there is no consensus on which are the effects of such type of activism on child labour. If some agreement is to be found in the recent economic literature, it is that the boycott does not reduce child labour. We contribute to this debate presenting a simple model which shows, instead, that there are conditions under which a consumer product boycott does reduce child labour...

Aspects regarding the analysis of the rationality of the buying decision of the Romanian consumer

Directory of Open Access Journals (Sweden)

Corina PELĂU

2012-12-01

Full Text Available One of the biggest challenges of economic theory is to determine the effectiveness and efficiency of economic activities and processes. In terms of consumer behavior this can be defined by the rationality of the buying decision. In this article there are presented several theories that have defined over time and still influence the rationality of the consumer. There are also presented the results of a research which aims to analyze the rationality of the consumer. In particular there are analyzed the relations between different quantitative aspects of the buying decision and the impulsive buying reactions of the consumer.

Tariffing of energy measured consumers in the distribution network

International Nuclear Information System (INIS)

2006-01-01

Criteria for socio-economic effective tariffing of energy-measured clients in the distribution network are discussed (i.e. households, leisure homes and smaller business clients), this means consumers that do not have hourly measurements or effect measurements. The tariffs should be based on variable segments that reflect short-term marginal costs in the network (in practice loss of transfer) and fixed segments that to the least extent possible influence the consumers' decisions in the choice of energy solutions, both in short term and long term. High-priced energy segments and effect based fixed segments may give unfortunate socio-economic price signals compared to the marginal long-term network costs. A fixed segment per measurement unit is in principle completely neutral, but it is to some extent vulnerable to strategic adjustments if the consumers choose collective measurement. This is not necessarily a big problem in practice (author)

Managing Behaviour of Retail Trade Consumers

Directory of Open Access Journals (Sweden)

Budnik Maryna M.

2014-03-01

Full Text Available The article is devoted to the problem of management of behaviour of retail trade consumers. It shows importance of this topic at the stage of market changes in economic and social spheres. Generalising theoretical provisions about models of consumer behaviour, the article marks out three main groups of factors that influence them: external, internal and situational. The authors offer to allocate sensor forms of communications into a separate group of factors due to a distinctive property of their impact – orientation at subconsciousness of consumers. The article analyses a psychological process of making a decision on purchase of a commodity and draws a conclusion about necessity of exerting subconsciousness influence upon consumer behaviour using the modern marketing instruments. It develops an improved model of consumer behaviour, which takes into account innovation means of impact on the buyer. The prospect of further development of this direction in science is creation of theoretical methods of managing consumer behaviour on the basis of co-operation of specialists in the field of economy, management, marketing, sociology and psychology, which would be applied in practice of management of trade enterprises.

Nakupno vedenje slovenskih porabnikov: vloga nacionalne identitete = Consumer Buying Behavior

Directory of Open Access Journals (Sweden)

Irena Vida

2006-06-01

Full Text Available The study examines the phenomenon of national identity and economic ethnocentrism in consumer buying behavior. Analysis of data collected from a representative sample of adult Slovenian consumers reveals only moderately expressed ethnocentric tendencies. Similar moderation was revealed in the preferences of Slovenian consumers for patriotic purchasing behavior, whereby the domestic origin of products was more important in the case of nondurable goods and services than in the case of durable goods. Consumers evaluated various characteristics of products made in the EU more favorably relative to those made in Slovenia.

Small Wind Electric Systems: A Virginia Consumer's Guide

Energy Technology Data Exchange (ETDEWEB)

2003-06-01

The purpose of the Small Wind Electric Systems Consumer's: A Virginia Consumer's Guide is to provide consumers with enough information to help them determine if a small wind electric system will work for them based on their wind resource, the type and size of their sites, and their economics. The cover of this guide contains a Virginia wind resource map and information about state incentives and contacts for more information.

Boycott or buycott?: Internal politics and consumer choices

OpenAIRE

Xavier Cuadras Morató; Josep M. Raya

2014-01-01

Do political tensions affect economic relations? In particular, does politics significantly affect consumer choices? Firms are often threatened by consumer boycotts that pretend to modify their business strategies and behavior. Sometimes these are caused by general political conflicts. The main objective of the paper is to study the consequences of political conflicts between Spain and Catalonia (a region of Spain) and the subsequent boycott calls on sales of Catalan sparkling ...

THE IMPORTANCE OF CORPORATE SOCIAL RESPONSIBILITY ON CONSUMER BEHAVIOUR IN MALAYSIA

Directory of Open Access Journals (Sweden)

Rahizah Abd Rahim

2011-01-01

Full Text Available Malaysian consumers should be more aware that, in pursuing their business objectives, corporations now bear more responsibility towards society and the environment. The awareness level has increased through better education and the increased influence of the media. Corporations also now believe that, to a certain extent, the degree of their involvement in corporate social responsibility (CSR does have certain effect on consumers' buying behaviour. This paper aims to examine the influence of CSR on the buying behaviour of Malaysian consumers and whether they consider a corporation's CSR initiatives before making any purchase decisions of the products and services. The definition of CSR was adopted from Carroll's definition, which included economic, legal, ethical and philanthropic responsibilities. A total of 220 structured questions were distributed, with 193 returned for analysis. The results showed significant positive relationships between all of the variables used in measuring CSR and consumers' buying behaviour. Malaysian consumers' priority, however, seemed to be different from Carroll's pyramid, where, although economic responsibility remained the utmost priority, philanthropy stood second, followed by ethical and legal responsibility.

Food-related lifestyle and health attitudes of Dutch vegetarians, non-vegetarian consumers of meat substitutes, and meat consumers.

Science.gov (United States)

Hoek, Annet C; Luning, Pieternel A; Stafleu, Annette; de Graaf, Cees

2004-06-01

The aim was to investigate socio-demographic characteristics, and attitudes to food and health of vegetarians, non-vegetarian consumers of meat substitutes, and meat consumers in The Netherlands. The sample used for this study (participants > or =18 years) was taken from the Dutch National Food Consumption Survey, 1997/1998. Vegetarians (n = 63) and consumers of meat substitutes (n = 39) had similar socio-demographic profiles: higher education levels, higher social economic status, smaller households, and more urbanised residential areas, compared to meat consumers (n = 4313). Attitudes to food were assessed by the food-related lifestyle instrument. We found that vegetarians (n = 32) had more positive attitudes towards importance of product information, speciality shops, health, novelty, ecological products, social event, and social relationships than meat consumers (n = 1638). The health consciousness scale, which was used to assess attitudes to health, supported earlier findings that vegetarians are more occupied by health. Food-related lifestyle and health attitudes of meat substitute consumers (n = 17) were predominantly in-between those from vegetarians and meat consumers. The outcome of this study suggests that in strategies to promote meat substitutes for non-vegetarian consumers, the focus should not only be on health and ecological aspects of foods.

Attitudes of Turkish Consumers toward Foreign Products in Political Crises Period

Directory of Open Access Journals (Sweden)

Durmus YÖRÜK

2016-04-01

Full Text Available This study aims to understand the attitudes of Turkish consumers toward foreign products in diplomatic crisis period. With this aim, at first, demographic characteristics of the consumers identified and then the relationship between independent variables which are consumer ethnocentrism and consumer animosity, and dependent variable which is willingness to buy foreign products is determined. In addition, the effect of product judgment as a moderator on the relationship between willingness to buy foreign products and consumer ethnocentrism and animosity is explored. Convenience sampling method was used in the study. Data was collected from students in Faculty of Economics and Administrative Sciences of Afyon Kocatepe University as based on voluntary basis. The data were collected between 20.10.2015 and 02.11.2015 and within this time period, it was reached to 418 students, totally. Thus, these 418 students in Faculty of Economics and Administrative Sciences became the sample of the research. Research findings show, different from the many researches in the literature, that consumer ethnocentrism, and consumer animosity do not negatively affect the willingness to buy foreign products even in a case when Turkey has a diplomatic problem with some countries. So the previous findings about the consumer ethnocentrism and the consumer animosity are challenged with the findings of this study within Turkey context. In this sense, this study contributes to the literature scholarly, by offering new findings about the existing constructs within different country context.

What are the economic and social effects from the electric power beneficiary price of the largest consumers

International Nuclear Information System (INIS)

Bogov, Dimitar

2003-01-01

In the last few years the two largest consumers of electricity 'Feni' and 'Jugohrom', were sold to the foreign strategic investor. The key issue in the negotiations with the investor was the price of electricity for these companies. The final outcome is known, they got beneficiary price. Now two questions emerge: (1) what is the exact size of the under pricing? (2) what are the economic and social effects of their activity and whether the social gain for the country is higher than the loss for the country from the under pricing of electricity. The paper is trying to give an answer on the second question. Therewith, the analyze is focused on two issues: (1) how much is the contribution of these two companies on production, export and economic growth of the Republic of Macedonia; (2) what is their impact on the living standard and social costs. Macedonian industry has very unfavorable structure with only a few export products. Restructuring of industry and widening of the array of products is a slow process. Until new products and new industries are developed, the only generator of larger export and higher economic growth is the increase of the export of existing products. 'Feni industry' and 'Silmak' are some of rare Macedonian companies that have foreign strategic investor who provide stable and unlimited market (having in mind that Macedonian production is relatively small compared to the world demand for nickel and ferro silicium). Thus, the growth of export of metals produced by 'Feni industry' and 'Silmak' could be the principal generators of the growth of Macedonian economy in the period of restructuring of the industry and development of new competitive products. (Original)

On the Demand for Consumer Credit: an Islamic Setting (Research Paper)

OpenAIRE

Bendjilali, Boualem

1995-01-01

The study discusses the economic implication of the main axioms that govern the consumer credit in an Islamic framework. It derives the demand function for consumer credit, using the Murabaha modes. A simple econometric model is built to estimate the demand for credit in an Islamic setting.

The impact of ethnocentrism on Serbian consumers

Directory of Open Access Journals (Sweden)

Veljković Saša

2009-01-01

Full Text Available The purpose of this paper is to examine the impact of consumer ethnocentrism on the intention to buy local products by Serbian consumers. Modern business trends and market changes are followed by new trends in consumer behaviour. Many changes in all segments of economy and society occurred in last few years in Republic of Serbia. Changes were especially influenced by: strong foreign competition, transition, change in values, economy and society liberalization, local culture, and as well by globalization and all other kinds of socio­economic and psychological factors. The globalization of markets presents considerable challenges and opportunities for domestic and international marketers. All these have been influencing on people differentiation concerning ethnocentrism.

Behaviour of Millenial wine consumers in southern Serbia

OpenAIRE

Radovanović Vladimir; Petrović Jelena; Radovanović Blaga

2017-01-01

Consumer behaviour when purchasing wine is the result of a complementary operation of the large number of different factors, which may include economic, geographic, social, psychological, and other. Discovering consumer preferences for wine and their buying behavior would allow the application of an appropriate marketing strategy to increase the sales of wine. Special attention was given to one of the most promising new demographic segments that likes to buy – Millennial generation. The main ...

Individual Differences in Consumer Buying Patterns: A Behavioral Economic Analysis

Science.gov (United States)

Cavalcanti, Paulo R.; Oliveira-Castro, Jorge M.; Foxall, Gordon R.

2013-01-01

Although previous studies have identified several regularities in buying behavior, no integrated view of individual differences related to such patterns has been yet proposed. The present research examined individual differences in patterns of buying behavior of fast-moving consumer goods, using panel data with information concerning purchases of…

A predictive model for e-commerce consumer expenditure in EC countries

OpenAIRE

Kovačić, Zlatko

2004-01-01

Describing and predicting consumer expenditure on a country or cross-national level has a long tradition in theoretical and applied economics and econometrics. This paper is a first attempt in describing aggregate eCommerce consumer expenditure among European Commission (EC) countries. After brief introduction of possible theoretical models which explain the variation in eCommerce consumer expenditure among observed countries, a list of important predictors has been discussed. The results gen...

Sizewell: good value for consumers' money

International Nuclear Information System (INIS)

MacKerron, G.

1984-01-01

For consumers, the overriding issues in electricity policy are always likely to be those which affect prices, both in the near future and over the longer term. It is therefore the 'need and economics' part of the overall case for Sizewell that consumers' representatives chose to scrutinize. This paper argues that there are no compelling short-term reasons to start construction of Sizewell at the earliest possible time. Further, long-term considerations suggest that there are good reasons not to make an early commitment to the Westinghouse four-loop design of PWR, either for Sizewell or for subsequent orders. (author)

Mitigating randomness of consumer preferences under certain conditional choices

Science.gov (United States)

Bothos, John M. A.; Thanos, Konstantinos-Georgios; Papadopoulou, Eirini; Daveas, Stelios; Thomopoulos, Stelios C. A.

2017-05-01

Agent-based crowd behaviour consists a significant field of research that has drawn a lot of attention in recent years. Agent-based crowd simulation techniques have been used excessively to forecast the behaviour of larger or smaller crowds in terms of certain given conditions influenced by specific cognition models and behavioural rules and norms, imposed from the beginning. Our research employs conditional event algebra, statistical methodology and agent-based crowd simulation techniques in developing a behavioural econometric model about the selection of certain economic behaviour by a consumer that faces a spectre of potential choices when moving and acting in a multiplex mall. More specifically we try to analyse the influence of demographic, economic, social and cultural factors on the economic behaviour of a certain individual and then we try to link its behaviour with the general behaviour of the crowds of consumers in multiplex malls using agent-based crowd simulation techniques. We then run our model using Generalized Least Squares and Maximum Likelihood methods to come up with the most probable forecast estimations, regarding the agent's behaviour. Our model is indicative about the formation of consumers' spectre of choices in multiplex malls under the condition of predefined preferences and can be used as a guide for further research in this area.

Socio-Economic Characteristics Of Snail Farmers, Consumers And ...

African Journals Online (AJOL)

The socio-economic characteristic of snail farmers in Oyo State Agricultural Development Programme (ADP) was evaluated in two out of the four zones that were available. The two zones selected were Ibadan/Ibarapa and Oyo zones, to determine the factors related to snail production, consumption and marketing in the ...

Marketing and Advertising: Procter & Gamble Insights into Economics.

Science.gov (United States)

Reinke, Robert; And Others

Featuring real-life examples that show economic principles at work, this document contains teaching units which are designed to supplement basic economics and consumer education textbooks in social studies, home economics, and business education classes. Written for grades 9-12, and adaptable for grades 7-8, the materials bring economic principles…

Index to Research in Home Economics: 1972-1986.

Science.gov (United States)

Fetterman, Nelma I.; Lefebvre, Verna M.

This index lists 945 research articles from 4 English-language journals in the field of home economics: the "Canadian Home Economics Journal," volumes 23-30; the "Home Economics Research Journal" (United States), volumes 1-14; the "Journal of Consumer Studies and Home Economics" (United Kingdom), volumes 1-10; and the…

The retail market for electric power. Competition and consumer analysis; Denmark; Detailmarkedet for elektricitet. Konkurrence- og forbrugeranalyse

Energy Technology Data Exchange (ETDEWEB)

2011-12-15

The Danish Competition and Consumer Authority has examined the market for electricity to consumers. It is a market that has great importance for the Danish consumers, and it is a market where competition could make a difference for consumers, businesses and the settlement of the Danish climate objectives. An average Danish household spends over DKK 7,000 a year on electricity. Average household expenditures for electricity will probably increase with the electric cars and electric-powered heat pumps will constitute a larger share of the Danish electricity consumption in the future. Simultaneously, the electricity market is difficult to understand for consumers, and there is generally a weak market competition. The analyses in this report show that there is a large untapped potential for economic gains through innovation, increased competition and a more efficient use of resources in the electricity sector. A realization of the potential for economic gains can be beneficial to consumers, businesses and environment. If the potential for economic gains is to be realized, it is necessary to change the regulation of the market. (LN)

Fourth-quarter Economic Growth and Time-varying Expected Returns

DEFF Research Database (Denmark)

Møller, Stig V.; Rangvid, Jesper

not predict returns. Fourth-quarter economic growth rates contain considerably more information about expected returns than standard variables used in the literature, are robust to the choice of macro variable, and work in-sample, out-of-sample, and in subsamples. To help explain these results, we show...... that economic growth and growth in consumer confidence are correlated during the fourth quarter, but not during the other quarters: When economic growth is low during the fourth quarter, confidence in the economy is also low such that investors require higher future returns. We discuss rational and behavioral...... reasons why fourth-quarter economic growth, growth in consumer confidence, and expected returns are related....

Under consumers' scrutiny - an investigation into consumers' attitudes and concerns about nudging in the realm of health behavior.

Science.gov (United States)

Junghans, Astrid F; Cheung, Tracy T L; De Ridder, Denise D T

2015-04-09

Nudging strategies have recently attracted attention from scholars and policy makers for their potential in influencing people's behaviors on large scales. But is the fact that nudges do not forbid any choice-options or significantly alter people's economic incentives sufficient to conclude that nudges should be implemented? While this is discussed amongst scholars from various disciplines the voices of consumers, the target-group of nudges, remain unheard. Since understanding their knowledge about nudging and their opinions on being nudged are crucial for the evaluation of the moral appropriateness of nudging, the current study examines consumers' knowledge of and attitudes toward nudging in general and the realm of health behavior. In this qualitative investigation in-depth semi-structured interviews with UK consumers were conducted to examine consumers' attitudes to four domains of inquiry around which the scholarly discussions about nudging have revolved: consumers' approval of nudging, consumers' views on the origin of nudges, consumers' perceived effectiveness of nudging, and consumers' concerns about manipulative aspects of nudging. Interviews revealed that consumers are largely unfamiliar with the concept of nudging altogether. Once defined and explained to them most consumers approve of the concept, especially in the realm of health behavior, given particular conditions: 1. Nudges should be designed for benefiting individuals and society; 2. consumers comprehend the decision-making context and the reasoning behind the promotion of the targeted behavior. Interviews revealed very limited concerns with manipulative aspects of nudges. These findings call for better information-management to ensure consumers knowledge of nudges and awareness of their current implementation. Under that condition the findings encourage the implementation of nudges benefitting individuals and society in domains that consumers comprehend, such as health behaviors. Further research

ENGAGEMENT AS A SOURCE OF POSITIVE CONSUMER ...

African Journals Online (AJOL)

Ederick Stander

The results strengthen the theory of fan engagement, which flows from customer ... proposed. Key words: Fan engagement; Customer engagement theory; Consumer behaviour; ... of football in SA is evolving unremittingly, despite challenging economic .... The engaged fan will more likely attend games at the stadium, as this.

The Economics of Educational Software Portability.

Science.gov (United States)

Oliveira, Joao Batista Araujo e

1990-01-01

Discusses economic issues that affect the portability of educational software. Topics discussed include economic reasons for portability, including cost effectiveness; the nature and behavior of educational computer software markets; the role of producers, buyers, and consumers; potential effects of government policies; computer piracy; and…

Energy economics; Economie de l'energie

Energy Technology Data Exchange (ETDEWEB)

Babusiaux, D. [Institut Francais du Petrole (IFP), 92 - Rueil-Malmaison (France)

2005-07-01

The energy demand is strongly conditioned by the consuming equipments. Depending on the uses, some energy sources can be substituted, while for some others the choice is limited or impossible. The energy offer comes mainly from non-renewable resources, and taking into consideration the geographical localization of these resources, economics are geopolitics are indissociable despite the development of markets. Necessary for the economic development, energy cannot be consumed without impact on the environment, which raises some worrying questions, like the one of global warming. (J.S.)

Three empirical essays in energy economics

Science.gov (United States)

Pless, Jacquelyn Ryan

This dissertation explores society's relationship with energy systems. Focusing on two areas of energy economics---electricity reliability and clean energy technology adoption---my objective is to provide insights on energy markets that can contribute towards informing energy policy and improving quality of life. In the first chapter, I examine how firm-level corruption on the demand side of the electricity sector impacts electricity reliability in developing countries. Showing that bribes for electricity connections are closely related to power outages experienced by firms, this chapter demonstrates how consumer-level corrupt behavior negatively impacts electricity service provision. In the second chapter, I study homeowners' stated information searching about solar photovoltaic (PV) adoption in California's residential market. Exploring differences between the types of information sought by consumers adopting solar through third-party ownership (TPO) relative to consumers who purchase solar systems outright (host-ownership (HO)), this chapter sheds light on differences between business model consumer preferences in the residential solar PV market. Lastly, in the third chapter I estimate solar subsidy pass-through to the prices faced by consumers in California's residential solar PV market and ask whether incidence differs for TPO consumers where subsidies are directed to the third party owner of the system (or the "seller") and HO consumers where subsidies go directly to the consumer (or the "buyer"). I find that TPO consumers capture more than 100 percent of every dollar of solar subsidy while HO consumers capture less than 100 percent of every dollar. This is surprising because standard economic theory predicts that the relative benefit of a subsidy does not depend on to whom it is directed.

Rethinking European Competition Law : From a consumer welfare to a capability approach

NARCIS (Netherlands)

Claassen, Rutger; Gerbrandy, Anna

2016-01-01

European competition law is predominantly focused on maximizing consumer welfare. This overarching purpose (which is supported by economic theory) leaves little place for safeguarding non-economic values, such as sustainability. This makes it difficult to allow cooperation between companies to

Rethinking European Competition Law: from a consumer welfare to a capability approach

NARCIS (Netherlands)

Claassen, Rutger; Gerbrandy, Anna

European competition law is predominantly focused on maximizing consumer welfare. This overarching purpose (which is supported by economic theory) leaves little place for safeguarding non-economic values, such as sustainability. This makes it difficult to allow cooperation between companies which

Simple market equilibria with rationally inattentive consumers

Czech Academy of Sciences Publication Activity Database

Matějka, Filip; McKay, A.

2012-01-01

Roč. 102, č. 3 (2012), s. 24-29 ISSN 0002-8282 R&D Projects: GA ČR(CZ) GPP402/11/P236 Institutional support: RVO:67985998 Keywords : rational choice theory * bounded rationality * consumer research Subject RIV: AH - Economics Impact factor: 2.792, year: 2012

Your Credit Rights: An Instructional Unit on Consumer Credit Protection. Revised.

Science.gov (United States)

Jensen, Barbara J.; And Others

This instructional guide adds two new sections to the original guide published in May 1982. The guide was designed to assist educators in teaching the topics of consumer credit and consumer credit protection to secondary and postsecondary students in various economics and business courses, as well as in adult and community education courses. The…

Emotions and Consumer Behavior

OpenAIRE

Andrade, Eduardo; Gururangan, Kapil; Iantorno, Stefano; Feng, Harvey; Cherone, Jennifer; Sawant, Manali; Neogi, Sushrita; Bhat, Prashant; Lukus, Alan

2012-01-01

Professor Eduardo Andrade received his Ph.D. in Marketing from the University of Florida in 2004 before coming to theHaas School of Business. He studies the impact of emotions on consumer decision making. One of his studies publishedin 2009 shifted the concept of emotions from transient effects to long-term processes and his recent work is movinginto the burgeoning field of decision neuroscience, which uses neuroscience tools to study economic decision-making.When Berkeley Scientific Journal ...

Education and Training Needs in the Field of Consumer Protection in the Lower Danube Region

Directory of Open Access Journals (Sweden)

Vasile Dinu

2010-11-01

Full Text Available The issues of consumer rights and consumer welfare are increasingly important, especially in the current economic climate in which the ability to make informed choices represents a real advantage in consumers’ daily life. In order to make their purchases with confidence, both in their country and abroad, consumers need easy access to precise information and to professional advice. Taking into account the fact that education and training are a strategic factor for a sustainable development through contribution to human capital development, within the Romania–Bulgaria Cross-Border Cooperation Program 2007–2013, the Academy of Economic Studies in Bucharest, Romania and the D. Tsenov Academy of Economics in Svisthov, Bulgaria decided to collaborate in the field “Cooperation on human resources development – joint development of skills and knowledge”, through the development of cross-border liaisons and exchanges between the two universities. Our objective is to bring up new methods of training in the field of consumer protection in order to train and to supply the labour market with specialized experts in this field in charge with various issues regarding consumers in enterprises, in organizations in charge with elaborating consumer protection policies and in organizations in charge with market supervision and control and also in consumers’ associations. We consider that in this way we meet both consumers’ and employers’ needs because economic agents need professionals in the field as well, in order to advise them in their quest to protect the rights and interests of consumers. Also, Meglena Kuneva, the European Commissioner for Consumer Protection, noted that studies conducted at European level revealed that there is a high level of interest for recruiting qualified experts in the field of consumer protection shown by large companies, national governments, small and medium enterprises and consumers’ associations. In order to

Consumer Perception and Preference of Drinking Water Sources.

Science.gov (United States)

Sajjadi, Seyed Ali; Alipour, Vali; Matlabi, Mohammad; Biglari, Hamed

2016-11-01

Understanding consumer perception of drinking water can contribute to improvements in water management and consumer satisfaction. The aim of this study was to assess the consumer perception of tap water quality and other drinking water sources in Gonabad as a small semiarid city. This study was performed in autumn and winter 2013. For collection data a researcher-made a questionnaire consisting of nine questions, based on demographic information prepared. Questions were asked for participants to provide information regarding household drinking water usage and patterns, opinion about tap water safety, taste and reasons for purchasing bottled water. For statistical analysis, analysis of variance (ANOVA) using SPSS version 16 was applied in this study. Results showed that demographic variables had a significant relationship with consumer satisfaction (p Consumer reasons for using domestic water softeners are: suitable taste (80%), easy availability (71%), economical (56%) and low health side effects (34%). According to these results it was clear that each consumer group, based on self-condition, prefers using a specific drinking water source.

Economic Impacts of the Southern Pine Beetle

Science.gov (United States)

John M. Pye; Thomas P. Holmes; Jeffrey P. Prestemon; David N. Wear

2011-01-01

This paper provides an overview of the timber economic impacts of the southern pine beetle (SPB). Although we anticipate that SPB outbreaks cause substantial economic losses to households that consume the nonmarket economic services provided by healthy forests, we have narrowly focused our attention here on changes in values to timber growers and wood-products...

Research of consumer motives and attitudes about tourist destinations

Directory of Open Access Journals (Sweden)

Stanković Ljiljana

2012-01-01

Full Text Available The research on consumer behavior and the consumption system is one of the crucial tasks for destination marketing. The information on consumers' needs, priorities in satisfying them, motives, their solvency and the degree of realized satisfaction represent the basis for the development of marketing strategies and value creation. It is of special importance to identify and clarify the factors that determine consumers' preferences in the process of different options evaluation and the choice of a tourist destination. Consumer behavior and the consumption system are determined by the influence of a large number of factors: geographical, economic, demographic, social, psychological, etc. Only through simultaneous interaction of these factors, the complex processes of translating stimuli in the minds of consumers into their certain reactions in the process of purchasing and using the products could be understood.

Attitudes of Consumers from Podgorica toward Advertising through Sport among the Question how often Consumers purchase Sporting Goods

Directory of Open Access Journals (Sweden)

Vladimir Djurisic

2018-04-01

Full Text Available This research was aimed at gaining relevant knowledge about the attitudes of Podgorica consumers toward advertising through sport among the question how often consumers purchase sporting goods. The sample included 330 students from Faculty of Economics in Podgorica, divided into six subsample groups: consumers who do not purchase sport goods at all, then consumers who purchase sport goods less than ones a month, next 1–3 a month, 4–6 a month, 7–9 a month, as well as consumers who purchase sport goods more than 10 times a month. The sample of variables contained the system of three general attitudes which were modelled by seven-point Likert scale. The results of the measuring were analyzed by multivariate analysis (MANOVA and univariate analysis (ANOVA and Post Hoc test. Based on the statistical analyses it was found that significant differences occur at multivariate level, as well as between all three variables at a significance level of (p=.000. Hence, it is interesting to highlight that it was found there were significant differences showed up between the consumers who purchase sport goods. The significant differences were found in two of three variables, while the consumers who purchase sport goods less than 3 times a moths had much more negative attitudes toward advertising though sport.

The unidirectional relationship between consumer confidence and PSI-20 returns - The influence of the economic cycle

Directory of Open Access Journals (Sweden)

Maria Elisabete Duarte Neves

Full Text Available ABSTRACT The aim of this paper is to determine the relationship between market sentiment and rates of return on the main Portuguese benchmark and verify whether this relationship is influenced by different economic cycles. Given the subjectivity inherent to the use of variables capturing investor sentiment, the Consumer Confidence Index (CCI was used as a benchmark. To achieve the proposed objective, an analysis of time series stationarity, Pearson correlation, and Granger causality using the autoregressive vectors model was carried out, followed by the Least Squares Method with macroeconomic variables. The results obtained suggest a one-way relationship between stock market returns and the sentiment variable. In fact, in times of recession, investor pessimism induces linear behavior and the sentiment-return relationship is more evident. This article will thus be of interest both to the academic community, in providing a basis for future investigations, and to managers and investors, with regards to the perception that the predictability of returns will be easier in periods of recession.

Economization of public services sector and its consequences

Directory of Open Access Journals (Sweden)

Ewa Polak

2013-03-01

Full Text Available The work is devoted to the analysis of the process of human life’s economization Processes taking place in the economic sphere nowadays, affect the social changes in the essential way, affect both the condition of an individual and on relationships between people. The main force of the socio-cultural transformation is scientific-technological progress, especially in the communication and transport as well as promoting the principles of governing the liberal market economy by global economic actors. Neo-liberal market economy and the values and attitudes associated with it (freedom, individualism, competition, mobility, flexibility, striving at all costs to success, especially material affect the political sphere (economization of politics, marketization of democracy cultural (the dominance of the commercialized consumer culture and social (destruction of traditional social structures, disintegration, dehumanisation and commercialization of human relationships and cultural patterns. Commercialized consumer culture is accompanied with marketization and economization of all spheres of life and social relations. Everything could be buying: education, safety, care, treatment and longer life. Life itself is also commercializing, insurance companies, employers, companies offering on the market different goods and services assign a specific monetary value to life. People are judged by perspective of consumer behaviour, and products suited to the cultural meaning. Traditional values are replaced by market, commercial values.

Presenting quality data to vulnerable groups: charts, summaries or behavioral economic nudges?

Science.gov (United States)

Elbel, Brian; Gillespie, Colleen; Raven, Maria C

2014-07-01

Despite the increased focus on health care consumers' active choice, not enough is known about how to best facilitate the choice process. We sought to assess methods of improving this process for vulnerable consumers in the United States by testing alternatives that emphasize insights from behavioral economics, or 'nudges'. We performed a hypothetical choice experiment where subjects were randomized to one of five experimental conditions and asked to choose a health center (location where they would receive all their care). The conditions presented the same information about health centers in different ways, including graphically as a chart, via written summary and using behavioral economics, 'nudging' consumers toward particular choices. We hypothesized that these 'nudges' might help simplify the choice process. Our primary outcomes focused on the health center chosen and whether consumers were willing to accept 'nudges'. We found that consumer choice was influenced by the method of presentation and the majority of consumers accepted the health center they were 'nudged' towards. Consumers were accepting of choices grounded in insights from behavioral economics and further consideration should be given to their role in patient choice. © The Author(s) 2014 Reprints and permissions: sagepub.co.uk/journalsPermissions.nav.

Examining the measurement and dimensionality of the construct of consumer awareness in a developing and transition economy

Directory of Open Access Journals (Sweden)

Charles Makanyeza

2015-06-01

Full Text Available Orientation: Literature suggests that major political and socio-economic transformations may influence the measurement and dimensionality of consumer awareness. Research purpose: The study examined the measurement and dimensionality of the construct of consumer awareness after transformation in the political and socio-economic environments in Zimbabwe. Motivation for the study: There is a dearth of research to validate whether or not the measurement and dimensionality of the construct of consumer awareness changes as the environment changes. Research design, approach and method: Data were collected from a cross-section of 305 consumers using interviewer-administered questionnaires. Consumers were intercepted at shopping malls. Structural equation modelling was used to analyse data. Main findings: The study confirmed that consumer awareness comprises five dimensions, namely product knowledge, bargain hunting, general consumer knowledge, price consciousness and information search. However, the study found that only 16 items, instead of the proposed 25, were relevant in measuring consumer awareness. Product knowledge, bargain hunting and information search were each measured by four items, whilst general consumer knowledge and price consciousness were each measured by two items. The other nine items were shown to be of no value. Practical/managerial implications: The study recommends that marketers and policymakers in developing and transition economies, such as Zimbabwe, consider these five dimensions when conducting consumer awareness research or when planning consumer awareness programmes. Contribution/value-add: The study provided evidence that the dimensionality of the construct of consumer awareness does not change as the socio-economic and political environments change. However, items used to measure the dimensions need to be updated from time to time.

Environmental degradation and remediation: is economics part of the problem?

Science.gov (United States)

Dore, Mohammed H I; Burton, Ian

2003-01-01

It is argued that standard environmental economic and 'ecological economics', have the same fundamentals of valuation in terms of money, based on a demand curve derived from utility maximization. But this approach leads to three different measures of value. An invariant measure of value exists only if the consumer has 'homothetic preferences'. In order to obtain a numerical estimate of value, specific functional forms are necessary, but typically these estimates do not converge. This is due to the fact that the underlying economic model is not structurally stable. According to neoclassical economics, any environmental remediation can be justified only in terms of increases in consumer satisfaction, balancing marginal gains against marginal costs. It is not surprising that the optimal policy obtained from this approach suggests only small reductions in greenhouse gases. We show that a unidimensional metric of consumer's utility measured in dollar terms can only trivialize the problem of global climate change.

Local power production at the end consumer - legal, political and economical external conditions

International Nuclear Information System (INIS)

Grinden, Bjoern; Hunnes, Arngrim; Naesje, Paal; Wangensteen, Ivar; Morch, Andrei Z.

2002-12-01

The report deals with the external conditions for local power production, suggested as a production close to or at the end consumer. The political, legal and economical frame conditions for such production including rating are discussed. The report shall together with a technical report regarding appropriate technologies for such production (A5712), serve as a basis for case studies and monitors later in the project. Through the case studies it will be uncovered how the external conditions are functioning which will make foundations for recommendations concerning possible alterations in the conditions in order to make the local power production more profitable. In the discussion on the political and legal external conditions the system of today is studied. From the political area the general development is described and a short analysis is made of what to expect from case handling procedures, and some challenges are pointed out At present there is a simplified handling of cases of minor and smaller power plants. In order to obtain a more realistic construction of such plants the requirements of license handling may need sharpening. The tariffing of energy deliverance is studied. The regulations for tariffing and income regulation in the distribution network is mainly designed with the consumer and the central power production in mind. A study is made of how the regulations work, to what extent precessions and additional rules are needed and to what extent alterations in the regulations are needed in order to incorporate the local power production in a rational way. While a local power producer at best, will want a price for power which is sold at the power market of the size of 20 oere/kWh, the power will increase in value further down in the voltage level. At the 230 V level the power price will be of the size of 60 oere/kWh all expenses included and the network rent (during normal precipitation conditions). Therefore the production for own consumption will be met

An Economic Customer-Oriented Demand Response Model in Electricity Markets

DEFF Research Database (Denmark)

Sharifi, Reza; Anvari-Moghaddam, Amjad; Fathi, S. Hamid

2018-01-01

Consumer choice theory is a branch of microeconomics. This theory relates to adjusting consumption expenditures and consumer demand curve. Consumer choice science is trying to realize the buyer's decision-making process. This science studies customer characteristics, such as behavioral criteria......, to understand the consumer’s need. The concept of price elasticity of demand (PED) has also been derived from this theory. In fact, the PED is the percentage of changes in the amount of demand relative to the price changes. In consumer choice theory, for each consumer according to behavioral criteria, a unique...... demand response (DR) models have been developed based on this concept, this will also be deemed as a disadvantage for them. In this paper, we propose an economic DR model based on economic theories and mathematical methods. In addition to abate the defects of price-elasticity based DR models...

Consumer-Related Food Waste: Causes and Potential for Action

DEFF Research Database (Denmark)

Aschemann-Witzel, Jessica; Hooge, Ilona de; Amani, Pegah

2015-01-01

behaviors. We identify actions that governments, societal stakeholders and retailers can undertake to reduce consumer-related food waste, highlighting that synergistic actions between all parties are most promising. Further research should focus on exploring specific food waste contexts and interactions......In the past decade, food waste has received increased attention on both academic and societal levels. As a cause of negative economic, environmental and social effects, food waste is considered to be one of the sustainability issues that needs to be addressed. In developed countries, consumers...... are one of the biggest sources of food waste. To successfully reduce consumer-related food waste, it is necessary to have a clear understanding of the factors influencing food waste-related consumer perceptions and behaviors. The present paper presents the results of a literature review and expert...

Optimizing outlays for transporting agricultural peat to the consumers

Energy Technology Data Exchange (ETDEWEB)

Dem' yanov, Ye S; Prisadkov, V I; Silant' yeza, G P

1979-01-01

An economic-mathematical model is described for supplying the consumers with agricultural peat and the corresponding computer program. Certain results are presented of calculating the optimal plans for transporting peat from the enterprises of the association Kalinintorf.

Consumer search and pricing behavior in Internet markets

NARCIS (Netherlands)

Janssen, Maarten C W; Moraga-González, José Luis; Wildenbeest, Matthijs R.

2007-01-01

Throughout economic history, changes in technology have had a substantial impact on consumers' search and transportation costs and, consequently, on the size of the relevant market. One example is the progressive decline in transportation costs that historically has taken place through the use of

Consumer Perception of Competitiveness – Theoretical-Instrumental Approach

Directory of Open Access Journals (Sweden)

Duralia Oana

2016-04-01

Full Text Available Behaviorist economic approach has recorded a quantum leap in a relatively short period of time, as studying the relationship between consumer behavior and companies’ strategic decisions based on market competitiveness are no longer an unknown area. However, this issue remains actual in view of the fact that during the decision process of purchase, consumers do not always behave rationally, as they are the only ones who can appreciate if the offer of the company, in terms of range, quality, price and auxiliary services meet their needs or not. In this context, this paper aims to deepen the existing interconnection between the market decisions of the enterprise and consumer behavior, as measure standard for the competitiveness of a firm on a certain market.

Russian consumers' motives for food choice.

Science.gov (United States)

Honkanen, Pirjo; Frewer, Lynn

2009-04-01

Knowledge about food choice motives which have potential to influence consumer consumption decisions is important when designing food and health policies, as well as marketing strategies. Russian consumers' food choice motives were studied in a survey (1081 respondents across four cities), with the purpose of identifying consumer segments based on these motives. These segments were then profiled using consumption, attitudinal and demographic variables. Face-to-face interviews were used to sample the data, which were analysed with two-step cluster analysis (SPSS). Three clusters emerged, representing 21.5%, 45.8% and 32.7% of the sample. The clusters were similar in terms of the order of motivations, but differed in motivational level. Sensory factors and availability were the most important motives for food choice in all three clusters, followed by price. This may reflect the turbulence which Russia has recently experienced politically and economically. Cluster profiles differed in relation to socio-demographic factors, consumption patterns and attitudes towards health and healthy food.

Analýza hospodářsko-politických vztahů Německa a Sovětského svazu v letech 1939-1941

OpenAIRE

Fabianková, Klára

2007-01-01

This dissertation deals with German-Soviet economic and political relations from 1939 to 1941. These were forms of totalitarian regimes whose cooperation was not suspended though its own dynamics were influenced by ideological, economic, and political conditions. One of the motives for the intensification of German-Soviet cooperation was Germany's attempt to secure self-sufficiency in the development of raw materials. The German-Soviet Nonaggression Pact of August 23rd, 1939 was a calculated ...

Economic Valuation of Sand and Gravel in Davao del Norte, Philippines

OpenAIRE

Tamayo, Adrian; Tagalo, Romulo

2016-01-01

The study aims to quantify the economic value of the sand and gravel which is deemed as a non-renewable resource. A survey was conducted to extract the consumer surplus of the households, also construct the demand equation for the resource. With the demand equation for sand and gravel at , the consumer surplus was estimated at P8271. Using the economic valuation technique, the economic value of sand and gravel was estimated at P729,568,368. Thus, a very high value imputed on the environmenta...

Teaching Gender and Geography in Romanian Universities

Science.gov (United States)

Voiculescu, Sorina

2011-01-01

The fall of communism in Central-Eastern Europe in 1989 brought major political, social, economic and cultural changes that reshaped the Romanian society as it transitioned from the totalitarian communist regime to a democratic one. The entire process of transition, eventuating in Romanian access to the European Union, brought important changes at…

New Trends in the Chinese Diet: Cultural Influences on Consumer Behaviour

Science.gov (United States)

Cicia, Gianni; Grunert, Klaus G.; Krystallis, Athanasios K.; Zhou, Yanfeng; Cembalo, Luigi; Verneau, Fabio; Caracciolo, Francesco

2016-01-01

China is one of the most dynamic regions in the world in terms of economic growth and development. Such development has inevitably influenced the structure and habits of Chinese society. Whilst the economic condition of the middle class and high-income segment has steadily improved, cultural changes are also under way: ancient Chinese traditions now include major elements from other cultures, most notably the West. The above scenario is the background to this paper. A structured research-administered survey was developed to investigate the changes in the Chinese consumer food culture: 500 urban participants were randomly selected from six reference cities, covering geographically almost the whole country. This study aims not only to analyze the propensity of consumers to include food products from other countries in their ancient Chinese culinary culture, but also represents an initial attempt to perform a market segmentation of Chinese consumers according to their degree of cultural openness towards non-Chinese food, taking into account socio-demographic, cognitive and psychographic variables. PMID:27800438

New Trends in the Chinese Diet: Cultural Influences on Consumer Behaviour.

Science.gov (United States)

Del Giudice, Teresa; Cicia, Gianni; Grunert, Klaus G; Krystallis, Athanasios K; Zhou, Yanfeng; Cembalo, Luigi; Verneau, Fabio; Caracciolo, Francesco

2016-04-19

China is one of the most dynamic regions in the world in terms of economic growth and development. Such development has inevitably influenced the structure and habits of Chinese society. Whilst the economic condition of the middle class and high-income segment has steadily improved, cultural changes are also under way: ancient Chinese traditions now include major elements from other cultures, most notably the West. The above scenario is the background to this paper. A structured research-administered survey was developed to investigate the changes in the Chinese consumer food culture: 500 urban participants were randomly selected from six reference cities, covering geographically almost the whole country. This study aims not only to analyze the propensity of consumers to include food products from other countries in their ancient Chinese culinary culture, but also represents an initial attempt to perform a market segmentation of Chinese consumers according to their degree of cultural openness towards non-Chinese food, taking into account socio-demographic, cognitive and psychographic variables.

Models of consumer behavior of households depending on the income level

Directory of Open Access Journals (Sweden)

Melnikova A.S.

2016-11-01

Full Text Available the consumer behavior of households is defined by a complex of internal and external factors: income of the population, motives and incentives of behavior, behavioral norms and personal preferences. As the example of structure analysis of the income and expenses of households of Sverdlovsk region during research models of consumer behavior of households are allocated, characteristics and structure of the population depending on their welfare are allocated. Author's approach allows forecasting of the consumer market, proceeding from the socio-economic factors forming the level of the population income in the region.

Unravelling the concept of consumer preference: implications for health policy and optimal planning in primary care.

Science.gov (United States)

Foster, Michele M; Earl, Peter E; Haines, Terry P; Mitchell, Geoffrey K

2010-10-01

Accounting for consumer preference in health policy and delivery system design makes good economic sense since this is linked to outcomes, quality of care and cost control. Probability trade-off methods are commonly used in policy evaluation, marketing and economics. Increasingly applied to health matters, the trade-off preference model has indicated that consumers of health care discriminate between different attributes of care. However, the complexities of the health decision-making environment raise questions about the inherent assumptions concerning choice and decision-making behavior which frame this view of consumer preference. In this article, we use the example of primary care in Australia as a vehicle to examine the concept of 'consumer preference' from different perspectives within economics and discuss the significance of how we model preferences for health policy makers. In doing so, we question whether mainstream thinking, namely that consumers are capable of deliberating between rival strategies and are willing to make trade-offs, is a reliable way of thinking about preferences given the complexities of the health decision-making environment. Alternative perspectives on preference can assist health policy makers and health providers by generating more precise information about the important attributes of care that are likely to enhance consumer engagement and optimise acceptability of health care. Copyright (c) 2010 Elsevier Ireland Ltd. All rights reserved.

Direct-to-consumer promotion of prescription drugs. Economic implications for patients, payers and providers.

Science.gov (United States)

Findlay, S D

2001-01-01

Spending on outpatient prescription drugs in the US is accelerating rapidly. Although numerous factors are driving this trend, attention has recently focused on the role played by the marketing, promotion and advertising of pharmaceuticals, in particular direct-to-consumer (DTC) advertising. In 1997, the US Food and Drug Administration (FDA) issued a 'guidance' on such mass media promotion. The guidance altered existing FDA rules and effectively permitted pharmaceutical companies to promote prescription drugs on television and radio without giving detailed or even summary information on indications, efficacy or potential adverse effects. Since then, television commercials, in particular, and print advertisements in consumer magazines and newspapers have proliferated rapidly. Pharmaceutical companies spent $US1.8 billion on DTC advertising in 1999, a 40% increase over 1998. This spending in 1999 was heavily concentrated on about 50 drugs. Evidence is growing that DTC promotion of prescription drugs is: (i) alerting consumers to the existence of new drugs and the conditions they treat; (ii) increasing consumer demand for many drugs; (iii) contributing increasingly to the recent sharp increase in the number of prescriptions being dispensed; (iv) raising sales revenues; and, thus, (v) contributing to the higher pharmaceutical costs of health insurers, government and consumers. The public policy issues surrounding DTC advertisements centre on the following questions: (i) are the advertisements leading to the inappropriate clinical use of some drugs? (ii) are the advertisements inducing both consumers and physicians to choose more costly new brand-name drugs over less expensive, but equally effective, older brand or generic drugs? (iii) do television advertisements for prescription drugs contain a balanced amount of information on benefits versus potential adverse effects? and (iv) will the revenue benefits generated by DTC advertising cause pharmaceutical companies to

INFLUENCE OF SOCIAL AND ECONOMIC FACTORS ON CRIME RATES IN ROMANIA

OpenAIRE

RELU MANOLACHE; AURELIA STÃNESCU; MÃDÃLINA MANOLACHE

2011-01-01

Execution aspects of the criminal justice process are largely unknown to the public in Romania, almost total lack of transparency in the system management unit showed a prison from 1948 until 1990. After this period, through the media, the entire company was informed about the prison world, especially about the distant, between 1948-1969, the period of totalitarian abuses have been revealed and created popular topics as sensational, but no longer correspond to current realities of prison admi...

Optimal demand shaping strategies for dual-channel retailers in the face of evolving consumer behavior

OpenAIRE

Mutlu, Nevin

2016-01-01

The advent of the Internet has not only enabled traditional brick-and-mortar retailers to open online channels, but also provided a platform that facilitated consumer-to-consumer information exchange on retailers and/or products. As a result, the purchasing decisions of today's consumers are often affected by the purchasing decisions of other consumers. In this dissertation, we adopt an interdisciplinary approach that brings together tools and concepts from operations management, economics, ...

Decision-Based Design Integrating Consumer Preferences into Engineering Design

CERN Document Server

Chen, Wei; Wassenaar, Henk Jan

2013-01-01

Building upon the fundamental principles of decision theory, Decision-Based Design: Integrating Consumer Preferences into Engineering Design presents an analytical approach to enterprise-driven Decision-Based Design (DBD) as a rigorous framework for decision making in engineering design.  Once the related fundamentals of decision theory, economic analysis, and econometrics modelling are established, the remaining chapters describe the entire process, the associated analytical techniques, and the design case studies for integrating consumer preference modeling into the enterprise-driven DBD framework. Methods for identifying key attributes, optimal design of human appraisal experiments, data collection, data analysis, and demand model estimation are presented and illustrated using engineering design case studies. The scope of the chapters also provides: •A rigorous framework of integrating the interests from both producer and consumers in engineering design, •Analytical techniques of consumer choice model...

Environmental Economics Research Strategy (2005)

Science.gov (United States)

This 2005 Environmental Economics Research Strategy outlines EPA’s research effort to provide the necessary behavioral science foundation for making decisions and designing environmental policies at the least cost to American businesses and consumers.

Economic Criminalityin the Period ofthe NEP: the Regional Aspect

OpenAIRE

Lyudmila N. Bekhtereva

2015-01-01

The article describesthe main typesof economic(economic) crimes committed in the1920s by thegovernment officials, private entrepreneurs, employees, trade,consumer andproducer cooperatives. Development trends ofeconomic crime, its quantitative and qualitative characteristics are markedinthis article.

Analysis of consumer behavior at chocolate purchase

Directory of Open Access Journals (Sweden)

Dagmar Kozelová

2014-02-01

Full Text Available At food purchase consumer is affected by several factors. In this work analysis of consumer behavior at chocolate purchase was performed involving 277 respondents. Statistical testing of results was performed by Chi - Square statistic, correlations have been tested with use of the Cramer's coefficient. It was found, that 86% of respondents consume chocolate. Factors affecting respondents at purchase were recommendations of friends, acquaintances (32%, brand of chocolate (24%, price (16%, personal experience (12%, health restrictions and allergies (11%. Less important factors when choosing chocolates are flavor (4%, nutritional quality (3%, country of origin (2% and chocolate packaging (1%. In the consumption of chocolate moderate correlation among various categories of economic activity of respondents was confirmed. Chocolate was consumed mainly by respondents whose monthly income ranges from 801 to 1001 €. We found that consumers prefer milk chocolate followed by dark and white at the end. In terms of gender the most commonly was chocolate consumed by women, once to three times a week. The same frequency of chocolate consumption dominates at the categories of students and employee. Expenses frequently spent to buy chocolates were from 1-3 € per week by young people (18-23 years and middle age generation of people (46-55 years. Normal 0 21 false false false CS JA X-NONE

Consumer Cost Differences for Traditional and Internet Markets.

Science.gov (United States)

Shaw, Michael J.; Strader, Troy J.

1999-01-01

Addresses research issues related to the economics of electronic, Internet-based markets. Discusses consumer cost-based differences for traditional and electronic markets; revenue implications for sellers and transaction intermediaries; and results of an empirical, survey-based study of an electronic market in the sports trading-card industry.…

Social interactions for economic value? A marketing perspective

NARCIS (Netherlands)

Vock, M.

2011-01-01

This dissertation explores emerging social interactions in relation to economic value, more specifically how social interactions at the organizational and individual levels may affect individual consumers and companies economically as well. To help shed light on this broad theme, it focuses on two

Big Data, the perfect instrument to study today's consumer behavior

Directory of Open Access Journals (Sweden)

Cristina STOICESCU

2016-01-01

Full Text Available Consumer behavior study is a new, interdisciplinary and emerging science, developed in the 1960s. Its main sources of information come from economics, psychology, sociology, anthropology and artificial intelligence. If a century ago, most people were living in small towns, with limited possibilities to leave their community, and few ways to satisfy their needs, now, due to the accelerated evolution of technology and the radical change of life style, consumers begin to have increasingly diverse needs. At the same time the instruments used to study their behavior have evolved, and today databases are included in consumer behavior research. Throughout time many models were developed, first in order to analyze, and later in order to predict the consumer behavior. As a result, the concept of Big Data developed, and by applying it now, companies are trying to understand and predict the behavior of their consumers.

Informative advertising and consumer search in a differentiated-products duopoly

Czech Academy of Sciences Publication Activity Database

Celik, Levent

-, Č. 332 (2007), s. 1-17 ISSN 1211-3298 Institutional research plan: CEZ:MSM0021620846 Keywords : consumer search * duopoly * ínformative advertising Subject RIV: AH - Economics http://www.cerge.cuni.cz/pdf/wp/Wp332.pdf

Economizing on vacations: the role of information searching

NARCIS (Netherlands)

Bronner, F.; de Hoog, R.

2013-01-01

Purpose - The consumer is currently feeling the consequences of the global economic crisis, leading to decreased spending by tourists. An important economizing strategy appears to be that vacationers do not give up their holiday but are likely to travel closer to home, a phenomenon called

To Save or to Consume: Linking Growth Theory with the Keynesian Model

Science.gov (United States)

Kwok, Yun-kwong

2007-01-01

In the neoclassical growth theory, higher saving rate gives rise to higher output per capita. However, in the Keynesian model, higher saving rate causes lower consumption, which may lead to a recession. Students may ask, "Should we save or should we consume?" In most of the macroeconomics textbooks, economic growth and Keynesian economics are in…

Marketing and growth: Consumers in the driver's seat

Energy Technology Data Exchange (ETDEWEB)

Gagne, P.

1999-07-01

Prospects of the electricity marketplace in the 21. century were reviewed by leaders of the electrical industry. They came to the conclusion that given the possibility of affordable energy for everyone and the possibility of choice of suppliers , the industry must place consumer demands at the centre of their growth strategies. With a more sophisticated consumer groups, technological advances, consumers demand lower costs, reliable, better and faster service, and a value-added service package. The emergence of e-commerce, and other economic, political and technological factors are putting into the hands of consumers considerable decision making power to influence development of the energy business. Quality alone is no longer enough; customers also expect more flexibility, more responsiveness, and lower costs, all at a higher speed, and most importantly, beyond what the competition can provide.

The voluntary price for the small consumer: Real-time pricing in Spain

International Nuclear Information System (INIS)

Roldán Fernández, Juan Manuel; Payán, Manuel Burgos; Santos, Jesús Manuel Riquelme; García, Ángel Luis Trigo

2017-01-01

In 2013, a period of reform was initiated of the regulatory framework of the Spanish electricity sector. A year later, the methodology for the calculation of the Voluntary Price for the Small Consumer (VPSC) was approved: a real-time price tariff for small domestic consumers. Under this price-setting system, VPSC consumers are billed according to their hourly consumption and hourly prices along the day. Directive 27/2014/EU, on energy saving, was also transposed to Spanish regulation in 2014. The impact on the Spanish electricity market and domestic VPSC consumers of these two recent energy policy modifications are analyzed in this work. A qualitative model, based on the flexibility of the merit-order curves, is first introduced to formulate a number of hypotheses. A set of scenarios are then examined to quantify the main effects on the market and on domestic consumers. The results show that domestic energy-saving, and, to a lesser extent, load-shifting scenarios, can diminish the mean hourly price and the cost of the annual traded energy in the market. Nevertheless, these reductions are mainly granted to large qualified consumers, since domestic consumers mostly benefit from the reduction of their energy demand rather than from a reduction of the price. - Graphical abstract: Load saving and load-shifting performed by small VPSC consumers reduces the hourly clearing price and the traded energy leading to some rent transfer from the generators to the purchasing agents. The cost saving for VPSC consumers is mainly related to the energy they saved. They profit only partially from the market cost saving. - Highlights: • Merit-order effect related to energy saving and load-shifting are identified. • Domestic consumers are able to conduct energy saving and load-shifting at no cost. • Cyclic load-shifting reduces the traded energy and the economic cost in the market. • Rent transfer form generators to purchasing agents catalyzed by costumers’ saving. �

Quantifying and Disaggregating Consumer Purchasing Behavior for Energy Systems Modeling

Science.gov (United States)

Consumer behaviors such as energy conservation, adoption of more efficient technologies, and fuel switching represent significant potential for greenhouse gas mitigation. Current efforts to model future energy outcomes have tended to use simplified economic assumptions ...

U.S. consumer attitudes and expectations about energy

International Nuclear Information System (INIS)

DeCicco, John; Yan, Ting; Keusch, Florian; Muñoz, Diego Horna; Neidert, Lisa

2015-01-01

Understanding public perceptions of energy is important for informing energy-related business, research and policy strategies. To this end, a new U.S. consumer survey probes core attitudes about the reliability, affordability and environmental impact of energy. Appended quarterly to the long-running monthly survey of 500 households that produces the Index of Consumer Sentiment, this instrument inherits the sample design and statistical rigor of that household economic survey. First-year results yield several notable findings. Home energy bills are viewed as unaffordable if they were to double for consumers in the lower income tercile but only if they were to triple for consumers in the upper income tercile. Regarding the cost increases deemed unaffordable, consumers report much greater sensitivity to higher gasoline prices than to higher home energy bills. Moreover, consumers express at least as much concern about the environmental impact of energy as they do about its affordability, a result that shows some regional variation but which holds across income brackets. Several other findings are of likely interest to energy researchers and policymakers, and the unique data series generated by this survey will enable deeper analyses of attitudinally related energy topics as time goes on. - Highlights: • Views of energy reliability, affordability and environmental impact were surveyed. • Consumers seem less tolerant of rising costs for gasoline than for home energy. • Consumers are as concerned about energy's environmental impact as its affordability. • This survey's findings add to policymaker understanding of consumer views on energy.

A Proposal to Revise the Secondary School Curriculum in Economics

Science.gov (United States)

Marcus, Stuart Paul; Richman, Paul Jeffrey

1978-01-01

Two high school students recommend revision of the economics component of the social studies curriculum to include study of income tax preparation, consumer fraud, investment practices, labor economics, and urban problems. (Author/DB)

Consumer focus can spur group practice turnaround.

Science.gov (United States)

Foreman, M S; Draper, A

2001-06-01

Many healthcare organizations have lost money on their employed group practices. The solution to this dilemma is not necessarily divestment of the group practices. Instead, some healthcare organizations should view their physicians as an asset. Healthcare organizations and physicians need to develop a new framework for their relationship to optimize their competitive advantage. Three guiding principles that will help accomplish this objective are to recast the healthcare organization-physician relationship to focus on the consumer, reconfigure the economic model to exceed consumer demands, and restructure the group practice to encourage fiscal and service excellence. In developing a new relationship framework, the stakeholders need to define the group practice's mission, strategic direction, composition, infrastructure, compensation model, and structure.

Variability of consumer impacts from energy efficiency standards

Energy Technology Data Exchange (ETDEWEB)

McMahon, James E.; Liu, Xiaomin

2000-06-15

A typical prospective analysis of the expected impact of energy efficiency standards on consumers is based on average economic conditions (e.g., energy price) and operating characteristics. In fact, different consumers face different economic conditions and exhibit different behaviors when using an appliance. A method has been developed to characterize the variability among individual households and to calculate the life-cycle cost of appliances taking into account those differences. Using survey data, this method is applied to a distribution of consumers representing the U.S. Examples of clothes washer standards are shown for which 70-90% of the population benefit, compared to 10-30% who are expected to bear increased costs due to new standards. In some cases, sufficient data exist to distinguish among demographic subgroups (for example, low income or elderly households) who are impacted differently from the general population. Rank order correlations between the sampled input distributions and the sampled output distributions are calculated to determine which variability inputs are main factors. This ''importance analysis'' identifies the key drivers contributing to the range of results. Conversely, the importance analysis identifies variables that, while uncertain, make so little difference as to be irrelevant in deciding a particular policy. Examples will be given from analysis of water heaters to illustrate the dominance of the policy implications by a few key variables.

The different faces of the energy consumers: toward a behavioral economics approach

NARCIS (Netherlands)

Lavrijssen, S.A.C.M.

2014-01-01

In the European legislator's view, energy consumers have an important role to play in achieving the EU energy policy objectives. These include promoting competition, ensuring affordable energy prices and security of supply, as well as contributing to the European environmental and climate goals.

Technical and economic aspects of thermo-chemical decomposition of biomass in the processes of transformation of it in power-consuming energy/carriers by the use of the concentrated gel of sun radiation, has been considered

International Nuclear Information System (INIS)

Sultanova, K.D.; Mustafayeva, R.M.; Rzayev, P.F.

2007-01-01

Full text: The technical and economic assessment of process of thermo-chemical decomposition of biomass in the processes of transformation of it in power-consuming energy/carriers by the use of the concentrated gel of sun radiation, has been considered

New trends in the Chinese diet: cultural influences on consumer behaviour

Directory of Open Access Journals (Sweden)

Teresa Del Giudice

2016-04-01

Full Text Available China is one of the most dynamic regions in the world in terms of economic growth and development. Such development has inevitably influenced the structure and habits of Chinese society. Whilst the economic condition of the middle class and high-income segment has steadily improved, cultural changes are also under way: ancient Chinese traditions now include major elements from other cultures, most notably the West. The above scenario is the background to this paper. A structured research-administered survey was developed to investigate the changes in the Chinese consumer food culture: 500 urban participants were randomly selected from six reference cities, covering geographically almost the whole country. This study aims not only to analyze the propensity of consumers to include food products from other countries in their ancient Chinese culinary culture, but also represents an initial attempt to perform a market segmentation of Chinese consumers according to their degree of cultural openness towards non-Chinese food, taking into account socio-demographic, cognitive and psychographic variables.

History of consumer demand theory 1871-1971: A Neo-Kantian rational reconstruction

OpenAIRE

Moscati Ivan

2007-01-01

This paper examines the history of the neoclassical theory of consumer demand from 1871 to 1971 by bringing into play the knowledge theory of the Marburg School, a Neo-Kantian philosophical movement. The work aims to show the usefulness of a Marburg-inspired epistemology in rationalizing the development of consumer analysis and, more generally, to understand the principles that regulate the process of knowing in neoclassical economics.

History of consumer demand theory 1871-1971: A Neo-Kantian rational reconstruction

OpenAIRE

Ivan Moscati

2005-01-01

This paper examines the history of the neoclassical theory of consumer demand from 1871 to 1971 by bringing into play the knowledge theory of the Marburg School, a Neo-Kantian philosophical movement. The work aims to show the usefulness of a Marburg-inspired epistemology in rationalizing the development of consumer analysis and, more generally, to understand the principles that regulate the process of knowing in neoclassical economics.

Economic sentiment indicator and its information capability in the Czech Republic

Directory of Open Access Journals (Sweden)

Radka Martináková

2013-01-01

Full Text Available The paper focuses on the indicators of economic agents’ perceptions in the Czech Republic. We assume that these information are provided by economic sentiment indicator surveys based on the Joint Harmonised EU Programme. The aim of this paper is to offer the alternate methodology of qualitative data transformation (balance statistic data in relation with the macroeconomic quantitative indicators. In the empirical analysis we distinguished between the indicators of confidence in industry, construction, retail and consumer confidence indicator. We found link between the aggregate economic sentiment indicator and economic activity. Especially, aggregate economic sentiment indicator copies the development of the GDP. However, partial indicators does not follow changes in the specific sectors of the economy. We also found that economic agents underestimate the intensity of the economic recession after the year 2007.Finally, we cannot recommend the economic sentiment indicator as the leading indicator of the future economic activity in the Czech Republic. Our methodological contribution is in quantifying of the consumer survey results by standardization.

SOCIAL MEDIA – VITAL INSTRUMENT IN GAINING CONSUMERS CONFIDENCE

Directory of Open Access Journals (Sweden)

Mirela-Cristina VOICU

2016-06-01

Full Text Available Given that, currently, the consumer has become more demanding and organizations face some of the greatest challenges due to the economic climate of recent years, the need to build and cultivate strong relationships has become vital not only for the company's success but also for its survival. And solid relationships are built over time through confidence. Trust is one of the most important elements in the process of purchasing and consumer loyalty; it is difficult to obtain but easy to lose. Companies that are enjoying a high degree of confidence benefit from best quotations for their shares, higher profits and a better retention of the best employees. The effects of the lack of confidence are obvious (unsatisfied consumers, lost sales and very expensive for the company. In this context, through the following paper we seek to bring more understanding on how a company can gain the confidence of consumers given that the forms of communication that consumers prefer and that are gaining momentum currently, are taking place online, especially in the social media.

Consumer Issues and Consumer Protection in Asia.

Science.gov (United States)

Widdows, Richard; And Others

1995-01-01

Looks at themes of consumer interests in Asia and comments on the directions consumer policy is taking in that region. Outlines issues facing the region's consumers, describes evolving consumer protection mechanisms, and presents a model for promoting consumer interests in the region. (JOW)

Consumer Decision-Making Abilities and Long-Term Care Insurance Purchase.

Science.gov (United States)

McGarry, Brian E; Tempkin-Greener, Helena; Grabowski, David C; Chapman, Benjamin P; Li, Yue

2018-04-16

To determine the impact of consumer decision-making abilities on making a long-term care insurance (LTCi) purchasing decision that is consistent with normative economic predictions regarding policy ownership. Using data from the Health and Retirement Study, multivariate analyses are implemented to estimate the effect of decision-making ability factors on owning LTCi. Stratified multivariate analyses are used to examine the effect of decision-making abilities on the likelihood of adhering to economic predictions of LTCi ownership. In the full sample, better cognitive capacity was found to significantly increase the odds of ownership. When the sample was stratified based on expected LTCi ownership status, cognitive capacity was positively associated with ownership among those predicted to own and negatively associated with ownership among those predicted not to own who could likely afford a policy. Consumer decision-making abilities, specifically cognitive capacity, are an important determinant of LTCi decision outcomes. Deficits in this ability may prevent individuals from successfully preparing for future long-term care expenses. Policy makers should consider changes that reduce the cognitive burden of this choice, including the standardization of the LTCi market, the provision of consumer decision aids, and alternatives to voluntary and private insuring mechanisms.

Consumer-Related Food Waste: Causes and Potential for Action

NARCIS (Netherlands)

Aschemann-Witzel, J.; Hooge, de I.E.; Amani, P.; Bech-Larsen, T.; Oostindjer, M.

2015-01-01

In the past decade, food waste has received increased attention on both academic and societal levels. As a cause of negative economic, environmental and social effects, food waste is considered to be one of the sustainability issues that needs to be addressed. In developed countries, consumers are

Water Conservation and Economic Incentives

Science.gov (United States)

Narayanan, M.

2016-12-01

Water has played a vital role in the progress of human civilization throughout history. Both agriculture based economics as well as industry based economics totally rely upon water for survival and prosperity. Water could be a limiting factor in dictating day-to-day human activities and as such one should learn to live within the limits of available natural resources. Most of the water on this earth is either salty or undrinkable. Only one percent of world's water is available for all the needs of human civilization. This includes human personal household needs, community activities, agriculture, industry, plant and animal life sustenance. The supply of usable fresh water is finite and the per capita consumption of fresh water needs to be reduced in particularly in some selected regions of this world. The United States consumes about 450 billion gallons of water every day. The U.S. daily average of water pumped by public water supply systems is 185 gallons per person. The biggest water gobbler in a household is the lawn. Typically, at least 50% of water consumed by households is used outdoors. Even inside a house, bathroom facilities claim nearly 75% of the water used. Here is a short list of economic Incentives that may help water conservation. (1) Providing rebates, refunds or other economic incentives to those consumers that are willing to change to modern technological methods. Examples include, but not limited to energy efficient washing machines, low-flush toilets and improved shower head designs. (2) Communities should provide economic incentives to limit the type and size of landscaping. (3) Need, necessity and nature of outdoor water use could be restricted whenever possible. (4) Sprinkler ban may be deemed appropriate in extreme cases. (5) Set up hotlines that can help penalize those that ignore water conservation guidelines. (6) Incorporating water conservation monitors. References: http://www.nrdc.org/water/http://www.ecy.wa.gov/programs/wr/ws/wtrcnsv.htmlhttp://www.sscwd.org/tips.html

Bidding price analysis for competitive generators and large consumers

International Nuclear Information System (INIS)

Ping Wei; Luonan Chen; Hsiao Dong Chiang

2005-01-01

We present a new method to analyze the bidding price of each participant (power suppliers and large consumers) in a pay-as-bid market. The bidding price will be decomposed into a variety of components corresponding to five factors, such as the incremental values of the subject bidder's generation on the system operational costs, on the income or payment of other bidders, and on the binding tradable constraints, and the first-order approximation of the subjective participant's bidding price. From an economic viewpoint, each component provides useful information for participants to design the strategic planning. The advantages of the method include that the decomposition is well defined without assumptions and that each decomposition term has its own economical and/or engineering meaning. The proposed method is numerically verified through computer simulations on a three-bus example system and a modified IEEE 30-bus power system with both generator and large consumer bidding. (author)

Online social activity reflects economic status

Science.gov (United States)

Liu, Jin-Hu; Wang, Jun; Shao, Junming; Zhou, Tao

2016-09-01

To characterize economic development and diagnose the economic health condition, several popular indices such as gross domestic product (GDP), industrial structure and income growth are widely applied. However, computing these indices based on traditional economic census is usually costly and resources consuming, and more importantly, following a long time delay. In this paper, we analyzed nearly 200 million users' activities for four consecutive years in the largest social network (Sina Microblog) in China, aiming at exploring latent relationships between the online social activities and local economic status. Results indicate that online social activity has a strong correlation with local economic development and industrial structure, and more interestingly, allows revealing the macro-economic structure instantaneously with nearly no cost. Beyond, this work also provides a new venue to identify risky signal in local economic structure.

Scottish economic bulletin

International Nuclear Information System (INIS)

1993-01-01

The evidence of recovery in the United Kingdom (UK) economy, which had tentatively emerged in the second half of 1992, became stronger in the first half of this year. Examination of the components of total final demand shows that the UK has a longstanding preference to consume rather than to save and invest. Government policy in the 1990s will seek to create the conditions in which this balance can be altered. Given that consumer spending accounts for over half of final demand, the behaviour of the consumer remains a key determinant of the timing and strength of economic recovery. Data for the service sector in Scotland show that employment levels have held up much better than in Great Britain as a whole, although there is some evidence of the later impact of the recession on Scotland. The short-term prospects for the Scottish economy continue to be critically dependent on the export sector, given the depreciation of sterling since the suspension of exchange rate mechanism (ERM) membership, the fall in short-term UK interest rates and the continued improvement in relative manufacturing unit costs. The principal worry concerns the demand prospects in Scotland's major export markets, especially in Europe. Most independent economic forecasters expect that gross domestic product (GDP) growth in Scotland will be below that of the UK in 1993 and 1994. However, the unemployment rate is expected to remain lower in Scotland than in the UK over this period. (author)

Effective Teaching of Economics: A Constrained Optimization Problem?

Science.gov (United States)

Hultberg, Patrik T.; Calonge, David Santandreu

2017-01-01

One of the fundamental tenets of economics is that decisions are often the result of optimization problems subject to resource constraints. Consumers optimize utility, subject to constraints imposed by prices and income. As economics faculty, instructors attempt to maximize student learning while being constrained by their own and students'…

Monitoring consumer confidence in food safety: an exploratory study

NARCIS (Netherlands)

Jonge, de J.; Frewer, L.J.; Trijp, van J.C.M.; Renes, R.J.; Wit, de W.; Timmers, J.C.M.

2004-01-01

Abstract: In response to the potential for negative economic and societal effects resulting from a low level of consumer confidence in food safety, it is important to know how confidence is potentially influenced by external events. The aim of this article is to describe the development of a monitor

77 FR 24687 - Impact of Overdraft Programs on Consumers

Science.gov (United States)

2012-04-25

..., is extended. Responses must now be received on or before June 29, 2012. ADDRESSES: You may submit...' operating policies; The economics of overdraft programs; and Long-term impacts on Consumers. The comment... period allotted for comments received pursuant to the Overdraft Notice. The comment period will now close...

Obesity, social inequality and economic rationality

DEFF Research Database (Denmark)

Dam, Thea; Jensen, Jørgen Dejgård; Kærgård, Niels

2008-01-01

This paper reviews the economic literature related to obesity and consumer decisions, pursuing the overall question, whether the current obesity epidemic and its social bias can be viewed as a result of rational consumption behaviour. We address a number of potential explanations based on consumers......' utility maximisation behaviour, which all may contribute to explain the ongoing rise in obesity prevalence in many western countries. In addition to standard neoclassical explanations of obesity, we discuss moral hazard aspects, the role of network externalities, self-control problems and habitual...... behaviour. We include all of these aspects of the individual weight decision in a unified theoretical framework and present existing empirical evidence for each effect. Based on our analysis, we discuss the different economic explanations and give suggestions for future research....

Consumer behaviour and the environment: Which role for information?

DEFF Research Database (Denmark)

Thøgersen, John

My aim here is to present a broad-brush overview of some of the most important roles that information has been found to play as a tool for promoting environmentally responsible consumer behaviour. Because this workshop is organized by a network of economists, I will start with the importance...... of information for getting the full potential out of economic instruments. However, my main emphasis will be on the importance of information for creating and facilitating consumers' willing participation in solving environmental problems that are in some way related to their behaviour as consumers. Information...... may be even more important for furthering other important types of behaviour, such as voter behaviour or activist behaviour, but I won't discuss the specific issues about promoting these types of behaviour today....

Building a Sustainable Society: The Necessity to Change the Term 'Consumer'

Directory of Open Access Journals (Sweden)

Sabrina Chakori

2017-10-01

Full Text Available The profit-seeking system leads to many negative environmental impacts. Within this economic system, consumption reflects an important relationship between humans and nature. However, despite the growing international attention to environmental sustainability, our society does not necessarily acknowledge consumerism as the cause of global environmental degradation. Deconstructing the consumption culture and redefining what determines well-being, this paper will attempt to provide a comprehensive overview of the existing definition of people in the economic system. Many authors have defined our role in the economy; however, in terms of customer, citizen-consumer, and socially conscious consumer, most of the literature in this domain remains rooted in consumerism. Consumerism cannot be fixed with further consumerism; therefore this paper discusses the importance of reclaiming our identity and the need to define new terms for people in a new economic system. Any new terms should integrate interests and responsibilities that go beyond simple utility maximization. Moving beyond the term “consumer” will change our worldview. This cultural transformation may help facilitate long-term environmental sustainability.

Engineering and economic aspects of centalized heating from nuclear boilers

International Nuclear Information System (INIS)

Emel'yanov, I.Ya.; Baturov, B.B.; Korytnikov, V.P.; Koryakin, Yu.I.; Chernyaev, V.A.; Kovylyanskij, Ya.A.; Galaktionov, I.V.

1979-01-01

Some engineering and economic aspects for deployment of centralized nuclear boilers (NB) in the USSR are considered. Engineering, maintenance and economic features of NB as compared to organic-fuelled boilers and nuclear thermal power plants are discussed. Among major factors governing economic efficiency of NB underlined are oraganic fuel costs, reactor unit power, location relative to heat-consuming centres and capacity factor. It is concluded that NB can be economical for heating large consumers (more than 1500 G kal/hr). At the periphery NB can be competitive already at reactor unit power of several MWth. The development of HTGR type reactor-based nuclear-chemical boilers and lines for heat transport in a chemically bound state (e.g., CH 4 → H 2 +CO 2 +CO → CH 4 ) opens the way for a substantial breakthrow in the centralized NB efficiency

Behaviour of Millenial wine consumers in southern Serbia

Directory of Open Access Journals (Sweden)

Radovanović Vladimir

2017-01-01

Full Text Available Consumer behaviour when purchasing wine is the result of a complementary operation of the large number of different factors, which may include economic, geographic, social, psychological, and other. Discovering consumer preferences for wine and their buying behavior would allow the application of an appropriate marketing strategy to increase the sales of wine. Special attention was given to one of the most promising new demographic segments that likes to buy – Millennial generation. The main purpose of this research is to find out if the wine attributes of the Millennials are different from other generations in southern Serbia. Results of this research are shown that when choosing wine, the quality of wine has the biggest impact on consumers, rather than others wine attributes. The paper also asserts that, the wine industry should particularly focus on marketing to Millennial age group, as this segment has a high willingness to experiment.

Economic Assessment of FMDv Releases from the National Bio and Agro Defense Facility

Science.gov (United States)

Pendell, Dustin L.; Marsh, Thomas L.; Coble, Keith H.; Lusk, Jayson L.; Szmania, Sara C.

2015-01-01

This study evaluates the economic consequences of hypothetical foot-and-mouth disease releases from the future National Bio and Agro Defense Facility in Manhattan, Kansas. Using an economic framework that estimates the impacts to agricultural firms and consumers, quantifies costs to non-agricultural activities in the epidemiologically impacted region, and assesses costs of response to the government, we find the distribution of economic impacts to be very significant. Furthermore, agricultural firms and consumers bear most of the impacts followed by the government and the regional non-agricultural firms. PMID:26114546

Avoiding food waste by Romanian consumers

DEFF Research Database (Denmark)

Stefan, Violeta; van Herpen, Erica; Tudoran, Ana Alina

2013-01-01

of disapproval towards food waste, and perceived behavioural control on consumers’ self-reported food waste. Results show that consumers’ planning and shopping routines are important predictors of food waste. Planning and shopping routines are determined by moral attitudes towards food waste and perceived......Food waste is generated in immense amounts across the food life cycle, imposing serious environmental, social and economic consequences. Although consumers are the single biggest contributor to this volume, little is known about the drivers of food waste in households. This exploratory study aims...... to investigate the role of food choices and other food-related activities in producing food waste. A survey of 244 Romanian consumers examined the influence of intentions not to waste food, planning and shopping routines, as well as moral attitudes and lack of concern towards wasting food, a subjective norm...

Segmentation of Residential Gas Consumers Using Clustering Analysis

Directory of Open Access Journals (Sweden)

Marta P. Fernandes

2017-12-01

Full Text Available The growing environmental concerns and liberalization of energy markets have resulted in an increased competition between utilities and a strong focus on efficiency. To develop new energy efficiency measures and optimize operations, utilities seek new market-related insights and customer engagement strategies. This paper proposes a clustering-based methodology to define the segmentation of residential gas consumers. The segments of gas consumers are obtained through a detailed clustering analysis using smart metering data. Insights are derived from the segmentation, where the segments result from the clustering process and are characterized based on the consumption profiles, as well as according to information regarding consumers’ socio-economic and household key features. The study is based on a sample of approximately one thousand households over one year. The representative load profiles of consumers are essentially characterized by two evident consumption peaks, one in the morning and the other in the evening, and an off-peak consumption. Significant insights can be derived from this methodology regarding typical consumption curves of the different segments of consumers in the population. This knowledge can assist energy utilities and policy makers in the development of consumer engagement strategies, demand forecasting tools and in the design of more sophisticated tariff systems.

Consumer-driven health plans: latest challenge to practices' cash flow.

Science.gov (United States)

Hajny, Tom

2007-01-01

CDHPs are here to stay. Employers welcome CDHPs because they drive costs away from themselves and into the hands of both consumers and provides. The consumer will make medical purchase decisions tempered by personal economic considerations. The providers are left to figure it all out with the hope their cash flow, cost budgets, and customer service will not be negatively impacted. It will not be easy. Practices must become educated on how CDHPs work, become knowledgeable about specific HSA scenarios in their market, develop optimum processes and procedures, and train staff.

Quality of Life for the Aging: Home Economics' Role

Science.gov (United States)

Montgomery, James E.

1978-01-01

Stating that home economists are directly related to concerns of the aged, the author notes some major specializations in home economics and how they can offer help to old people: housing and equipment, family and interpersonal relations, food and nutrition, clothing, consumer economics, and home management. (MF)

Strategic interactions in environmental economics

NARCIS (Netherlands)

Heijnen, Pim

2007-01-01

This thesis deals with the strategic interactions important to environmental economics. That includes a wide range of topics: environmental groups influencing or informing consumers, the reaction to taxation by car and fuel producers, the spread of an innovative tax and binary public good games.

Economic hardship and suicide mortality in Finland, 1875-2010.

Science.gov (United States)

Korhonen, Marko; Puhakka, Mikko; Viren, Matti

2016-03-01

We investigate the determinants of suicide in Finland using annual data for consumption and suicides from 1860 to 2010. Instead of using some ad hoc measures of cyclical movements of the economy, we build our analysis on a more solid economic theory. A key feature is the habit persistence in preferences, which provides a way to measure individual well-being and predict suicide. We estimate time series of habit levels and develop an indicator (the hardship index) to describe the economic hardship of consumers. The higher the level of the index, the worse off consumers are. As a rational response to such a bad situation, some consumers might commit suicide. We employ the autoregressive distributed lags cointegration method and find that our index works well in explaining the long-term behavior of people committing suicide in Finland.

Environmental economics and the Baltic region

International Nuclear Information System (INIS)

Birk Mortensen, J.

1994-03-01

This volume originates from a workshop on Economics of the Environment held at the Institute of Economics, Copenhagen University, November 14-15, 1990 with participants from Lithuania, Estonia, Poland, Finland, Sweden and Denmark. The volume contains the papers presented at the workshop. In all the countries around the Baltic Sea there has been an increasing understainding of the importance of using the economic incentive approach to reach environmental goals. By changing the incentives an individual producer or consumer faces, the best private choice can be made to coincide with the best social choice. All the countries around the Baltic Sea have used direct regulation or command and control in environment regulation. Growing concern about environmental degradation, dissatisfaction with the command and control approach and the need to extend environmental regulation to sectors with a large number of small producers or consumers have increased attention to economic instruments in environmental policy. The Baltic sea is an almost coherent ecological system and there is a growing interest in addressing common environmental problems among the countries around the Baltic Sea. The recent political development offer new possibilites for cooperation in environmental policy. This is important because many environmental problems in the region require solutions involving several countries. (EG)

MODELLING OF TOURISM SERVICE DYNAMICS UNDER THE INFLUENCE OF ECONOMIC PATTERN OF SOCIETY

Directory of Open Access Journals (Sweden)

Lesya Buyak

2016-11-01

Full Text Available Tourism as a phenomenon of social life is a derivative of social development. Its appearance is attributed to the industrial stage of human development, which was inherent in the accelerated development of the productive forces, deepening division of labour, development of urbanization processes. Accelerated innovation changes related to scientific and technological progress contributed to the overall socio-economic development of certain countries, improve the living standards of their populations, changed the nature of work, method and way of life, especially evident in the XX century. Urbanization and changes in the settlement system, post-industrial phase of economic development, deepening comprehension of environmental issues and global dimension of humanity, humanization of all spheres of public life. The increase in tourist flows in all regions complicates the management of enterprises, schemes of partnership in the process in tourism, which, among other things, is accompanied by rising levels of consumer education, and therefore their quality requirements for end tourism product, the rapid increase in supply, there is a need to study the characteristics of consumer behaviour, search for existing reserves to build capacity of individual enterprises, isolation and effective use of effective methods and tools of influence on consumer choice of consumers. Development and implementation of an effective mechanism of formation of market supply needs an assessment of consumer behaviour on quantitative and qualitative indicators. The rapid development of tourism, of course, helps determine the types and methods of calculating these indicators. These problems and targeted research are considered in this article. The subject of research is the concept and tools of analysis, mathematical modelling of the economic structure of society in dynamic tourist services. Research methodology is economic and mathematical models, algorithms and processes

Economic analysis in support of broad scale land management strategies.

Science.gov (United States)

Richard. Haynes

2003-01-01

The US has a century of experience with the development of forest policies that have benefited from or been influenced by economic research activities in the forest sector. At the same time, increasing rigor in policy debates stimulated economics research. During the past four decades economic research has evolved to include increased understanding of consumer demands...

Patterns of Reinforcement and the Essential Value of Brands: II. Evaluation of a Model of Consumer Choice

Science.gov (United States)

Yan, Ji; Foxall, Gordon R.; Doyle, John R.

2012-01-01

We employ a behavioral-economic equation put forward by Hursh and Silberberg (2008) to explain human consumption behavior among substitutable food brands, applying a consumer-choice model--the behavioral perspective model (BPM; Foxall, 1990/2004, 2005). In this study, we apply the behavioral-economic equation to human economic consumption data. We…

Scientific-methodological approaches to designing risk-oriented model of control and surveillance activities in the sphere of consumer rights protection

Directory of Open Access Journals (Sweden)

N.V. Zaitseva

2017-06-01

Full Text Available We present scientific-methodological approaches to defining risk categories of economic entities which are subject to surveillance in the sphere of consumer rights protection. Risk is suggested to be assessed as a product of violations frequency comprising violations of separate provisions of the law on consumer rights protection detected in the course of scheduled and unscheduled inspections; a number of claims per one detected violation which were satisfied by courts in favor of consumers; each separate case of harm accepted by court in money terms (as a sum of physical and moral damage to health and damage to property; and coefficient of a potential impact scope which differentiates risks for economic entities belonging to micro-, small, medium-sized and large business. Our information sources are official statistic data obtained due to realization of state control in the sphere of consumer rights protection and court practice collected in all the RF regions over 2012–2016. It is shown that a share of economic entities with extremely high risk potential which can cause total material damage to consumers in sums greater than 10 million rubles per year amounts to about 0.15 % of the total number of economic entities (both juridical persons and private entrepreneurs; economic entities with high risk potential account for about 2 %. Such groups are made of companies involved in financial markets, share construction services, insurance and tourism. About 23 % of juridical persons and private entrepreneurs can be classified as having low risk potential and they can be excluded from scheduled inspections. Economic entities structure in general corresponds to world practices. It is shown that risk-oriented surveillance model development requires improvements in keeping registers of juridical persons and private entrepreneurs as such registers should contain comprehensive information; it is necessary for correct risk category (or hazard category

Neuromarketing and consumer neuroscience: contributions to neurology

Science.gov (United States)

2013-01-01

. Third, trust research in the medical context lacks empirical behavioral and neuroscientific evidence. Neurologists entering this field of research could profit from the extensive knowledge of the biological foundation of trust that scientists in economically-orientated neurosciences have gained. Fourth, neurologists could contribute significantly to the ethical debate about invasive methods in neuromarketing and consumer neuroscience. Further, neurologists should investigate biological and behavioral reactions of neurological patients to marketing and advertising measures, as they could show special consumer vulnerability and be subject to target marketing. PMID:23383650

Neuromarketing and consumer neuroscience: contributions to neurology.

Science.gov (United States)

Javor, Andrija; Koller, Monika; Lee, Nick; Chamberlain, Laura; Ransmayr, Gerhard

2013-02-06

empirical behavioral and neuroscientific evidence. Neurologists entering this field of research could profit from the extensive knowledge of the biological foundation of trust that scientists in economically-orientated neurosciences have gained.Fourth, neurologists could contribute significantly to the ethical debate about invasive methods in neuromarketing and consumer neuroscience. Further, neurologists should investigate biological and behavioral reactions of neurological patients to marketing and advertising measures, as they could show special consumer vulnerability and be subject to target marketing.

Consumer-Related Food Waste: Causes and Potential for Action

Directory of Open Access Journals (Sweden)

Jessica Aschemann-Witzel

2015-05-01

Full Text Available In the past decade, food waste has received increased attention on both academic and societal levels. As a cause of negative economic, environmental and social effects, food waste is considered to be one of the sustainability issues that needs to be addressed. In developed countries, consumers are one of the biggest sources of food waste. To successfully reduce consumer-related food waste, it is necessary to have a clear understanding of the factors influencing food waste-related consumer perceptions and behaviors. The present paper presents the results of a literature review and expert interviews on factors causing consumer-related food waste in households and supply chains. Results show that consumers’ motivation to avoid food waste, their management skills of food provisioning and food handling and their trade-offs between priorities have an extensive influence on their food waste behaviors. We identify actions that governments, societal stakeholders and retailers can undertake to reduce consumer-related food waste, highlighting that synergistic actions between all parties are most promising. Further research should focus on exploring specific food waste contexts and interactions more in-depth. Experiments and interventions in particular can contribute to a shift from analysis to solutions.

Exploring the Future of Home Economics.

Science.gov (United States)

Henderson, Carter

1980-01-01

The direction home economists are taking toward the future is examined from the standpoints of the role of homemaker, the consumer culture, the part that media plays, advertising, economics, lifestyles, medical care, skill development, and community life. (CT)

Online Consumer Ethnocentrism of Danish Consumers

DEFF Research Database (Denmark)

Bujac, Andreea Ioana

2017-01-01

No doubt that consumer ethnocentrism is an important phenomenon in international marketing. However, not much attention has been paid to consumer ethnocentrism in an online context. The current study aims to fill in this gap. Specifically, the ethnocentric tendency of Danish online consumers...

The Economics of Pricing and Customer Decision-Making. Research Notes.

Science.gov (United States)

Jordan, Debra J.

1996-01-01

Reviews two research articles. Gratton and Taylor, using economic analysis and market research, found that consumers of leisure experiences complained about price increases, but continued consuming. They recommend discounts for those in need and price increases focusing on service quality. Greenleaf and Lehmann identified 11 reasons why people…

A consumer perspective of the South African red meat classification ...

African Journals Online (AJOL)

South African Journal of Animal Science ... The South African consumer market is characterised by socio-economic and ... the red meat knowledge, usage and perceptions regarding beef and sheep meat ... The paper also briefly reports on an in-store 'observational' research project that was ... AJOL African Journals Online.

Enacting Green Consumers: The Case of the Scandinavian Preppies

Directory of Open Access Journals (Sweden)

Christian Fuentes

2014-10-01

Full Text Available The aim of this paper is to develop and illustrate an analytic approach that brings the active making and makings of green consumer images to the fore. Efforts to "know" the green consumers have generated multiple representations. Enactments of the green consumer are not innocent but also play a role in shaping how we understand and approach sustainable consumption. Because of this it is important to examine and critically discuss how green consumers are enacted today. This paper develops an approach that allows us to examine how green consumers are enacted and discuss the consequences these constructions might have for sustainability. Theoretically, a performativity approach drawing on theories from Science and Technology Studies (STS and economic sociology is used to discuss the enactment of green consumers. Empirically, focus is on Boomerang � a Swedish fashion retailer, brand, and producer � and its marketing practices. The analysis shows how the marketing work of the Boomerang Company leads to the enactment of the Green Scandinavian Preppy. This specific version of the green consumer is a combination of the knowledgeable green connoisseur - a consumer that knows quality when he/she sees it - and the green hedonist in search of the good life. The Green Scandinavian Preppy wants to enjoy nature, go sailing, and do so wearing fashionable quality clothes. This is a consumer that knows quality, appreciates design, and has the means to pay for both. While this is a version of the green consumer that might be appealing and thus have the potential to pro-mote a version of green consumption, it is also a green consumer image that has lost much of its political power as green consumption is framed as simply another source of pleasure and identity-making.

Economic MPC for a linear stochastic system of energy units

DEFF Research Database (Denmark)

Jørgensen, John Bagterp; Sokoler, Leo Emil; Standardi, Laura

2016-01-01

This paper summarizes comprehensively the work in four recent PhD theses from the Technical University of Denmark related to Economic MPC of future power systems. Future power systems will consist of a large number of decentralized power producers and a large number of controllable power consumers...... in addition to stochastic power producers such as wind turbines and solar power plants. Control of such large scale systems requires new control algorithms. In this paper, we formulate the control of such a system as an Economic Model Predictive Control (MPC) problem. When the power producers and controllable...... power consumers have linear dynamics, the Economic MPC may be expressed as a linear program. We provide linear models for a number of energy units in an energy system, formulate an Economic MPC for coordination of such a system. We indicate how advances in computational MPC makes the solutions...

Approaches that Affect Consumer-Based Brand Equity

Directory of Open Access Journals (Sweden)

Denise Santos de Oliveira

2017-08-01

Full Text Available Current studies on factors affecting the dimensions of consumer-based brand equity have been dispersed, applicable to specific contexts and not systematized in the literature. So, the purpose of this paper is to identify and categorize factors that create, increase or decrease each of the consumer-based brand equity dimensions: brand associations, brand awareness, perceived quality and brand loyalty. The extensive analysis of literature shows that there are significant differences between factors affecting each of the brand equity dimensions. Factors that positively affect one dimension cannot have the same effect on another. Moreover, it notes that the effect of such factors is variations when analyzed in different sectors and economic contexts. The main contribution of this research lies in the fact that it provides a research panorama already conducted on factors affecting the dimensions of consumer-based brand equity, indicating a potential for development of future studies. This research also enriches the literature categorizing the factors identified in the literature in four sets that allow the future targeting studies.

CONSUMER PREFERENCES AND DRIVERS OF CHOICE REGARDING LOCAL RECREATION SERVICES

Directory of Open Access Journals (Sweden)

Ana-Maria SAVA

2016-06-01

Full Text Available In recent years, the rapidly growing industry of leisure has displayed some signs of overcrowding on account of the diminished capacities of turning employed resources into profit and the lowered personnel productivity in Romania. Economic agents striving to succeed in this rapidly evolving economic sector should reconsider their position and plan a strategy to grow or reinforce their business. The present paper provides a starting point in outlying the local recreation market specificity by investigating consumer preferences and drivers of choice. Results show that although there is an active demand for commercial recreational activities, its quantum is rather low. Moreover, the study shows that service-related factors (such as quality, personnel qualification, price and novelty appear to have the highest importance for consumers, that positive word of mouth is a rather strong influencer, while advertising and location-related factors rank lowest on the list of priorities when choosing a recreation provider.

Consumer boycotts of foreign products: a metric model

Directory of Open Access Journals (Sweden)

Murat Hakan Altintas

2013-06-01

Full Text Available Even if reactions to foreign goods are measured by means of various conceptual structures, few studies approach the question from the point of view of boycotts. Responding to this scarcity and with the aid of netnography, this study examines antecedents of consumer boycotts of foreign goods. The study considers the degree to what a measurement model is useful for examining this boycott process. When the study examines the boycotting of foreign goods as an individual or social process, the study examines the phenomena of nationalism, xenophobia, country-of-origin, and ethnocentrism as antecedents. The conversion of the dimensions obtained from discourse analysis into items and that were tested by means of exploratory and confirmatory factor analysis lead to two discoveries: 1 three basic dimensions – hate against foreign products, citizen consumers and economic independence - influenced decisions to boycott and 2 the second-order model (all constructs load on one construct as consumer boycotting was more valid than the three first-order models.

Quality control of the documentation process in electronic economic activities

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Krutova A.S.

2017-06-01

Full Text Available It is proved that the main tool that will provide adequate information resources e economic activities of social and economic relations are documenting quality control processes as the basis of global information space. Directions problems as formation evaluation information resources in the process of documentation, namely development tools assess the efficiency of the system components – qualitative assessment; development of mathematical modeling tools – quantitative evaluation. A qualitative assessment of electronic documentation of economic activity through exercise performance, efficiency of communication; document management efficiency; effectiveness of flow control operations; relationship management effectiveness. The concept of quality control process documents electronically economic activity to components which include: the level of workflow; forms adequacy of information; consumer quality documents; quality attributes; type of income data; condition monitoring systems; organizational level process documentation; attributes of quality, performance quality consumer; type of management system; type of income data; condition monitoring systems. Grounded components of the control system electronic document subjects of economic activity. Detected components IT-audit management system economic activity: compliance audit; audit of internal control; detailed multilevel analysis; corporate risk assessment methodology. The stages and methods of processing electronic transactions economic activity during condition monitoring of electronic economic activity.

Consumer perception of sustainability attributes in organic and local food.

Science.gov (United States)

Annunziata, Azzurra; Angela, Mariani

2017-12-14

Although sustainable food consumption is gaining growing importance on the international agenda, research on this subject is still quite fragmented and most studies analyse single aspects of sustainable food consumption with particular reference to environmental sustainability. In addition, the literature highlights the need to take account of the strong heterogeneity of consumers in studying sustainable behaviour. Identifying consumer segments with common profiles, needs and values is essential for developing effective communication strategies to promote sustainability in food consumption. Consumer segmentation based on the perception of the sustainability attributes of organic and local products was realized using descriptive data collected through a consumer online survey in southern Italy (Campania). K-means cluster analysis was performed to identify different consumer segments based on consumer perception of sustainable attributes in organic and local food. Results confirm the support of consumers for organic and local food as sustainable alternative in food choices even if occasional buying behaviour of these products still predominates. In addition, our results show that an egoistic approach prevails among consumers, who seem to attach more value to attributes related to quality and health than to environmental, social and economic sustainability. Segmentation proves the existence of three consumer segments that differ significantly in terms of perception of sustainability attributes: a large segment of individuals who seem more egocentric oriented, an environmental sustainability oriented segment and a small segment that includes sustainability oriented consumers. The existence of different levels of sensitivity to sustainability attributes in organic and local food among the identified segments could be duly considered by policy makers and other institutions in promoting sustainable consumption patterns. Consumers in the first cluster could be educated

Economical stabilized scintillation detector

International Nuclear Information System (INIS)

Anshakov, O.M.; Chudakov, V.A.; Gurinovich, V.I.

1983-01-01

An economical scintillation detector with the stabilization system of an integral type is described. Power consumed by the photomultiplier high-voltage power source is 40 mW, energy resolution is not worse than 9%. The given detector is used in a reference detector of a digital radioisotope densimeter for light media which is successfully operating for several years

Consumer Acceptance and Willingness to Pay for Genetically Modified Rice in China

OpenAIRE

Jin, Jing; Wailes, Eric; Dixon, Bruce; Nayga, Rodolfo M. Jr.; Zheng, Zhihao

2014-01-01

Over the past decade public perception of GM food in China has become increasingly contentious. Concerns have emerged with regard to public health, environmental safety, and economic impacts. This paper utilizes a survey conducted in 2013 to evaluate China’s urban consumers’ acceptance and willingness to pay (WTP) for genetically modified rice. The survey was conducted in thirteen of the main rice consuming provinces of China. Responses from 994 consumers are used to estimate WTP for GM rice ...

UNDERSTANDING CONSUMER BEHAVIOUR AND IMPACT OF INTEGRATED MARKETING COMMUNICATION ON DECISION MAKING

OpenAIRE

Dr. Priyanka Rawal; Dr. Shekhar Upadhayay

2017-01-01

In a competitive economic system, companies can survive and develop if they are aware of the most accurate and detailed information about consumers. The concept of modern marketing highlights the need for having detailed information about the consumer needs, their motives, attitude and lifestyle. In the modern era it is almost a universally accepted idea that the main rationale of marketing is not about finding and persuading people to buy what a company produces, instead it aims in satisfyin...

New energy storage systems for photovoltaic supplied consumer products

International Nuclear Information System (INIS)

Burges, K.; Blok, K.

1993-12-01

In a previous study attention was paid to the possibility of reducing battery wastes in the Netherlands by means of integration of photovoltaic (PV) cells in small, electric consumer products. The result of that study was that only two environment-friendly applications could be used: capacitors in calculators or watches. However, new types of energy storage systems have been developed and commercialized, so that the above-mentioned study is updated. First, the technical, economic and environmental parameters of several energy storage systems are compared. Next, a number of products, in which PV-cells can be integrated, has been selected and the economic and environmental effects are calculated and analyzed. The energy storage systems discussed are primary alkaline batteries, NiCd batteries, Ni-Metal-Hydride (NiMH) batteries, Li-Solid-State (LiSS) batteries, and capacitors. It is estimated that by means of the proposed integration of PV-cells in specific consumer products the amount of battery wastes can be reduced by 50%. 33 tabs., 1 appendix, 50 refs

Narcissism and consumer behaviour: a review and preliminary findings

Science.gov (United States)

Cisek, Sylwia Z.; Sedikides, Constantine; Hart, Claire M.; Godwin, Hayward J.; Benson, Valerie; Liversedge, Simon P.

2014-01-01

We review the literature on the relation between narcissism and consumer behavior. Consumer behavior is sometimes guided by self-related motives (e.g., self-enhancement) rather than by rational economic considerations. Narcissism is a case in point. This personality trait reflects a self-centered, self-aggrandizing, dominant, and manipulative orientation. Narcissists are characterized by exhibitionism and vanity, and they see themselves as superior and entitled. To validate their grandiose self-image, narcissists purchase high-prestige products (i.e., luxurious, exclusive, flashy), show greater interest in the symbolic than utilitarian value of products, and distinguish themselves positively from others via their materialistic possessions. Our review lays the foundation for a novel methodological approach in which we explore how narcissism influences eye movement behavior during consumer decision-making. We conclude with a description of our experimental paradigm and report preliminary results. Our findings will provide insight into the mechanisms underlying narcissists’ conspicuous purchases. They will also likely have implications for theories of personality, consumer behavior, marketing, advertising, and visual cognition. PMID:24711797

Narcissism and consumer behaviour: a review and preliminary findings.

Science.gov (United States)

Cisek, Sylwia Z; Sedikides, Constantine; Hart, Claire M; Godwin, Hayward J; Benson, Valerie; Liversedge, Simon P

2014-01-01

We review the literature on the relation between narcissism and consumer behavior. Consumer behavior is sometimes guided by self-related motives (e.g., self-enhancement) rather than by rational economic considerations. Narcissism is a case in point. This personality trait reflects a self-centered, self-aggrandizing, dominant, and manipulative orientation. Narcissists are characterized by exhibitionism and vanity, and they see themselves as superior and entitled. To validate their grandiose self-image, narcissists purchase high-prestige products (i.e., luxurious, exclusive, flashy), show greater interest in the symbolic than utilitarian value of products, and distinguish themselves positively from others via their materialistic possessions. Our review lays the foundation for a novel methodological approach in which we explore how narcissism influences eye movement behavior during consumer decision-making. We conclude with a description of our experimental paradigm and report preliminary results. Our findings will provide insight into the mechanisms underlying narcissists' conspicuous purchases. They will also likely have implications for theories of personality, consumer behavior, marketing, advertising, and visual cognition.

Narcissism and Consumer Behaviour: A Review and Preliminary Findings

Directory of Open Access Journals (Sweden)

Sylwia Z Cisek

2014-03-01

Full Text Available We review the literature on the relation between narcissism and consumer behaviour. Consumer behaviour is sometimes guided by self-related motives (e.g., self-enhancement rather than by rational economic considerations. Narcissism is a case in point. This personality trait reflects a self-centred, self-aggrandizing, dominant, and manipulative orientation. Narcissists are characterised by exhibitionism and vanity, and they see themselves as superior and entitled. To validate their grandiose self-image, narcissists purchase high-prestige products (i.e., luxurious, exclusive, flashy, show greater interest in the symbolic than utilitarian value of products, and distinguish themselves positively from others via their materialistic possessions. Our review lays the foundation for a novel methodological approach in which we explore how narcissism influences eye movement behaviour during consumer decision-making. We conclude with a description of our experimental paradigm and report preliminary results. Our findings will provide insight into the mechanisms underlying narcissists’ conspicuous purchases. They will also likely have implications for theories of personality, consumer behaviour, marketing, advertising, and visual cognition.

Australian Consumers' Awareness and Acceptance of Insects as Food.

Science.gov (United States)

Wilkinson, Kerry; Muhlhausler, Beverly; Motley, Crystal; Crump, Anna; Bray, Heather; Ankeny, Rachel

2018-04-19

Insects have long been consumed as part of the diets of many Asian, African, and South American cultures. However, despite international agencies such as the Food and Agriculture Organization of the United Nations advocating the nutritional, environmental, and economic benefits of entomophagy, attitudinal barriers persist in Western societies. In Australia, the indigenous ‘bush tucker’ diet comprising witchetty grubs, honey ants, and Bogong moths is quite well known; however, in most Australian locales, the consumption of insects tends to occur only as a novelty. Therefore, this study aimed to investigate the awareness and acceptance of insects as food. An online survey of 820 consumers found that 68% of participants had heard of entomophagy, but only 21% had previously eaten insects; witchetty grubs, ants, grasshoppers, and crickets were the most commonly tasted insects. Taste, appearance, safety, and quality were identified as the factors that were most likely to influence consumer willingness to try eating insects, but consumer attitudes towards entomophagy were underpinned by both food neophobia (i.e., reluctance to eat new or novel foods) and prior consumption of insects. Neophobic consumers were far less accepting of entomophagy than neophilic consumers, while consumers who had previously eaten insects were most accepting of insects as food. Incorporating insects into familiar products (e.g., biscuits) or cooked meals also improved their appeal. Collectively, these findings can be used by the food industry to devise production and/or marketing strategies that overcome barriers to insect consumption in Australia.

Incorporating transportation network modeling tools within transportation economic impact studies of disasters

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Yi Wen

2014-08-01

Full Text Available Transportation system disruption due to a disaster results in "ripple effects" throughout the entire transportation system of a metropolitan region. Many researchers have focused on the economic costs of transportation system disruptions in transportation-related industries, specifïcally within commerce and logistics, in the assessment of the regional economic costs. However, the foundation of an assessment of the regional economic costs of a disaster needs to include the evaluation of consumer surplus in addition to the direct cost for reconstruction of the regional transportation system. The objective of this study is to propose a method to estimate the regional consumer surplus based on indirect economic costs of a disaster on intermodal transportation systems in the context of diverting vehicles and trains. The computational methods used to assess the regional indirect economic costs sustained by the highway and railroad system can utilize readily available state departments of transportation (DOTs and metropolitan planning organizations (MPOs traffic models allowing prioritization of regional recovery plans after a disaster and strengthening of infrastructure before a disaster. Hurricane Katrina is one of the most devastating hurricanes in the history of the United States. Due to the significance of Hurricane Katrina, a case study is presented to evaluate consumer surplus in the Gulf Coast Region of Mississippi. Results from the case study indicate the costs of rerouting and congestion delays in the regional highway system and the rent costs of right-of-way in the regional railroad system are major factors of the indirect costs in the consumer surplus.

Farm Animal Welfare Influences on Markets and Consumer Attitudes in Latin America

DEFF Research Database (Denmark)

Vargas-Bello-Pérez, Einar; Miranda-de la Lama, Genaro C.; Teixeira, Dayane Lemos

2017-01-01

In recent years, animal welfare has become an important element of sustainable production that has evolved along with the transformation of animal production systems. Consumer attitudes towards farm animal welfare are changing around the world, especially at emerging markets of Asia, Africa...... and Latin America. Survey-based research on consumer attitudes towards farm animal welfare has increased. However, the geographical coverage of studies on consumer attitudes and perceptions about farm animal welfare has mostly been limited to Europe, and North America. Until now, Latin American consumers......’ attitudes towards animal welfare have not been well studied. Despite the fact that Mexico, Chile and Brazil belong to the same region (according to international organizations), there are marked differences between these countries in terms of their economical and geographical characteristics among other...

Tariffing of energy measured consumers in the distribution network; Tariffering av energimaalte kunder i distribusjonsnettet

Energy Technology Data Exchange (ETDEWEB)

NONE

2006-12-20

Criteria for socio-economic effective tariffing of energy-measured clients in the distribution network are discussed (i.e. households, leisure homes and smaller business clients), this means consumers that do not have hourly measurements or effect measurements. The tariffs should be based on variable segments that reflect short-term marginal costs in the network (in practice loss of transfer) and fixed segments that to the least extent possible influence the consumers' decisions in the choice of energy solutions, both in short term and long term. High-priced energy segments and effect based fixed segments may give unfortunate socio-economic price signals compared to the marginal long-term network costs. A fixed segment per measurement unit is in principle completely neutral, but it is to some extent vulnerable to strategic adjustments if the consumers choose collective measurement. This is not necessarily a big problem in practice (author)

SELECTING ANGORA GOATS TO CONSUME MORE JUNIPER

Directory of Open Access Journals (Sweden)

Christopher John Lupton

2009-02-01

Full Text Available This research project was initiated in 2003 to develop a more effective tool for biological management of invading juniper species on rangelands through herbivory by Angora goats.  After we had established that juniper consumption in free-ranging goats has a genetic component (heritability = 13%, male and female goats were bred selectively for above- (high and below-average (low juniper consumption that was estimated by fecal near-infrared reflectance spectroscopy. Divergent lines are being produced to facilitate the identification of physiological mechanisms that permit some goats to consume considerably more juniper than others as a regular component of their diet.  Because diet is known to affect growth and fiber production, another objective of the project is to establish the effects of the selection protocol on body weights, fleece weights, and fiber characteristics.  Mature females (age > 1.5 yr and kids were maintained on rangeland and shorn twice a year.  Extreme high- and low-consuming yearling males (10 of each per year were evaluated annually in a central performance test.  The selection protocol resulted in average EBV for percentage juniper consumption of 3.9 and -0.4 (P 0.1 in body weight, mohair production and properties between high and low consumers.  However, the adult data for the extreme males indicated that high consuming males have lower body weights than low consumers (53.8 vs. 57.9 kg, P = 0.01. Differences in body weight and several mohair production and quality traits have also been detected in the mature females but at this early stage of the selection program, no substantial differences have been observed and certainly none that would have an economic impact for producers.  Ultimately, we expect to demonstrate that the high-consuming line controls juniper more effectively than either the low-consuming line or unselected Angora goats.  Subsequently, we plan to release high juniper-consuming

Eco-thermodynamics. Economics and the second law

International Nuclear Information System (INIS)

Ayres, Robert U.

1998-01-01

The laws of physics, especially the first and second laws of thermodynamics, have significant implications for economic theory. The major implications of the First Law (conservation of mass/energy) are straightforward and have been discussed at length elsewhere. In brief, raw material inputs to economic processes are not 'consumed'. Having been extracted from the environment in the first place, they eventually return to the environment as wastes. The economic implications of the Second Law (entropy law) are far more subtle. There is considerable literature, initiated by the work of Georgescu-Roegen, on the supposed constraints on economic growth imposed by the fact that economic processes utilize 'low-entropy' raw materials (fossil fuels and high grade metal ores) and discard 'high entropy' wastes. However, as a practical matter the flux of available low-entropy energy (exergy) from the sun is extremely large and certainly adequate to sustain economic activity in the solar system indefinitely, even though fossil fuel and metal ore stocks may eventually be exhausted. It is argued in this paper that the real economic significance of the Second Law lies in the fact that exergy is: (1) not conserved; and (2) is a useful common measure of resource quality, as well as quantity, applicable to both materials and energy. Thus, exergy can be used to measure and compare resource inputs and outputs, including wastes and losses. This is potentially important in itself. Moreover, since exergy is not conserved it is truly consumed (i.e. used up) in economic processes. Hence, exergy is no less a 'factor of production' than labor or capital. This fact has strong implications for economic growth theory, especially with regard to assessing the role of technical progress

Design of sustainable food chains: Measuring consumers' willingness-to-pay through the performance of experimental auctions

DEFF Research Database (Denmark)

Costa, Ana I.A.

Today's EU animal production systems face a major challenge. On one hand, they must deal with society's demand for production strategies that are safer, more environmental-friendly and ensure better animal welfare. On the other hand, they have to address food suppliers' aspirations for economic....... Moreover, the ability to quantify consumers' willingness-to-pay for new, ethically-improved foods is vital for the economic sustainability of the animal production sector, as well as for the generation of addedvalue products. This abstract presents the outcome of a pilot study of Dutch consumers...... conducted previously3,4. The type of auction employed was the second-price, sealed bid auction. The results obtained give some indication that Dutch consumers' might be willing to pay more for ethical benefits, namely those perceived to be associated with safety. Nevertheless, our findings also indicate...

THE CONCEPT OF REFLEXIVE MANAGEMENT OF CONSUMER DEMAND

Directory of Open Access Journals (Sweden)

Maryna Mavrina

2017-11-01

Full Text Available Development of theoretical approaches of demand management is conducted from the moment of awareness of the importance of this concept. Many models of individual consumers were developed. However, to predict the reaction of consumers to the commercial policy of the enterprise, exact methods do not exist yet because the available ones are mostly empirical in nature. Models of behaviour often do not provide the expected result because they use an erroneous approach to the analysis of the mechanism of demand formation. The subject of the research is the theoretical and methodological basis, methods of assessment, and reflexive management of consumer demand of commercial enterprises. The purpose of the paper is developing a concept of reflexive management of consumer demand. To achieve the research goal, the following tasks are set and solved: to substantiate the theoretical and methodological foundations of reflexive consumer management, to analyse existing approaches to the modelling of consumer behaviour; to improve the model of consumer behaviour; to develop a concept of reflexive management of consumer behaviour. Methodology. In the paper, we use such methods and approaches to research as: reflexive approach (phenomenological method, behavioural economic theory, marketing approach, abstract-logical analysis, analysis of theoretical approaches to the modelling of consumer behaviour. Results. Modern approaches to modelling of consumer behaviour are mostly empirical in nature and have shortcomings of general models. In them, there is no description of specific situations of the purchase of goods. They cannot be quantified. Therefore, they cannot be practical models. But they have a weighty advantage in a comprehensive look at motivated purchases, what makes it possible to evaluate the relevance of individual variables and to understand the fundamental processes of consumer behaviour. It makes possible to identify the variables necessary for the

CONSUMER BEHAVIOR

Directory of Open Access Journals (Sweden)

Ilie BUDICA

2010-03-01

Full Text Available The study of consumers helps firms and organizations improve their marketing strategies by understanding issues such as: the psychology of how consumers think, feel, reason, and select between different alternatives; the psychology of how the consumer is influenced by his or her environment; the behavior of consumers while shopping or making other marketing decisions; limitations in consumer knowledge or information processing abilities influence decisions and marketing outcome; how consumer motivation and decision strategies differ between products that differ in their level of importance or interest that they entail for the consumer; and how marketers can adapt and improve their marketing campaigns and marketing strategies to more effectively reach the consumer.

THE COPRODUCTION BETWEEN PRODUCER AND CONSUMER AS PART OF THE EXPERIENCE ECONOMY

Directory of Open Access Journals (Sweden)

BARABAȘ MARIA

2015-12-01

Full Text Available Traditional economic literature is based on the model that separate producer of consumer, considering that, while the producer creates the value, the consumer damage it during the use. There is, however, a new trend that I approach, too, in this work, which perceives consumer in another aspect, that of co-producer. The main purpose of the paper is to examine if, via co-production with the consumer, the companies register costs’ decreases and thereby increases in sales volume. For this, I compared the estimated expenditure of a specific agricultural firm moving to coproduction with the consumer, on the one hand, and data that reflects the results of the company if it does not engages in co-production, on the other hand . I also brought up the case of Swedish company Ikea , which represents a proof that the consumers’ interest grows if he participate in certain stages of production. Based on these data , I surprised the idea that by the effect of prices’ decrease, the co-production between producer and consumer leads to increasing the sales volume of the company and also its performance. The co-production between producer and consumer is a phrase which seeks yet for an identity. The growth and diversity of consumtion is closely linked of certain favorable conditions, such as the development of the New Economy and the unprecedented gain in the informational means of communication. Developed in the 90’s, the World Wide Web technology , the e-mail and the social networks have led to significant exchanges of information, impressions and feedback from consumers. At the same time they have created, for producers, the opportunity to make themselves known in a quick and economical way, to make known their products, to sell goods or services, no matter where in the world. In less than a minute, one can see the goods offered by a company and as fast, can purchase an item or make a financial transaction. Electronic commerce is based on processing and

Mobile Phone and Internet Consumers Rights Compliance in Romania

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Viorela Iacovoiu

2014-05-01

Full Text Available This study highlights the extent to which rights of mobile phone and internet consumers are respected by the most important operators in Romania, namely Orange, Vodafone and Cosmote, in the context of accelerated technological changes on a highly competitive market. The research is focused on the analysis of regulations and contractual grievance procedures, number, distribution and motivation of consumer complaints, administrative quality indicators of data services and main consumer complaints. Among the documents under analysis we can mention contractual agreements, applicable procedures, as well as relevant empirical data provided by NAPC, NAMRC, economic operators and a site for online complaints, namely ReclamatieOnline.ro. The analyses emphasize that consumer complaints are mainly due to problems arising from contracts with service providers, billing services and defects of electronic terminals under warranty. The main cause for all this is the insufficient information users are provided with and, therefore, consumers’ decreased ability in the decision making process involved in the purchase of mobile technology and internet services. To better inform consumers, at the end of the study we propose a series of measures that could be adopted by mobile and internet service providers and regulatory, supervision and control institutions, as well as future directions of research in the field.

Effects of the Republic of Serbia’s citizens’ patriotism and animosity towards the European union on consumer ethnocentrism

Directory of Open Access Journals (Sweden)

Veljko Marinkovic

2017-05-01

Full Text Available Economic, political and militaristic tensions between countries are present throughout the world. The devastating effects of the global financial crisis are still generating the ever-increasing instability of the world economy. Patriotism and nationalism, as well as animosity towards the economic and military policies of certain foreign countries, seem to be on the rise across many countries and nations in recent years. It is precisely the current situation in the world that is favorable for encouraging citizens to purchase domestic products. The policy can be particularly useful for less-developed import-oriented economies. Thus, in the conditions of the economic crisis, the study of consumer ethnocentrism is gaining in importance. The paper examines the effects of the patriotism of the citizens of the Republic of Serbia and animosity towards the EU on consumer ethnocentrism. The results show that both these variables stand out as the statistically significant antecedents of consumer ethnocentrism; however, it should be noticed that patriotism shows a stronger influence on the consumer’s orientation towards buying domestic products. The research findings indicate that love of one’s country may direct consumer choices towards domestic brands, despite the positive image and high quality of foreign ones. In addition, due to citizens’ strong dislike towards the EU economic policy, some of them may decide to buy lower-quality domestic products; however, this does not necessarily negatively affect one’s perception of foreign products.

Pork Preference for Consumers in China, Japan and South Korea

Directory of Open Access Journals (Sweden)

S.-H. Oh

2012-01-01

Full Text Available Competition in global pork markets has increased as trade barriers have opened as a result of free trade agreements. Japanese prefer both loin and Boston butt, while Chinese prefer pork offal. Frozen pork has increased in terms of imports into China. Japanese consumers consider pork meat origin along with pork price when making purchase decisions. While the Chinese prefer a strong tasting pork product, South Korean consumers show very strong preferences to pork that is higher in fat. Therefore, South Korean consumers have a higher demand for pork belly and Boston butt. Consequently, the supply and demand of pork in Korea is hardly met, which means that importation of high fat parts is inevitable. In Korea there is lower preference toward low fat parts such as loin, picnic shoulder, and ham. During the economic depression in South Korea there have been observable changes in consumer preferences. There remains steep competition among the pork exporting countries in terms of gaining share in the international pork market. If specific consumer preferences would be considered carefully, there is the possibility to increase the amount of pork exported to these countries.

Pork Preference for Consumers in China, Japan and South Korea

Science.gov (United States)

Oh, S.-H.; See, M. T.

2012-01-01

Competition in global pork markets has increased as trade barriers have opened as a result of free trade agreements. Japanese prefer both loin and Boston butt, while Chinese prefer pork offal. Frozen pork has increased in terms of imports into China. Japanese consumers consider pork meat origin along with pork price when making purchase decisions. While the Chinese prefer a strong tasting pork product, South Korean consumers show very strong preferences to pork that is higher in fat. Therefore, South Korean consumers have a higher demand for pork belly and Boston butt. Consequently, the supply and demand of pork in Korea is hardly met, which means that importation of high fat parts is inevitable. In Korea there is lower preference toward low fat parts such as loin, picnic shoulder, and ham. During the economic depression in South Korea there have been observable changes in consumer preferences. There remains steep competition among the pork exporting countries in terms of gaining share in the international pork market. If specific consumer preferences would be considered carefully, there is the possibility to increase the amount of pork exported to these countries. PMID:25049488

Motives for food choice among Serbian consumers

OpenAIRE

Gagić Snježana; Jovičić Ana; Tešanović Dragan; Kalenjuk Bojana

2014-01-01

People's motives for food choice depend on a number of very complex economic, social and individual factors. A Food Choice Questionnaire (FCQ), an instrument that measures the importance of factors underlying food choice, was used to reveal the Serbian consumers' food choice motives by survey of 450 respondents of different age groups. A confirmatory factor analysis was conducted on the motive items, using 11 factors. Previous research shows that the nutrition in Serbia is not balanced enough,...

Consumer demand : e-commerce or traditional technologies

OpenAIRE

Burinskienė, Aurelija; Burinskas, Arūnas

2012-01-01

The application of e-commerce technologies is associated with more efficient purchasing system. The research combines both: the application of e-commerce technologies by consumers and economic efficiency of such application. The research is aimed to propose profile, which can be used to identify cases when it is worth enough to choose e-commerce technologies instead of traditional ones. The paper presents new cash-flow model, which can be applied to evaluate efficiency when e-commerce technol...

Attitudes of Chinese consumers towards retail formats

OpenAIRE

Staack, Tosten; Schramm, Matthias; Spiller, Achim

2006-01-01

The Chinese consumer goods market is widely considered to be one of the economic hot spots of the world. China seems to be the market with the largest growth potential within the next decade. Multina - tional retail companies, for example, Wal-Mart, Metro and Carrefour have made large investments to open up this new market. However, parallel to the positive aspects of the market development, foreign retail companies entering the market encounter numerous risks and difficulties. Whereas questi...

Recreation economics to inform migratory species conservation: Case study of the northern pintail

Science.gov (United States)

Mattsson, Brady J.; Dubovsky, James A.; Thogmartin, Wayne E.; Bagstad, Kenneth J.; Goldstein, Joshua H.; Loomis, John B.; Diffendorfer, James E.; Semmens, Darius J.; Wiederholt, Ruscena; Lopez-Hoffman, Laura

2018-01-01

Quantification of the economic value provided by migratory species can aid in targeting management efforts and funding to locations yielding the greatest benefits to society and species conservation. Here we illustrate a key step in this process by estimating hunting and birding values of the northern pintail (Anas acuta) within primary breeding and wintering habitats used during the species’ annual migratory cycle in North America. We used published information on user expenditures and net economic values (consumer surplus) for recreational viewing and hunting to determine the economic value of pintail-based recreation in three primary breeding areas and two primary wintering areas. Summed expenditures and consumer surplus for northern pintail viewing were annually valued at $70M, and annual sport hunting totaled $31M (2014 USD). Expenditures for viewing ($42M) were more than twice as high than those for hunting ($18M). Estimates of consumer surplus, defined as the amount consumers are willing to pay above their current expenditures, were $15M greater for viewing ($28M) than for hunting ($13M). We discovered substantial annual consumer surplus ($41M) available for pintail conservation from birders and hunters. We also found spatial differences in economic value among the primary regions used by pintails, with viewing generally valued more in breeding regions than in wintering regions and the reverse being true for hunting. The economic value of pintail-based recreation in the Western wintering region ($26M) exceeded that in any other region by at least a factor of three. Our approach of developing regionally explicit economic values can be extended to other taxonomic groups, and is particularly suitable for migratory game birds because of the availability of large amounts of data. When combined with habitat-linked population models, regionally explicit values could inform development of more effective conservation finance and policy mechanisms to enhance

Recreation economics to inform migratory species conservation: Case study of the northern pintail.

Science.gov (United States)

Mattsson, Brady J; Dubovsky, James A; Thogmartin, Wayne E; Bagstad, Kenneth J; Goldstein, Joshua H; Loomis, John B; Diffendorfer, James E; Semmens, Darius J; Wiederholt, Ruscena; López-Hoffman, Laura

2018-01-15

Quantification of the economic value provided by migratory species can aid in targeting management efforts and funding to locations yielding the greatest benefits to society and species conservation. Here we illustrate a key step in this process by estimating hunting and birding values of the northern pintail (Anas acuta) within primary breeding and wintering habitats used during the species' annual migratory cycle in North America. We used published information on user expenditures and net economic values (consumer surplus) for recreational viewing and hunting to determine the economic value of pintail-based recreation in three primary breeding areas and two primary wintering areas. Summed expenditures and consumer surplus for northern pintail viewing were annually valued at $70M, and annual sport hunting totaled $31M (2014 USD). Expenditures for viewing ($42M) were more than twice as high than those for hunting ($18M). Estimates of consumer surplus, defined as the amount consumers are willing to pay above their current expenditures, were $15M greater for viewing ($28M) than for hunting ($13M). We discovered substantial annual consumer surplus ($41M) available for pintail conservation from birders and hunters. We also found spatial differences in economic value among the primary regions used by pintails, with viewing generally valued more in breeding regions than in wintering regions and the reverse being true for hunting. The economic value of pintail-based recreation in the Western wintering region ($26M) exceeded that in any other region by at least a factor of three. Our approach of developing regionally explicit economic values can be extended to other taxonomic groups, and is particularly suitable for migratory game birds because of the availability of large amounts of data. When combined with habitat-linked population models, regionally explicit values could inform development of more effective conservation finance and policy mechanisms to enhance

Consumer demand for cars in the USA

Energy Technology Data Exchange (ETDEWEB)

Smith, R P

1975-01-01

Since the Second World War the American public has bought almost two hundred million cars, and the abrupt year to year variations in the number of new cars sold have had a substantial impact on the level of activity of the U.S. economy. This book examines the factors that determine the demand for cars and suggests an explanation for the large fluctuations in their sales. A wide variety of information, including data from market research, surveys of industry and consumer opinion, cross section studies and aggregate time series, is used to construct and estimate econometric models that will explain consumer decisions about the ownership, purchase and replacement of cars. This quantitative analysis is supplemented by information of a more qualitative nature on the significance for the car market of such factors as model changes, the oil crisis, and the prevailing social climate. One of the main conclusions of the book is that traditional neo-classical models of consumer behavior do not provide a satisfactory explanation of observed market behavior, and that account has to be taken of the role of variations in consumer confidence and expectations in determining demand. The study will be of interest to students and teachers of economics and business studies as well as to those concerned with the motor industry. (50 references) (from publisher's description)

Benefits and harms of direct to consumer advertising: a systematic review.

Science.gov (United States)

Gilbody, S; Wilson, P; Watt, I

2005-08-01

Direct to consumer advertising is increasingly used by the pharmaceutical industry, but its benefits and harms have yet to be summarised in a comprehensive and rigorous manner. A systematic review was conducted of robust evaluations of the impact (positive and negative) of direct to consumer advertising. A broad range of databases and data sources (including Cinahl, Embase, HMIC, HSRProj, Medline, PsycInfo, and the internet) were searched from inception to 2004. From 2853 citations only four reports were found that met the strict inclusion criteria and provided usable results. Direct to consumer advertising is associated with increased prescription of advertised products and there is substantial impact on patients' request for specific drugs and physicians' confidence in prescribing. No additional benefits in terms of health outcomes were demonstrated. Direct to consumer advertising is banned in most countries, and the research evidence tends to support the negative impact that is feared by those who support a legislative ban. Further research is needed into the clinical and economic impact of direct to consumer advertising in healthcare systems.

The impact of ambiguous economic news on uncertainty and consumer confidence

NARCIS (Netherlands)

Svensson, H.M.; Albæk, E.; van Dalen, A.; de Vreese, C.H.

Journalistic practice emphasizes both positive and negative aspects of news stories. Nevertheless, the effects of ambiguous news, which includes both positive and negative information, are under-investigated. This study examines how exposure to ambiguous economic news affects uncertainty and

Destroying the National-Spiritual Values of Ukrainians during the Anti-Religious Offensive of the Soviet Totalitarian State in the 1960s and 1970s

Directory of Open Access Journals (Sweden)

Nadia Kindrachuk

2017-02-01

Full Text Available The article deals with the church and religious life of Ukrainians in the context of national and political processes during the 1960s and 1970s. The author characterizes the anti-religious policy of the Soviet government, shows its directions, forms, and methods, studies the attitude of Ukraine’s title nation representatives to religious persecution and to manipulation of religious consciousness by the communist leadership, and highlights comprehensive atheistic activities and the elimination of the ways for reviving religiosity among people. The author reveals the essence, the process of creating and artificially enforcing the new Soviet ritualism in Ukrainians’ lives. This ritualism has become a convenient tool for popularizing communist ideology in the Ukrainian SSR, destroying historical memory and undermining the national identity of the Ukrainian people. The new Soviet ritualism was also a means for implementing the policy of denationalizing Ukrainians, beginning with the age-old religious oppression of Ukrainian customs, traditions, and rituals. The model of state-church policy of the Soviet power in the described period was based on the use of a variety of forms and methods of struggle against religion, including: a comprehensive control over clergy activities, destruction of religious sites and sacred objects, as well as administrative, moral, and political pressure on believers. Displacing religion, the Soviet totalitarian state destroyed not only native religious customs of the Ukrainian people, but also violated the principles of the centuries-old traditional culture and undermined the national fortitude of Ukrainians.

Transition in Food and Agricultural Policy: Key Stakeholder--Domestic Consumers.

Science.gov (United States)

Kinsey, Jean

Assurance of an adequate and safe supply of food at a reasonable price is consumers' primary stake in the outcome of 1995 farm bill deliberations and related food and agricultural policies. Farm programs have provided an economically stable environment wherein farmers produce an abundance of food. The declining portion of household budgets…

The Intensity and Impact of Consumer Animosity and Ethnocentrism in Croatia

Directory of Open Access Journals (Sweden)

Matea Matić

2013-07-01

Full Text Available Consumers’ attitudes and feelings towards foreign products have been the subject of research in the field of consumer behaviour for years. Consumer ethnocentrism and animosity refer to the economic consequences of consumer purchasing choices as a result of consumers’ moral and social obligations or their emotional responses. Negative stereotypes and feelings can strongly affect consumers’ moral and social responsibility and thus their final choice to purchase a domestic or a foreign product. This paper aims to determine the difference in animosity and ethnocentric tendencies with regard to a particular region, county, and type and size of settlements in Croatia. Moreover, the objective of the paper was to assess the direction and size of the impact of consumer animosity towards the countries of former Yugoslavia on consumer ethnocentric tendencies. The research was conducted on a sample of 1,000 respondents in the Republic of Croatia. The data were collected through a questionnaire and analysed using factor analysis, analysis of variance (ANOVA and the Pearson correlation coefficient to obtain relevant results. Analysis of variance has showed that there are significant differences in the consumer animosity and ethnocentric tendencies between counties and different types of settlements, but not between individual regions. The results also confirmed the correlation between consumer animosity towards the countries of former Yugoslavia and consumer ethnocentric tendencies in Croatia.

Energy policy in the consumer interest

Energy Technology Data Exchange (ETDEWEB)

Struempel, B

1983-01-01

How does the energy problem faced by Western societies affect the consumer 10 years after the oil embargo. The steep increase in the energy bill has led to severe strains on the social fabric in terms of maldistribution, social conflict, and probably also of unemployment. This is so because by and large the hard, supply-oriented path of merely substituting domestic energies and nuclear power for imported oil was chosen, and the task of conservation was left to the price mechanism. The fact that up to now the soft path has been largely neglected, is traced to three factors: to the inertia of institutions, first the energy industry, second the political system at large, and third to an ''ideological lag'' in popular beliefs abouth the economy. The implications for policy are drawn. Rather than only an individual economic choice via information and motivation, consumer research and action in the energy field ought to focus on collective choice as well.

Does Consumer Confidence Forecast Household Saving and Borrowing Behavior? Evidence for Poland.

Science.gov (United States)

Kłopocka, Aneta Maria

2017-01-01

Consumer confidence plays an important role in households' decision-making processes. This study investigates the effects of consumer confidence on household saving and borrowing behavior that are unsatisfactorily considered in previous discussions. The questions of interest are first, whether indexes of consumer confidence have any predictive power on their own for future household saving and borrowing rates, and second, whether they contain information about future household saving and borrowing rates aside from the information contained in other available indicators. In addition to aggregate confidence indicators, their components are used to provide more precise information. Overall, the multiple linear regression analysis (OLS technique) of Polish time-series data gives positive answers to both questions. This finding supports the recommendation of combining the strengths of objective indicators (such as economic fundamentals) and subjective indicators (such as consumer confidence) to improve household financial behavior forecasts.

Environmental assessment for the Consumer Products Efficiency Standards program

Energy Technology Data Exchange (ETDEWEB)

1980-05-23

The Energy Policy and Conservation Act of 1975 as amended by the National Energy Conservation Policy Act of 1978, requires the DOE to prescribe energy efficiency standards for thirteen consumer products. The Consumer Products Efficiency Standards (CPES) program covers the following products: refrigerators and refrigerator-freezers; freezers;clothes dryers;water heaters; room air conditioners; home heating equipment (not including furnaces); kitchen ranges and ovens; central air conditioners (cooling and heat pumps); furnaces; dishwashers; television sets; clothes washers; and humidifiers and dehumidifiers. DOE is proposing two sets of standards for all thirteen consumer products: intermediate standards to become effective in 1981 for the first nine products and in 1982 for the second four products, and final standards to become effective in 1986 and 1987, respectively. The final standards are more restrictive than the intermediate standards and will provide manufacturers with the maximum time permitted under the Act to plan and develop extensive new lines of efficient consumer products. The final standards proposed by DOE require the maximum improvements in efficiency which are technologically feasible and economically justified, as required by Section 325(c) of EPCA. The thirteen consumer products account for approximately 90% of all the energy consumed in the nation's residences, or more than 20% of the nation's energy needs. Increases in the energy efficiency of these consumer products can help to narrow the gap between the nation's increasing demand for energy and decreasing supplies of domestic oil and natural gas. Improvements in the efficiency of consumer products can thus help to solve the nation's energy crisis.

Small Wind Electric Systems: A U.S. Consumer's Guide

International Nuclear Information System (INIS)

O'Dell, K.

2001-01-01

The U.S. Consumer's Guide for Small Wind Electric systems provides consumers with enough information to help them determine if a small wind electric system can provide all or a portion of the energy they need for their home or business based on their wind resource, energy needs, and their economics. Topics discussed in the guide include: how to make your home more energy efficient, how to choose the right size turbine, the parts of a wind electric system, determining if there is enough wind resource on your site, choosing the best site for your turbine, connecting your system to the utility grid, and if it's possible to become independent of the utility grid using wind energy

The Economic Value of Habits in Household Production

DEFF Research Database (Denmark)

Bejan, Ioana; Jensen, Carsten Lynge; Andersen, Laura Mørch

to adjust habits relevant for these activities. We utilize smart-metered hourly power consumption to unobtrusively measure treatment effects. We find that preventing habits from being adjusted reduces consumer surplus by 76% suggesting a substantial economic value of habits.......People are prone to habits but how important are they for economic outcomes? In a randomized field experiment we compare two treatments with identical economic incentives to adjust a range of household production activities. Treatments only differ in the extent to which they allow households...

Genetic risks and healthy choices: creating citizen-consumers of genetic services through empowerment and facilitation.

Science.gov (United States)

Harvey, Alison

2010-03-01

Genetic testing to identify susceptibility to a variety of common complex diseases is increasingly becoming available. In this article, focusing on the development of genetic susceptibility testing for diet-related disease, I examine the emergence of direct-to-the-consumer genetic testing services and the (re)configuration of healthcare provision, both within and outside the specialist genetics service, in the UK. I identify two key techniques within these practices: empowerment and facilitation. Using Foucauldian social theory, I show that empowerment and facilitation are being positioned as tools for the creation of citizen-consumers who will make appropriate dietary choices, based on the results of their genetic analysis. Through these techniques, individuals are transformed into properly entrepreneurial citizens who will, through judicious choices, act to maximise their 'vital capital' (their health) and the capital of the social body. I argue that the user of these services is not purely an economic figure, making rational choices as a consumer, but that her configuration as a citizen-consumer who avails herself of genetic information and services in a proper manner ensures that she is fit to contribute to the economic life of our present.

Socio-economic determinants of eating practices of Ukrainians

Directory of Open Access Journals (Sweden)

Chagarna, Natalia

2012-07-01

Full Text Available BACKGROUND: Healthy eating practices are among important public health goals worldwide. We aimed to investigate socio-economic determinants of the nutrition habits of Ukrainian families. METHODS: Data from the “UKRAINIAN LONGITUDINAL MONITORING SURVEY 2007” were analysed. Factor analysis produced variables characterising eating practices, which were re-coded in binary variables indicating low/high food consumption. The bivariate and multivariate analysis was conducted to identify associations between socio-economic state and eating modes. RESULTS: Three dimensions of nutrition practices were identified in the factor analysis: “standard diet” variable associated with quantities of most food products consumed, it actually shows how much food in general the household consumes, “fruit-and-vegetable diet” variable was associated with quantities of various fruits and vegetables included in the questionnaire, and “processed-(pre-packed-food diet” variable was created based on its associations with products like sausage. More “processed” food was consumed by members of households which were generally better-off (equipped with dvd-player, computer (laptop, garage, and Russian-speakers. More plant food was consumed by the households with attributes of rural living (equipped with bottled gas, central or individual system of heating, those who possessed a motorcycle or a truck. The owners of a plot adjacent to rural house or land used for gardening were eating more fruits and vegetables. A small group of well-off urban dwellers (like those possessing tumble-dryers, tend to eat more plant food; however, this group is not numerous. CONCLUSION: Plant food eating in Ukraine stays a factor of survival rather than healthy eating for those households which dwell in rural areas and have no means to choose foods they want. Those people who achieve better socio-economic status tend to increase processed food portion of their diets. Only a very

CONSUMER BEHAVIOR

OpenAIRE

Ilie BUDICA; Silvia PUIU; Bogdan Andrei BUDICA

2010-01-01

The study of consumers helps firms and organizations improve their marketing strategies by understanding issues such as: the psychology of how consumers think, feel, reason, and select between different alternatives; the psychology of how the consumer is influenced by his or her environment; the behavior of consumers while shopping or making other marketing decisions; limitations in consumer knowledge or information processing abilities influence decisions and marke...

A model for consumers' preferences for Novel Protein Foods and environmental quality

NARCIS (Netherlands)

Ierland, van E.C.; Zhu, X.

2005-01-01

We develop an environmental Applied General Equilibrium (AGE) model, which includes the economic functions of the environment, to investigate the impacts of consumers' preference changes towards the enhanced consumption of Novel Protein Foods (NPFs) and towards a higher willingness to pay for

A mean-field game economic growth model

KAUST Repository

Gomes, Diogo A.; Lafleche, Laurent; Nurbekyan, Levon

2016-01-01

Here, we examine a mean-field game (MFG) that models the economic growth of a population of non-cooperative, rational agents. In this MFG, agents are described by two state variables - the capital and consumer goods they own. Each agent seeks

Essays on Imperfect Information Processing in Economics

NARCIS (Netherlands)

S.S. Ficco (Stefano)

2007-01-01

textabstractEconomic agents generally operate in uncertain environments and, prior to making decisions, invest time and resources to collect useful information. Consumers compare the prices charged by di..erent firms before purchasing a product. Politicians gather information from di..erent

The origins of the consumer society: socio-philosophical analysis

Directory of Open Access Journals (Sweden)

O. O. Serdyuk

2014-05-01

Full Text Available This article investigates the prerequisites of the consumer society and the theories of «consumer revolution». According to these theories, the formation of consumer society began long before the industrial age, consumerism revolution is represented by a consequence of economic development of production and markets at the end of the eighteenth century, which contributed to a significant expansion of public participation in the consumption and the changing of role of things in social life. It is shown that in this time consumption becomes more demonstrative, the status of things, is changing which is beginning to be appreciated not its durability, utility, and compliance with the latest fashion trends and prestige. The author believes that in the eighteenth century consumption only began to emerge and was not spread to the in public general, was part of a private rather than public life, being limited practice of general population. Concepts of consumer revolution are retrospective theories aimed to study of the origins of the trends of development of the society acquired relevance in our time. The author concludes that in traditional and premodern societies consumption due to objective reasons could not be widespread.

Micro-energy markets: The role of a consumer preference pricing strategy on microgrid energy investment

International Nuclear Information System (INIS)

Faber, Isaac; Lane, William; Pak, Wayne; Prakel, Mary; Rocha, Cheyne; Farr, John V.

2014-01-01

The fragility of the modern electrical grid is exposed during random events such as storms, sporting events and often simply routine operation. Even with these obvious flaws large utilities and governments have been slow to create robust solutions due to the need of large capital investments required to address the issues. In this light creative economic and engineering solutions are desired to finance the needed upgrades. Driven by the requirement to have uninterrupted power that meets customers desires this research focuses on linking consumer preferences to a type of energy source in order to best fulfill stakeholder priorities. This approach is in contrast to the current and prevalent lowest cost methods to producing and consuming energy. This research yields a preliminary ‘micro-energy market’ that consists of an energy network architecture, pricing methodology and mathematical template which quantifies potential economic inefficiencies. If exploited these inefficiencies could be used to fund investment into various energy sources that provide unmet needs such as reduced carbon footprint, renewable, quality, and local production. These inefficiencies can be best exploited within the structure of a microgrid. Identification of opportunities on this smaller scale can provide an incentive for producers to develop a robust set of production facilities of varying size and characteristics to meet the consumer preferences. A stochastic optimization model of a microgrid implementation for a small military installation is used to evaluate the effects of this pricing methodology. The energy production of the resulting microgrid would be optimized to meet consumer preferences and minimize economic inefficiency. - Highlights: • This research focuses on linking consumer preferences to a type of energy source. • Pricing methodology quantifies strategic investments in alternative sources. • Inefficiencies could be used to fund investment into various energy sources

Static and dynamic models in economics

Science.gov (United States)

Safiullin, N. Z.; Safiullin, B. L.

2018-05-01

In this article, the authors consider the impact of information and advertising on consumer behavior and the process of producing differentiation formation. Advertising, television, radio, magazines and direct mail as major constraints of mass media may act as sources of information. Economic modernization is aimed at development of acceleration of the knowledge intensive industries, which contribute to Russia’s position in terms of the world economy; the recovering process of the Russian economic manufacturing base; development of import substitution industries and limited participation in international labor specialization.

Adaptation of the tourism in Romania to the new economic context imposed by the global economic crisis (in 2010

Directory of Open Access Journals (Sweden)

Silvia IFTIME

2013-01-01

Full Text Available The global economic crisis affected the tourist market from Romania since 2008. 2010 was for the Romanian tourism enterprises the year of successful attempts to respond to the economic and social stimuli imposed by the economic crisis. The way in which they managed to cope with the crisis shows that solutions are available to those who adapt to the conditions of fierce competition.The global economic crisis rippled its effects in all areas of activity, tourism included. Some field entrepreneurs consider that tourism will be the most affected sector of services by this crisis because the consumers will leave it at the bottom of the basket of consumption goods and services.

Heating hub and power hub models for optimal performance of an industrial consumer

International Nuclear Information System (INIS)

Soudmand, Behnam Maleki; Esfetanaj, Naser Nourani; Mehdipour, Soleiman; Rezaeipour, Roshanak

2017-01-01

Highlights: • Multi-objective framework is proposed for large industrial consumer. • Weighted sum method is used to solve the proposed multi-objective model. • Fuzzy satisfying technique is used to select the trade-off solution. • Demand response program is employed to reduce cost and emission of large consumer. - Abstract: In addition to economic objectives that has always been considered to be the first priority in the scheduling and planning of power systems, concerns over emission of greenhouse gases due to energy consumption of industrial consumers have made policy makers consider environmental issues in the scheduling of such systems. In this paper, a multi-objective framework has been proposed for environmental and economic performance of large consumer in the presence of demand response program (DRP). In order to solve proposed multi-objective model, weighted sum technique is employed and trade-off solution satisfying conflicting objective functions is selected using fuzzy satisfying approach. DRP is employed to shift load from peak periods to off-peak periods to reduce total operation cost and emission. In order to model the proposed problem, a mixed-integer linear program has been employed and GAMS software has been utilized to solve it. Different case studies have been studied and the results have been presented to validate the effectiveness of proposed methods.

A Study on the Effects of Cargo Services on Consumer Behavior

Directory of Open Access Journals (Sweden)

Gulhan DURAN

2017-05-01

Full Text Available Cargo services, as one of the most important transportation activities of nowadays, affect consumer behaviors, customer satisfaction and service quality. Increasing trade volume and general structure of logistic sector which takes the foreground of transportation activity, importance of the sector, its contribution to the economy is researched and its effects on consumer behavior has been tried to be evaluated. Research has been made in Burdur province on 450 students in various departments of Mehmet Akif Ersoy University by means of a survey with a questionnaire form created. Results have been interpreted after a statistical analysis. It has been determined that there is a significant relationship among logistic value, reliability and economic cost on consumer behavior, and the levels of age and income affect the significance.

Small Wind Electric Systems: A Kansas Consumer's Guide

International Nuclear Information System (INIS)

O'Dell, K.

2001-01-01

The Kansas Consumer's Guide for Small Wind Electric Systems provides consumers with enough information to help them determine if a small wind electric system can provide all or a portion of the energy they need for their home or business based on their wind resource, energy needs, and their economics. Topics discussed in the guide include: how to make your home more energy efficient, how to choose the right size turbine, the parts of a wind electric system, determining if there is enough wind resource on your site, choosing the best site for your turbine, connecting your system to the utility grid, and if it's possible to become independent of the utility grid using wind energy. In addition, the cover of the guide contains a list of state incentives and state contacts for more information

Afghanistan Economic Update, April 2014

OpenAIRE

Joya, Omar; Khan, Faruk

2014-01-01

Economic growth slowed considerably to 3.6 percent (estimated) in 2013 despite robust agricultural production, as heightened uncertainty surrounding the political and security transition led to a slump in investor and consumer confidence. Growth is projected to remain weak in 2014, while a smooth political and security transition would help restore confidence in the economy and enable a pi...

A hydrologic-economic modeling approach for analysis of urban water supply dynamics in Chennai, India

Science.gov (United States)

Srinivasan, Veena; Gorelick, Steven M.; Goulder, Lawrence

2010-07-01

In this paper, we discuss a challenging water resources problem in a developing world city, Chennai, India. The goal is to reconstruct past system behavior and diagnose the causes of a major water crisis. In order to do this, we develop a hydrologic-engineering-economic model to address the complexity of urban water supply arising from consumers' dependence on multiple interconnected sources of water. We integrate different components of the urban water system: water flowing into the reservoir system; diversion and distribution by the public water utility; groundwater flow in the aquifer beneath the city; supply, demand, and prices in the informal tanker-truck-based water market; and consumer behavior. Both the economic and physical impacts of consumers' dependence on multiple sources of water are quantified. The model is calibrated over the period 2002-2006 using a range of hydrologic and socio-economic data. The model's results highlight the inadequacy of the reservoir system and the buffering role played by the urban aquifer and consumers' coping investments during multiyear droughts.

THREE DECADES OF CONSUMER PROTECTION OF RIGHTS ACT: RURAL INDIA NEEDS FOCUSED ATTENTION

OpenAIRE

Dr. Amrit Patel

2017-01-01

India has been observing December 24 each year since 1986 as “National Consumer Rights Day”, when the Consumer Protection Act [CPA], 1986 came into force on this day. Despite the implementation of the CPA has completed three decades in the country, the rural India has yet to understand the meaning of consumer’s rights & the procedure to protect the right enshrined in the CPA,1986. This has its significance because according to the National Council of Applied Economic Research survey report th...

The Budget and Economic Outlook: 2017 to 2027

Science.gov (United States)

2017-01-01

creditworthiness and access to credit. Overall, households’ debt and debt-service payments are currently low, as are delinquency rates on consumer...differences in the economic news available when the forecasts were completed and differences in the economic and statistical models used. Appendix A... Statistics , and the Federal Reserve. Real GDP is the output of the economy adjusted to remove the effects of inflation. The unemployment rate is a measure

Cross-National Comparison of Consumer Attitudes toward Consumerism in Four Developing Countries.

Science.gov (United States)

Darley, William K.; Johnson, Denise M.

1993-01-01

Comparison of university student attitudes (n=305) in Kenya, Nigeria, India, and Singapore found some consumer discontent regardless of the economic status of the country. Singaporeans were most skeptical of business, Indians the least. Results show how consumerism is becoming a worldwide phenomenon. (SK)

Classification and performance analysis of primary energy consumers during 1980-1999

International Nuclear Information System (INIS)

Ediger, Volkan S.

2003-01-01

Five primary energy consumer classes, namely Super, Major, Big, Medium and Small, are proposed, depending on the polymodal characteristics of the frequency distribution curve of their share of the total. The total primary energy consumption and its annual additions decrease, whereas the rates increase steadily from the Super to the Medium consumers. Since the frequency distribution histogram of additional primary energy consumptions of the Medium and above consumers during 1980-1999 is a typical bell shaped curve, the additional amounts and rates are used together to evaluate the performance levels of the countries in both parameters. The most successful countries are the USA, China, South Korea, Thailand, India, Indonesia, Taiwan, Turkey and Iran. The reason why the Super consumer USA and the Major consumer China are the biggest energy markets is because they are the first two biggest economies in the world. The success of the developing Asian countries is mostly related to their economic ties with the Super consumer USA. Among the other emerging markets, Turkey's primary energy demand has grown more rapidly than that of Iran and is expected to continue growing in the future. The emerging Medium and Big consumer markets will continue to play a significant role in the world's energy sector during the first two decades of the 21st century

THE USE OF RELEVANT FACTORS FOR CONSUMERS IN DESIGNING A COMMUNICATIONAL MESSAGE

Directory of Open Access Journals (Sweden)

Olimpia OANCEA

2014-06-01

Full Text Available Today, organizations must adapt to the new realities of the environment in which they operate, and their efforts must be increasingly more oriented towards identifying the factors that influence consumer behavior, in particular economic, social and psychological aspects. When consumers are acting on incomplete information base, they assume automatically a risk for each purchasing decision. The size of the risk decreases depending on the quantity and relevance of information transmitted through communicational messages. Therefore, the aim of this paper is to highlight the factors that should be taken into account when designing a communicational message, so that this has to have the ability to change consumer attitudes and to keep constant interest to the products and / or services of a company.

Economic PV - a shift in thinking

International Nuclear Information System (INIS)

Maycock, P.

1999-01-01

This article argues that photovoltaic (PV) technology is already economically viable contrary to current opinion. A table of world PV module shipments for 1990 to 1998 by market sector is presented, and use of PV modules in consumer electronics such as calculators, battery trickle chargers, and garden lights; in communications and signals (eg. microwave repeaters, cellular communication); and in the residential sector in fluorescent lights, radios etc. are discussed. The early adopters of PV technology, and the value placed on PV devices by consumers are considered. Details of PV manufacturing costs for 1997, and forecasts for 2000 and 2010 are tabulated

Business in the Hands of Consumers: A Scale for Measuring Online Resale Motivations

Directory of Open Access Journals (Sweden)

Myriam ERTZ

2016-12-01

Full Text Available The web channel is increasingly a central aspect of the second-hand economy and, as such, favours also more sustainable post-consumption processes. This is why the field of online reselling appears increasingly important. Besides, the ever broadening scope of online reselling is key to the success of new online intermediaries that position themselves in the broader movement of collaborative consumption. While, consumers’ attachment for secondhand exchanges is not new, they have largely embraced its online declination. In response to these evolutions in the online retail environment, traditional retail companies have therefore started to create online consumer marketplaces in which consumers exchange goods by themselves. In order to best adapt such online marketplaces to consumers, it is therefore critically important to gain a better understanding of the driving forces behind online reselling. At present, knowledge about what motivates consumers to resell products online is limited. This article outlines the development and validation process of an online resale motivation (ORM scale via three studies involving 1,119 respondents. Study 1 presents the ORM scale development process and resulting multi-dimensional construct, including protester, economic, generative, recreational, practical and social facets. Study 2 replicates the scale and investigates its predictive capabilities. More specifically, the ORM scale predicts successfully online resale frequency. Consumers who are more highly motivated to resell online, will indeed resell more often online. Study 3 examines the mediating role of ORM on the relationship between planned resale intentions (PRI and online resale behaviour. The fact that consumers plan to resell a product prior to its purchase, will not directly lead them to increase the frequency at which they resell online. Rather, it is because they perceive positive economic, practical and recreational outcomes associated with

Facilitating consumer participation: an approach to finding the 'right' consumer.

Science.gov (United States)

Happell, Brenda

2010-01-01

Contemporary health care increasingly dictates that consumers of services should become active participants in the health care system. This has placed responsibility on administrators, managers and clinicians to include consumers in key strategic and decision making initiatives. However, this direction has not been accompanied by clear policies or guidelines. Consequently confusion about selecting consumers able to provide valuable input is identified as a barrier to active consumer involvement. The purpose of this paper is to address some concerns raised in the quest to find the "right" consumer, including: finding a consumer without an axe to grind; ensuring the consumer is representative of broader views; health professionals as consumer representatives. While these concerns are common they have not yet been extensively debated and discussed in the broader Literature. Strategies necessary to support consumers in participatory roles are also considered and the controversial subject of financial remuneration for consumers is also explored.

Complexity of Economical Systems

Directory of Open Access Journals (Sweden)

G. P. Pavlos

2015-01-01

Full Text Available In this study new theoretical concepts are described concerning the interpretation of economical complex dynamics. In addition a summary of an extended algorithm of nonlinear time series analysis is provided which is applied not only in economical time series but also in other physical complex systems (e.g. [22, 24]. In general, Economy is a vast and complicated set of arrangements and actions wherein agents—consumers, firms, banks, investors, government agencies—buy and sell, speculate, trade, oversee, bring products into being, offer services, invest in companies, strategize, explore, forecast, compete, learn, innovate, and adapt. As a result the economic and financial variables such as foreign exchange rates, gross domestic product, interest rates, production, stock market prices and unemployment exhibit large-amplitude and aperiodic fluctuations evident in complex systems. Thus, the Economics can be considered as spatially distributed non-equilibrium complex system, for which new theoretical concepts, such as Tsallis non extensive statistical mechanics and strange dynamics, percolation, nonGaussian, multifractal and multiscale dynamics related to fractional Langevin equations can be used for modeling and understanding of the economical complexity locally or globally.

MORAL ECONOMY AND FOREST CERTIFICATION - SYSTEMATIC REVIEW OF THE FINAL CONSUMER PERCEPTION

Directory of Open Access Journals (Sweden)

Gustavo Leonardo Simão

2016-08-01

Full Text Available The paper aims to analyze the perception of the final consumer in relation to forest certification. The research was performed through a systematic analysis by integrative contextualista approach, where were identified information on the recognition of the final consumer in relation to forest certification process in seven different countries. The results showed that only a small fraction in the consumer market is aware of the certification process in the forestry sector even in the economically developed regions. The findings show that one of the possible reasons for the increase of production of forest certified products in the last years is less by a requirement of final consumer and more for to a source of the product warranty along to intermediate actors in the forest value chain. There is also the possibility of requirements of forest certification made by intermediaries agents, in forest supply chain, figure as non-tariff barrier. Moreover, the focus of marketing activities for better efficiency should focus its activities not only in the final consumer, should also focus attention on to intermediaries agents.

Do consumers' preferences for improved provision of malaria treatment services differ by their socio-economic status and geographic location? A study in southeast Nigeria

Directory of Open Access Journals (Sweden)

Tasie Nnenna G

2010-01-01

Full Text Available Abstract Background Improvement of utilization of malaria treatment services will depend on provision of treatment services that different population groups of consumers prefer and would want to use. Treatment of malaria in Nigeria is still problematic and this contributes to worsening burden of the disease in the country. Therefore this study explores the socio-economic and geographic differences in consumers' preferences for improved treatment of malaria in Southeast Nigeria and how the results can be used to improve the deployment of malaria treatment services. Methods This study was undertaken in Anambra state, Southeast Nigeria in three rural and three urban areas. A total of 2,250 randomly selected householders were interviewed using a pre tested interviewer administered questionnaire. Preferences were elicited using both a rating scale and ranking of different treatment provision sources by the respondents. A socio-economic status (SES index was used to examine for SES differences, whilst urban-rural comparison was used to examine for geographic differences, in preferences. Results The most preferred source of provision of malaria treatment services was public hospitals (30.5%, training of mothers (19% and treatment in Primary healthcare centres (18.1%. Traditional healers (4.8% and patent medicine dealers (4.2% were the least preferred strategies for improving malaria treatment. Some of the preferences differed by SES and by a lesser extent, the geographic location of the respondents. Conclusion Preferences for provision of improved malaria treatment services were influenced by SES and by geographic location. There should be re-invigoration of public facilities for appropriate diagnosis and treatment of malaria, in addition to improving the financial and geographic accessibility of such facilities. Training of mothers should be encouraged but home management will not work if the quality of services of patent medicine dealers and pharmacy

Task Lists for Home Economics Occupations, 1988: Cluster Matrices for Home Economics Occupations. Education for Employment Task Lists.

Science.gov (United States)

Below, Virginia

This document contains information for home economics occupations in Illinois in seven sections. The first part provides lists of employability skills for the following: food preparation and service worker, fashion designer, dietetic technician, and service coordinator/consumer assistant/concierge. The second section contains task analyses for the…

Correlating consumer perception and consumer acceptability of traditional Doenjang in Korea.

Science.gov (United States)

Kim, Mina K; Lee, Kwang-Geun

2014-11-01

Doenjang is a traditional Korean food and is widely used for many Korean foods. Consumer perception and consumer acceptability on the typical sensory characteristics of traditional Doenjang remain unknown. The objective of the current study was to determine the consumer perception on traditional Doenjang characteristics and how preexisting consumer perception influenced the consumer liking for traditionally and commercially manufactured Doenjang. A consumer survey was conducted by presenting 26 sensory descriptions to consumers (n = 82) for check-all-that-apply measurement. Then, a consumer acceptance test was conducted over 2 d on 2 Doenjang samples representing commercially produced Doenjang and traditionally produced Doenjang: Day 1 consumers evaluated without any information (n = 182), and day 2 consumers evaluated samples informed that both samples were made by the "traditional" method (n = 109). Two-way ANOVA and multivariate analyses were conducted. Consumers' preexisting perceptions on the typical sensory characteristics of traditionally made Doenjang were similar in that they associate "gu-soo flavor," "dark color," "flavorful," and "well-fermented flavor" regardless of consumer demographics and Doenjang user status. However, these consumer perceptions on sensory attributes of traditional Doenjang did not agree with desirable sensory attributes for consumer liking, in that consumers preferred the commercially made Doenjang regardless of the evaluation condition and consumer user status. Findings from the current study therefore suggested a discrepancy between the preexisting current consumer perception and actual consumer acceptability of traditional Doenjang products. © 2014 Institute of Food Technologists®

Canada, a big energy consumer : a regional perspective : analysis in brief

International Nuclear Information System (INIS)

Menard, M.

2005-01-01

Canada's energy consumption in 2002 ranked almost equal to that of the United States. This high energy consumption can be attributed to long winters, long travel distances and an economy based on high energy consuming industries such as mining, forestry, petrochemical, pulp and paper, aluminium smelters, refining and steel manufacturing. This report describes the energy consumption in various regions of Canada between 1990 and 2003, a time in which total energy consumption increased by 23 per cent. This increase in energy was compared to variations in population and economic activity. The largest increase in energy consumption occurred in Alberta due to a surge in population and economic expansion in high energy consuming industries such as the petroleum and oil sands industry. Saskatchewan had the second-highest increase in energy consumption followed by Quebec, Ontario and British Columbia. The lowest increase in energy consumption was in the northern region and Manitoba. Canada has made a commitment to the Kyoto Protocol to reduce greenhouse gas emissions by 6 per cent. As a large consumer of energy from non-renewable energy resources, Canada is looking into substituting energy types that emit fewer greenhouse gases in order to meet this target. The report revealed that Canada's energy profile is not the same across the country and varies in terms of economy, weather, geography, geology and energy sources. refs., tabs., figs

MEASUREMENT OF CONSUMER ETHNOCENTRISM OF SLOVAK CONSUMERS

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Janka Taborecka-Petrovicova

2014-10-01

Full Text Available The conceptualization of consumer ethnocentrism is inferred from the general concept of ethnocentrism which assumes that ethnocentrism starts with the culture into which an individual is born. Over time, the individual will accept the values and behaviour of this particular culture as a norm. However, when the individual becomes aware of other cultures with different values and behaviours, there develops the need of belonging and identification with own culture rather than that of others. When analysing the consumer ethnocentrism, it is also essential to examine whether consumer ethnocentrism operates uniformly across all consumers or there exist some specific factors moderating their ethnocentric tendencies. A lot of studies researching these issues can be found in various cultural contexts, however in Slovakia we found certain gap since there is just a few of them. The aim of the paper is to investigate the level of consumer ethnocentricity of Slovak consumers in general and with the respect to chosen variables – age and gender. The results can serve as an information base for decision-making process of marketing managers focusing especially on local production of domestic products.

Consumer Behavior and the Plug-In Electric Vehicle Purchase Decision Process: A Research Synthesis

Energy Technology Data Exchange (ETDEWEB)

Taylor, Margaret [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Energy Analysis and Environmental Impact Dept.; Fujita, K. Sydney [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Energy Analysis and Environmental Impact Dept.

2018-01-31

This report synthesizes consumer behavior research as it pertains to the plug-in electric vehicle (PEV) purchase decision process. The purpose is to clarify what is known about the vital role consumers play in the U.S. PEV market as it matures to become less policy-reliant and more representative of the U.S., both spatially and demographically. A more representative PEV market will: help OEMs recoup more of their R&D investments in PEVs; help American consumers access the economic and performance benefits of PEVs; and help the U.S. become more energy independent while improving air quality-related public health and reducing greenhouse gas emissions.

Consumer-oriented social data fusion: controlled learning in social environments, social advertising, and more

Science.gov (United States)

Grewe, L.

2013-05-01

This paper explores the current practices in social data fusion and analysis as it applies to consumer-oriented applications in a slew of areas including business, economics, politics, sciences, medicine, education and more. A categorization of these systems is proposed and contributions to each area are explored preceded by a discussion of some special issues related to social data and networks. From this work, future paths of consumer-based social data analysis research and current outstanding problems are discovered.

论消费者保护规制的理据--在经济和伦理之间%On Consumer Protection Regulation Basis：Between Economics and Ethics

Institute of Scientific and Technical Information of China (English)

钟瑞华

2016-01-01

The economics and ethics theoretical basis concerning the consumer protection and the relationship between them worth reflection. For the consumer protection law and its enforcement, on one hand the cost-benefit analysis should be used more to enhance the efficiency, whilst on the other more attention should be paid to community value cultivation to promote non-utilitarian targets such as social justice, narrowing wealth gap, etc.%消费者保护的的经济性理据和理论性理据及二者的关系值得反思。消费者保护法及其实施，一方面应该更多地利用成本收益分析来提高效率，另一方面应该更多地关注培育共同体价值，促进社会正义、缩小贫富差距等非功利性目标。

New approaches to food safety economics

NARCIS (Netherlands)

Velthuis, A.G.J.; Unnevehr, L.J.; Hogeveen, H.; Huirne, R.B.M.

2002-01-01

Food-safety economics is a new research field, which needs a solid framework of concepts, procedures and data to support the decision-making process in food-safety improvement. Food safety is a theme that plays at many levels in the community: at the consumer level, at the farm or business level, at

Explaining consumer choice: coming to terms with intentionality.

Science.gov (United States)

Foxall, Gordon R

2007-06-01

Any attempt to understand the nature of behaviorism as a philosophy of science, to depict the essence of its distinctive explanatory system, or to delimit the scope of its capacity to explicate behavior, requires an appreciation of how its practitioners use language. Three behaviorist theories that are especially relevant to the explanation of economic behavior - radical behaviorism, teleological behaviorism, and picoeconomics - provide a necessary array of theoretical perspectives in that each contributes uniquely to understanding consumer choice. Despite the differences that separate them at a methodological level, and the internecine disputes in which their adherents sometimes address one another, these three perspectives play complementary roles in the depiction of everyday consumer behavior. Moreover, this combination of behavior theories owes much to the way in which each has responded to the challenge of intentional explanation. In order to demonstrate this, the paper proposes a framework of analysis which portrays the essential differences between intentional explanation and the extensional approach towards which many behaviorists have striven, and argues that while radical behaviorism scrupulously avoids intentional terms, teleological behaviorism and picoeconomics have in differing ways come to terms with the necessity of combining a behaviorist perspective with the explanatory value of intentional terminology. This continuum of explanations is applied to recent findings of consumer behavior analysis on consumer choice in natural environments.

Consumers´opinion of inflation bias due to quality improvements

Czech Academy of Sciences Publication Activity Database

Hanousek, Jan; Filer, R. K.

2004-01-01

Roč. 53, č. 1 (2004), s. 235-254 ISSN 0013-0079 R&D Projects: GA MŠk ME 595 Institutional research plan: CEZ:AV0Z7085904 Keywords : consumers ´opinion * inflation bias * quality improvements Subject RIV: AH - Economics Impact factor: 0.373, year: 2004 http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=14886614&site=ehost-live

Beyond Wishful Thinking: Integrating Consumer Preferences in the Assessment of Dietary Recommendations

Science.gov (United States)

2016-01-01

Convenience, taste, and prices are the main determinants of food choices. Complying with dietary recommendations therefore imposes a “taste cost” on consumers, potentially hindering adoption of those recommendations. The study presents and applies a new methodology, based on economic theory, to quantify this taste cost and assess the health and welfare effects of different dietary recommendations. Then, by comparison of those effects, we identify socially desirable recommendations that are most compatible with consumer preferences (i.e., that best balance health benefits against”taste cost”) and should be prioritized for promotion. The methodology proceeds in three-steps: first, an economic-behavioral model simulates how whole diets would change if consumers complied with dietary recommendations; second, an epidemiological model estimates the number of deaths avoided (DA) due to the dietary change; third, an efficiency analysis weighs the health benefits against the taste and policy costs of each recommendation. The empirical model is calibrated using French data. We find that recommendations to reduce consumption of red meat and soft-drinks, or raise consumption of milk products and fish/seafood impose relatively moderate taste costs. By comparison, recommendations related to F&V consumption and, to a lesser extent, butter/cream/cheese, snacks, and all meats impose larger taste costs on consumers. The F&V recommendation is the costliest for consumers to comply with, but it also reduces diet-related mortality the most, so that a large budget could be allocated to promoting F&V consumption while keeping this policy cost-beneficial. We conclude that promotion of most dietary recommendations improves social welfare. Our framework complements the programming models available in nutrition and public health: those models are best used to identify dietary targets, following which our framework identifies cost-beneficial ways of moving towards those targets. PMID

Beyond Wishful Thinking: Integrating Consumer Preferences in the Assessment of Dietary Recommendations.

Science.gov (United States)

Irz, Xavier; Leroy, Pascal; Réquillart, Vincent; Soler, Louis-Georges

2016-01-01

Convenience, taste, and prices are the main determinants of food choices. Complying with dietary recommendations therefore imposes a "taste cost" on consumers, potentially hindering adoption of those recommendations. The study presents and applies a new methodology, based on economic theory, to quantify this taste cost and assess the health and welfare effects of different dietary recommendations. Then, by comparison of those effects, we identify socially desirable recommendations that are most compatible with consumer preferences (i.e., that best balance health benefits against"taste cost") and should be prioritized for promotion. The methodology proceeds in three-steps: first, an economic-behavioral model simulates how whole diets would change if consumers complied with dietary recommendations; second, an epidemiological model estimates the number of deaths avoided (DA) due to the dietary change; third, an efficiency analysis weighs the health benefits against the taste and policy costs of each recommendation. The empirical model is calibrated using French data. We find that recommendations to reduce consumption of red meat and soft-drinks, or raise consumption of milk products and fish/seafood impose relatively moderate taste costs. By comparison, recommendations related to F&V consumption and, to a lesser extent, butter/cream/cheese, snacks, and all meats impose larger taste costs on consumers. The F&V recommendation is the costliest for consumers to comply with, but it also reduces diet-related mortality the most, so that a large budget could be allocated to promoting F&V consumption while keeping this policy cost-beneficial. We conclude that promotion of most dietary recommendations improves social welfare. Our framework complements the programming models available in nutrition and public health: those models are best used to identify dietary targets, following which our framework identifies cost-beneficial ways of moving towards those targets.

Beyond Wishful Thinking: Integrating Consumer Preferences in the Assessment of Dietary Recommendations.

Directory of Open Access Journals (Sweden)

Xavier Irz

Full Text Available Convenience, taste, and prices are the main determinants of food choices. Complying with dietary recommendations therefore imposes a "taste cost" on consumers, potentially hindering adoption of those recommendations. The study presents and applies a new methodology, based on economic theory, to quantify this taste cost and assess the health and welfare effects of different dietary recommendations. Then, by comparison of those effects, we identify socially desirable recommendations that are most compatible with consumer preferences (i.e., that best balance health benefits against"taste cost" and should be prioritized for promotion. The methodology proceeds in three-steps: first, an economic-behavioral model simulates how whole diets would change if consumers complied with dietary recommendations; second, an epidemiological model estimates the number of deaths avoided (DA due to the dietary change; third, an efficiency analysis weighs the health benefits against the taste and policy costs of each recommendation. The empirical model is calibrated using French data. We find that recommendations to reduce consumption of red meat and soft-drinks, or raise consumption of milk products and fish/seafood impose relatively moderate taste costs. By comparison, recommendations related to F&V consumption and, to a lesser extent, butter/cream/cheese, snacks, and all meats impose larger taste costs on consumers. The F&V recommendation is the costliest for consumers to comply with, but it also reduces diet-related mortality the most, so that a large budget could be allocated to promoting F&V consumption while keeping this policy cost-beneficial. We conclude that promotion of most dietary recommendations improves social welfare. Our framework complements the programming models available in nutrition and public health: those models are best used to identify dietary targets, following which our framework identifies cost-beneficial ways of moving towards those

TOWARDS THE CONFIGURATION OF A PROFILE OF THE NEW CONSUMER IN MEXICO

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Emigdio Larios-Gómez

2017-10-01

Full Text Available The present work is a critical analysis of Mexican consumer behavior to date. It is an exploratory-qualitative research, through the technique of qualitative content analysis (Bardin, 1996; Mayring, 2000; Pérez, 1994; Krippendorff, 1990 and based on study topics factors in consumer behavior as cultural (culture, subculture and social class, social (reference groups, family, roles and status, personal (age and stage in the life cycle, occupation, economic situation, personality and self-concept and psychological , perception, learning, beliefs and attitudes (Solomon, Russell-Bennett, & Previte, 2013 (Kotler, 2012. Based on the heritage of the ancestors, the economic, political and social evolution of the country, the new population trends, the increase of the adult population and, consequently, the decline of the children and the impact of globalization, Mexico remains a country with partying citizens? Are Mexicans still irreverent to death? The Mexican is still distrustful of his skills and abilities, but solves his style problems? How has the consumption behavior of the Mexican changed? Based on the analysis of the information presented, it can be said that the new Mexican consumer will continue to be happy, cheerful and irreverent that has been for centuries. Without fear of death, partying for everything and nothing, proud of their land, customs and family. He will also continue being the mestizo calzonudo with shoes of gachupin, that now consumes European and gringas marks because he is already of first world. He is stubborn, but sensitive and concerned about the mistreatment of animals. Although carefree and indifferent to the neighbor and with the emergence and relatively easy access of the internet has become a consumer more informed and more responsible to consumption: in price, quantity, quality and environmental impact.

Small Wind Electric Systems An Alaska Consumer's Guide

International Nuclear Information System (INIS)

O'Dell, K.

2001-01-01

The Alaska Consumer's Guide for Small Wind Electric Systems provides consumers with enough information to help them determine if a small wind electric system can provide all or a portion of the energy they need for their home or business based on their wind resource, energy needs, and their economics. Topics discussed in the guide include: how to make your home more energy efficient, how to choose the right size turbine, the parts of a wind electric system, determining if there is enough wind resource on your site, choosing the best site for your turbine, connecting your system to the utility grid, and if it's possible to become independent of the utility grid using wind energy. In addition, the cover of the guide contains a state wind resource map and a list of state incentives and state contacts for more information

Small Wind Electric Systems: A Vermont Consumer's Guide

International Nuclear Information System (INIS)

O'Dell, K.

2001-01-01

The Vermont Consumer's Guide for Small Wind Electric Systems provides consumers with enough information to help them determine if a small wind electric system can provide all or a portion of the energy they need for their home or business based on their wind resource, energy needs, and their economics. Topics discussed in the guide include: how to make your home more energy efficient, how to choose the right size turbine, the parts of a wind electric system, determining if there is enough wind resource on your site, choosing the best site for your turbine, connecting your system to the utility grid, and if it's possible to become independent of the utility grid using wind energy. In addition, the cover of the guide contains a state wind resource map and a list of state incentives and state contacts for more information

Ethical attitudes of consumers in relation to the motive operation of travel agencies

Directory of Open Access Journals (Sweden)

Jevtić Jelena

2015-01-01

Full Text Available Business activities of travel agencies in the market and their relation to potential tourists, affecting the creation of consumer attitudes about the agency and its tourism products. Modern business today, characterized by openness and freedom of all economic entities, but also the need for a high level of confidence that it would be successfully completed. The existence of such trends in business also calls into question the connection between ethics and economics. There are different opinions about what is ethical and what is unethical, both between individuals and between companies. The aim of this paper is to provide answers to the question of how consumers perceive the travel agency in terms of their ethical or unethical business, and whether it affects their final decision you make in the process of purchasing tourist products. The purpose of the research used the method of survey research.

Overcoming consumer biases in the choice of pricing schemes: a lab experiment

Czech Academy of Sciences Publication Activity Database

Shestakova, Natalia

-, č. 418 (2010), s. 1-42 ISSN 1211-3298 R&D Projects: GA MŠk LC542 Grant - others:GA UK(CZ) 60010 Institutional research plan: CEZ:MSM0021620846 Keywords : heuristics * price discrimination * consumers' choice Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp418.pdf

The Enterprise and State Intervention In Business Contracts: Misrepresentation or Need for Characterization of the Entrepreneur as a Consumer?

Directory of Open Access Journals (Sweden)

Daniel Silva Queiroga

2015-12-01

Full Text Available The recognition of consumer vulnerability to economic power with the Consumer Protection Code (CDC held a true evolutionary split in the commercial law, dividing contracts between business-to-business and business to consumer. This split was cut short by the Superior Court of Justice (STJ, which now applies, in certain situations, consumer standards to business-to- business contracts. In this context, this paper analyzes the practical utility of the application of the CDC to contractual relations between enterprises, in spite of existing rules in the Civil Code of 2002 (CC/2002.

Free Riding Indexes for Ukrainian Economics Teachers.

Science.gov (United States)

McCorkle, Sarapage; Watts, Michael

1996-01-01

Reports on the adaptation and replication of Jane Leuthold's experiment concerning consumer choice, investments, and free riding indexes. A similar experiment, conducted in a Ukrainian classroom, produced similar results with a few notable exceptions. The exceptions reflected the Ukrainians' lack of familiarity with western economic thought. (MJP)

The Economics of Information: A Classroom Experiment.

Science.gov (United States)

Netusil, Noelwah R.; Haupert, Michael

1995-01-01

Describes an economics class experiment where students ranked the quality of baked pies according to limited information. The limited sets of information included brand name and packaging only, price only, advertising only, word-of-mouth, and taste test. Discusses signals of quality and consumer decisions. (MJP)

Assessing Projection Bias in Consumers' Food Preferences.

Directory of Open Access Journals (Sweden)

Tiziana de-Magistris

Full Text Available The aim of this study is to test whether projection bias exists in consumers' purchasing decisions for food products. To achieve our aim, we used a non-hypothetical experiment (i.e., experimental auction, where hungry and non-hungry participants were incentivized to reveal their willingness to pay (WTP. The results confirm the existence of projection bias when consumers made their decisions on food products. In particular, projection bias existed because currently hungry participants were willing to pay a higher price premium for cheeses than satiated ones, both in hungry and satiated future states. Moreover, participants overvalued the food product more when they were delivered in the future hungry condition than in the satiated one. Our study provides clear, quantitative and meaningful evidence of projection bias because our findings are based on economic valuation of food preferences. Indeed, the strength of this study is that findings are expressed in terms of willingness to pay which is an interpretable amount of money.

Motives for food choice among Serbian consumers

Directory of Open Access Journals (Sweden)

Gagić Snježana

2014-01-01

Full Text Available People's motives for food choice depend on a number of very complex economic, social and individual factors. A Food Choice Questionnaire (FCQ, an instrument that measures the importance of factors underlying food choice, was used to reveal the Serbian consumers' food choice motives by survey of 450 respondents of different age groups. A confirmatory factor analysis was conducted on the motive items, using 11 factors. Previous research shows that the nutrition in Serbia is not balanced enough, and therefore the analysis of motives for food choice is considered a useful tool for the planning of more efficient public policies and interventions aimed at influencing healthier eating habits. Hence the results can be useful for researchers as well as for public institutions which deal with creating the strategy of public health or businessmen who produce and sell food products, because knowing consumer behaviour is necessary for product success on the market.

Analysis on the consumer disposition to afford the cost of food processed by ionizing radiation

International Nuclear Information System (INIS)

Cattaruzzi, Eliana Borba

2012-01-01

The concept of food quality, in the consumer point of view, reflects the satisfaction of characteristics such as flavor, aroma, appearance, packaging and availability. Economic and social factors, such as cost and eating habits, generally, also influence the choice of a product. Irradiation is an effective technique in food preservation because it reduces the losses caused by natural physiological processes, either reducing or eliminating microorganisms, parasites and pests without causing any damage to the foods and, thus, making them safer to consumers. Nevertheless, there may be an increase in the cost of foods. Research indicates that practicality is already a deep-rooted feature of consumers. The price may be a limiting factor to the popularization of the irradiated product, although some consumers consider that, due to the avoidance of waste, the increased cost may be feasible. The objective of this study was to analyze the cost of using food irradiation technology and verify (a) whether consumers, when informed of the benefits in food safety, are willing to pay for this treatment and (b) how much they are willing to pay. The methodology consisted of a study on the economic feasibility of food irradiation technology by means of a systematic survey of the literature, in order to verify the cost of this process implementation and the increase in costs for the producer. Also, a survey was conducted in an Institution of Superior Education about the consumer's willingness to pay for this higher price. The study results indicate a rise in costs to the producer, ranging from $ 0.01 to U.S. $ 0.25 per pound; it was also found that 75% of the consumers surveyed are willing to pay more for irradiated food. From these results it was concluded that the higher the consumption power is, the greater the willingness to afford the additional cost irradiated foods have. (author)

ASPECTS ON CONSUMERS ATTITUDE TOWARD GENETICALLY MODIFIED FOODS AMONG YOUTH

Directory of Open Access Journals (Sweden)

Alexandrina, SÎRBU

2014-11-01

Full Text Available Advances in food biotechnology and food science in the early 1990s have opened the gates of new markets for genetically modified foods. A broad dispute over the use of foods derived from genetically modified organisms and other uses of genetic engineering in food production in terms of key scientific researches, their impact on health and eco-systems, food safety and food security, labelling and regulations, traceability is still lasting. Beside the scientifically, technical, ethical and regulators arguments, the economical aspects of the genetically modified food market is influenced by the social acceptance of it. Consumers' perception and their attitudes are different and depending on many factors. A survey of youth as undergraduate students of Constantin Brancoveanu University from Romania revealed certain differences in attitudes regarding the genetically modified foods that may be partially explained by the consumers' information. Referring the consumer behaviour, this study showed rather a tacit attitude of acceptance of the genetically modified food goods than a vehement rejection.

Consumer flexibility - State and challenges

International Nuclear Information System (INIS)

Grande, Ove S.; Saele, Hanne; Morch, Andrei Z.

2002-02-01

This report summarises experiences and results from relevant projects carried out within the area of consumer flexibility in the last years. A general description of the projects is presented. In addition are testing activities, economical signals for motivating the end user for load reductions and appropriate technology for communication and effect management mentioned separately. Briefly summarised is the following achieved: 1) The potential for effect regulating measures in ordinary consumption and in power demanding industry is analysed and estimated to 1750 MW and 3360 MW respectively. 2) Time varied rates are developed and are tested. The NVE has decided on this basis that all the network owners should offer season varied rates to their customers. 3) Test projects in Drammen, Oslo and Trondheim have shown that it is possible to motivate smaller consumers for and implement load reductions. 4) Technology for load management for the end user is evaluated. 5) A survey is made viewing the technology for two way communication. In addition the ''option'' market for the reserves of the Statnett has proved that a steady compensation is a sufficient incentive for producing substantial effect reserves in the load sector (power intensive industry). In the last part of the report the incentives and frame conditions for establishing technical solutions and infrastructure are discussed. Further work will focus on the consumer flexibility in shortage situations. The main challenges are connected to: 1) Establishing a foundation for decisions concerning cost efficient investments in necessary technical equipment. 2) To find an optimal combination of a price flexible and remote controlled load reduction

Global city aspirations, graduated citizenship and public housing: analysing the consumer citizenships of neoliberalism

OpenAIRE

Dallas Rogers; Michael Darcy

2014-01-01

Global city discourses rearticulate the relationships between the state, urban space and the global economy. At the local level, global city reconfigurations stamp the mark of a global economic order onto local citizenship practices. Public housing is a legacy of specific national (welfare) states where citizenship rights arose from territorially bound constitutional discourses, and is incompatible in its current form with the consumer-based rights and responsibilities of a global economic or...

Captivity mark as Foundation of Civil Liability for Risk in Prol Consumer

Directory of Open Access Journals (Sweden)

Fernando Antônio de Vasconcelos

2016-06-01

Full Text Available The postmodern society can be seen as risk society. From the Ulrich Beck’s idea that the acquired knowledge allows the current development model, but its generates uncontrollable risks, this study attempts to make a validation of trademark captivity theory as the basis for civil liability for risk. The strength of the brands as fundamental goals in today’s economic process is seen as a vector of liability for consumers as a vulnerable class. The difficulty of consumers in the process of accountability for damages suffered in their relations is still present. The supply process is complex and is formed by a network arrangements which stresses the consumer’s vulnerability. The trademark captivity allows the identification of an economic group participants by sharing the brand. The proposal in this article, is to strengthen the idea of   captivity mark as accountability paradigm from the brand with the theory of risk, examining its feasibility framing the sole paragraph of Article 927 of the Brazilian Civil Code.The methodology will be based on a legal-economic aspect and depart from an inductive analysis and bibliographic surveys, with the theoretical framework of Ulrich Beck, Antonny Giddens and Claudia Lima Marques.

Effects of price manipulations on consumer behavior in sheltered workshop token economy.

Science.gov (United States)

Schroeder, S R; Barrera, F J

1976-09-01

The consumer behavior of institutionalized retarded clients in a sheltered workshop token economy were evaluated by changing prices in the workshop store. In the first experiment we found that clients displayed elasticity of demand in that raising the prices of frequently purchased goods reduced the frequency and amount spent on more expendable items. Results from the second experiment showed that this change in spending pattern was not due to the relative modal unit price of item classes. The regulation of demand for consumer goods is a potentially useful way to maintain economic balance and effectiveness of a token economy.

The measurement of China's consumer market development based on CPI data

Science.gov (United States)

Xiao, Jiang; Wang, Minggang; Tian, Lixin; Zhen, Zaili

2018-01-01

Consumer Price Index (CPI) is a comprehensive index which contains a large amount of market information. In order to effectively measure the running status of China's consumer market and analyze the dynamic evolution characteristics of regional economic consumption in China, the eigenvalues and eigenvectors of random matrix are proposed to quantitatively describe the evolution relationship of provincial and regional CPI in China. Based on the provincial data of China's CPI, system risk entropy, synchronicity ratio, stability and market induction are introduced to characterize the market evolution characteristics, and analyze the regional differences and synchronicity of the consumer price index of China and evaluate the development of China's consumer market. The results show that the average system risk entropy of China's consumer market for the period 2000-2015 is 0.1646, fluctuating in the range of 0.0512-0.3288, indicating a higher system risk of China's consumer market. The system risk of China's consumer market is still higher than the average in nearly 15 years. Fluctuating in the range of 0.3871-0.9355, the market synchronicity ratio has a mean of 0.7225, which reveals a higher market consistency level, a rising trend in fluctuation but an increasing tendency in the degree of unbalanced regional development. Evolution results of market induction demonstrate that the evolution of China's consumer market has experienced four stages. The market induction has possessed a sustained growth trend since August 2010. Scenario analysis indicates that the key to effectively improve China's consumer market system is to solve the lagging issue of China's western region market on the basis of controlling and resolving of the existing risk.

Instigating involvement through consumer-based brand equity : an attitudinal study of consumer-based brand equity and consumer involvement

OpenAIRE

Bredberg, David; Holmquist, Johan

2009-01-01

Recent research on links between dimensions of consumer-based brand equity, as well as links to consumer involvement, has shown that it is a significant predictor of purchase behavior. The purpose of this dissertation is to explore the affect brands have on consumer involvement. We attempt to investigate how consumer-based brand equity affects the level of consumer involvement. Based on consumer behavior theory and previous research of these areas, gathered primary data (an empirical investig...

Disrupting Syrian Economic Networks

Science.gov (United States)

2015-10-28

Prior to the civil 2 war, the Syrian economy benefited from tourism 4 , as well as a growing consumer economy driven by a large influx of Iraqi...during civil war in a commodities based economy such as Syria, socio -economic motivations (“loot-seeking”) may be just as or more important than...eliminate non-government registered cell phones. 85 Yet, cell phone use, while impacted in North Korea, has not been 18 stopped, particularly

The Influence of Socio-Economic Characteristics on Food Advertisement Usage

OpenAIRE

Govindasamy, Ramu; Italia, John

1999-01-01

Only 22 percent of surveyed consumers reported making frequent use of food advertisements when purchasing food products. However, certain demographic segments appear to place a greater emphasis on food advertisements than others. This study empirically evaluates which socio-economic characteristics encourage consumers to be more likely to take food advertisements into account when purchasing grocery products. The results indicate that those with lower annual incomes, those with lower levels o...

Avoiding food waste by Romanian consumers: The importance of planning and shopping routines

NARCIS (Netherlands)

Stefan, V.; Herpen, van E.; Tudoran, A.A.; Lähteenmäki, L.

2013-01-01

Food waste is generated in immense amounts across the food life cycle, imposing serious environmental, social and economic consequences. Although consumers are the single biggest contributor to this volume, little is known about the drivers of food waste in households. This exploratory study aims to

Consumer innovation resistance as routines: is it an obstacle to development and well-being?

Directory of Open Access Journals (Sweden)

Ryzhkova Marina

2016-01-01

Full Text Available In this article we define the role of innovation in the economy of knowledge and in providing social and economic wellbeing to the population. The innovation resistance is defined as a complex phenomenon and as a result of agent-object relationships. Then the article is focused on consumer innovation resistance as a main obstacle to development of knowledge-based economy. Two types of consumer innovation resistance are revealed. The source of active consumer innovation resistance is the result of non-compliance of consumer expectations and characteristics of a new product. Passive consumer innovation resistance comes from the lack of desire to change stable behavior patterns and from unwillingness to learn. Also we classify the deterministic factors of consumer innovation resistance as exogenous indirect and direct factors and as endogenous factors, what can help to work out a general approach to overcoming the innovation resistance. Innovations can be considered as habits and routines to changes, which can be developed and distributed both to the young population and to the elderly. Some insights in this direction are offered.

Consumer Surplus in the Digital Economy: Estimating the Value of Increased Product Variety at Online Booksellers

OpenAIRE

Brynjolfsson, Erik; Smith, Michael D.; Yu, (Jeffrey) Hu

2003-01-01

We present a framework and empirical estimates that quantify the economic impact of increased product variety made available through electronic markets. While efficiency gains from increased competition significantly enhance consumer surplus, for instance, by leading to lower average selling prices, our present research shows that increased product variety made available through electronic markets can be a significantly larger source of consumer surplus gains. One reason for increased product...

Health care consumer reports: an evaluation of consumer perspectives.

Science.gov (United States)

Longo, Daniel R; Everet, Kevin D

2003-01-01

There has been a proliferation of health care consumer reports, also known as "consumer guides," "report cards," and "performance reports," which are designed to assist consumers in making more informed health care decisions. While there is evidence that providers use such reports to identify and make changes in practice, thus improving the quality of care, there is little empirical evidence on how consumer guides/report cards are used by consumers. This study fills that gap by surveying 925 patients as they wait for ambulatory care in several clinics in a midwestern city. Findings indicate that consumers are selective in their use of these reports and quickly identify those sections of the report of most interest to them. Report developers should take precautions to ensure such reports are viewed as credible sources of health care information.

Socio-economic applications of finite state mean field games

KAUST Repository

Gomes, Diogo A.; Machado Velho, Roberto; Wolfram, Marie Therese

2014-01-01

In this paper, we present different applications of finite state mean field games to socio-economic sciences. Examples include paradigm shifts in the scientific community or consumer choice behaviour in the free market. The corresponding finite

A Dantzig-Wolfe Decomposition Algorithm for Linear Economic MPC of a Power Plant Portfolio

DEFF Research Database (Denmark)

Standardi, Laura; Edlund, Kristian; Poulsen, Niels Kjølstad

2012-01-01

Future power systems will consist of a large number of decentralized power producers and a large number of controllable power consumers in addition to stochastic power producers such as wind turbines and solar power plants. Control of such large scale systems requires new control algorithms....... In this paper, we formulate the control of such a system as an Economic Model Predictive Control (MPC) problem. When the power producers and controllable power consumers have linear dynamics, the Economic MPC may be expressed as a linear program and we apply Dantzig-Wolfe decomposition for solution...

Sexualized Branded Entertainment and the Male Consumer Gaze

Directory of Open Access Journals (Sweden)

Matthew P. McAllister

2014-03-01

Full Text Available This article applies the “male consumer gaze” – integrating work influenced by Erving Goffman and Laura Mulvey – to two branded televised events: the 2011 Victoria’s Secret Fashion Show and the 2012 Hooters International Swimsuit Pageant. Critiqued elements include gendered body positioning, televisual and narrativizing techniques, social and integrated media, and branding strategies that combine to create a flow of consumption-based male gazing. Such trends may intensify with changes in media economics and niche marketing.

Consumer-related Legal Aspects of the Infromation Society

DEFF Research Database (Denmark)

Falch, Morten; Henten, Anders; Skouby, Knud Erik

1998-01-01

The general legal framework covering economic transactions has been created long before the creation of electronic commerce. Therefore most regulation more or less explicitly assumes that goods have a physical appearance and that all contractual issues are settled either orally or by use of paper...... into this new situation. This creates a number of legal and regulatory problems, which - if not resolved - may restrict further growth of electronic commerce. This paper deals with the consumer related aspects of this regulatory challenge....

Made in China: Policy Analysis and Prescriptions to Improve China's Consumer Product Safety Regulatory Regime

National Research Council Canada - National Science Library

McMullin, III, James A

2008-01-01

China's central government's response to the current challenge of consumer product safety in the food and drug arena could be a determining factor in its ability to sustain robust economic growth over the next decade...

To buy or not to buy? An experimental study of consumer boycotts in retail markets

Czech Academy of Sciences Publication Activity Database

Tyran, J. R.; Engelmann, Dirk

2005-01-01

Roč. 72, č. 285 (2005), s. 1-16 ISSN 0013-0427 Institutional research plan: CEZ:AV0Z70850503 Keywords : retail market * consumers * prices Subject RIV: AH - Economics Impact factor: 0.647, year: 2005

Consumer Attitude Towards Shellfish In The Greek Market: A Pilot Study

Directory of Open Access Journals (Sweden)

CH. BATZIOS

2003-12-01

Full Text Available During the last decade, the Greek shellfish industry has experienced significant changes affecting both the market demand and the availability of the end products. Although, shellfish and seafood in general have been promoted as healthy food by marketing boards and private seafood companies in many countries all over the world, no attention has been paid so far to analysing the Greek consumer’s purchasing behaviour and attitudes towards the shellfish market. This paper presents the results of the first survey in this field of research, which was carried out in northern Greece (area of Katerini and Greater Thessaloniki from January to March 2002. A randomly selected sample of 400 consumers filled in a questionnaire, which covered basic marketing aspects of shellfish consumption such as choice, purchase, reasons for consuming shellfish, confidence in shellfish hygiene certification, media influence, etc. Data analysis includes descriptive statistics, as well as chi-square (― 2 tests (crosstabulation to examine possible relations between consumers’ demographic and socio-economic characteristics and shellfish marketing aspects. Analyses of the results have shown that the majority of Greek consumers prefer the exploitable to cultured shellfish and in general do not eat shellfish often. They prefer the traditional fish shops for purchasing shellfish and consume them mainly in summer. The strongest reason to buy shellfish is their taste, while freshness is considered as the most important criterion when deciding to buy shellfish. Moreover, the vast majority of the consumers prefer a certification of quality, trust the confirmation provided by the veterinary authorities, but do not prefer ready-to-eat shellfish. Results revealed that consumers’ behaviour and attitudes vary considerably according to their demographic and socio-economic characteristics. The results of this study could prove to be helpful for decision makers towards a more rational

How Accurate are Government Forecast of Economic Fundamentals?

NARCIS (Netherlands)

C-L. Chang (Chia-Lin); Ph.H.B.F. Franses (Philip Hans); M.J. McAleer (Michael)

2009-01-01

textabstractA government’s ability to forecast key economic fundamentals accurately can affect business confidence, consumer sentiment, and foreign direct investment, among others. A government forecast based on an econometric model is replicable, whereas one that is not fully based on an

The Market - between Marketing and Economics

DEFF Research Database (Denmark)

Bruun, Charlotte

2015-01-01

is applicable in real life situations. Furthermore we shall discuss implications of the global disintegration of production, and the growing content of intangibles (experiences) in the goods we consume, for our understanding of the market. This takes us to a plausible theoretical explanation of the smile......We all know what a market is, but when it comes to theorizing about markets and modelling them, there are differences within the fields of economics and marketing management. Here we shall try to locate the cause of these differences, and discuss when the economic concept of an ideal market...

OVERVIEW OF THE INDUSTRIAL MARKET IN ROMANIA. IMPLICATIONS FROM THE ORGANIZATIONAL CONSUMER PERSPECTIVE

Directory of Open Access Journals (Sweden)

Constantin SASU

2016-06-01

Full Text Available Nowadays research in consumer behaviour has become really useful in understanding consumer needs regarding the use of products or services. Despite the tremendous work carried out in the field of consumer behaviour, few studies have concentrated on the organizational consumers as main buyers in the market. In this regard, considering the economic sectors of Romania, the main purpose of the article consists in characterizing the national industrial buyers taking into consideration the organizational consumer approach. Using an empirical study based on the macroeconomic indicators published by the Romanian National Institute of Statistics, we aimed to identify the components of the organizational market in Romania. In this regard, we selected several statistical indicators specific for the agriculture sector which can help us understand the behaviour of the organizations from this area considering the buying perspective. The results obtained demonstrate that although there are many macroeconomic indicators in the agriculture sector (43 few of them (19 provide significant information regarding the industrial buying behaviour among Romanian firms from this area.

Social Corporate Responsibility regarding Household Consumer Satisfaction with the Electric Power Supply Services

Directory of Open Access Journals (Sweden)

Maria-Ana Georgescu

2014-02-01

Full Text Available The issue of the practical manifestation of corporate social responsibility towards consumers is highly important to the socio-economic reality in Romania. The present paper is the result of an investigation carried out in this field and it is distinguished by two aspects. The first aspect is its target audience used for research - household consumers of electricity, who can be called "vulnerable", captive consumers. The second aspect is the specificity of the electricity market. The aim of the research was to study the relationship between corporate social responsibility, instantiated by the quality of services provided by S.C. Electrica S.A. – Electrica Distribution and Supply South Transylvania and the consumers' loyalty towards the company, in case other electricity suppliers emerge. A subsidiary aspect was the generation of a database having an impact on customer retention. We have carried out some quantitative research, based on the survey method, having a sample of 521 household consumers from the Mures County. The study we carried out proves that consumer satisfaction, their degree of satisfaction under different aspects, is a way of gaining their trust on this particular market. Those consumers with a higher degree of trust in the company are more loyal. This will result in reducing migration to another electricity supplier, in the future, when all household consumers become eligible.

Incorporating Transformative Consumer Research into the Consumer Behavior Course Experience

Science.gov (United States)

Petkus, Ed, Jr.

2010-01-01

In contrast to understanding consumer behavior for the benefit of business organizations, transformative consumer research (TCR) seeks to understand consumer behavior for the benefit of consumers themselves. Following Mari's (2008) call for the incorporation of TCR in doctoral programs in marketing, this article outlines the relevance of TCR to…

A mean-field game economic growth model

KAUST Repository

Gomes, Diogo A.

2016-08-05

Here, we examine a mean-field game (MFG) that models the economic growth of a population of non-cooperative, rational agents. In this MFG, agents are described by two state variables - the capital and consumer goods they own. Each agent seeks to maximize his/her utility by taking into account statistical data about the whole population. The individual actions drive the evolution of the players, and a market-clearing condition determines the relative price of capital and consumer goods. We study the existence and uniqueness of optimal strategies of the agents and develop numerical methods to compute these strategies and the equilibrium price.

Influence of consumer behaviour on the energy requirement of private households. Einfluss des Verbraucherverhaltens auf den Energiebedarf privater Haushalte

Energy Technology Data Exchange (ETDEWEB)

1982-01-01

The papers read at the meeting deal with the causes and effects of consumer tendencies towards careful use of energy in private households. The technical, social, and economic marginal conditions are thereby set into relief. Specific statements have only become possible since social scientists and engineers have jointly evolved practicable methods to analyze consumer behaviour.

Consumer cost effectiveness of CO2 mitigation policies in restructured electricity markets

International Nuclear Information System (INIS)

Moore, Jared; Apt, Jay

2014-01-01

We examine the cost of carbon dioxide mitigation to consumers in restructured USA markets under two policy instruments, a carbon price and a renewable portfolio standard (RPS). To estimate the effect of policies on market clearing prices, we constructed hourly economic dispatch models of the generators in PJM and in ERCOT. We find that the cost effectiveness of policies for consumers is strongly dependent on the price of natural gas and on the characteristics of the generators in the dispatch stack. If gas prices are low (∼$4/MMBTU), a technology-agnostic, rational consumer seeking to minimize costs would prefer a carbon price over an RPS in both regions. Expensive gas (∼$7/MMBTU) requires a high carbon price to induce fuel switching and this leads to wealth transfers from consumers to low carbon producers. The RPS may be more cost effective for consumers because the added energy supply lowers market clearing prices and reduces CO 2 emissions. We find that both policies have consequences in capacity markets and that the RPS can be more cost effective than a carbon price under certain circumstances: continued excess supply of capacity, retention of nuclear generators, and high natural gas prices. (letter)

The effect of the behavior of an average consumer on the public debt dynamics

Science.gov (United States)

De Luca, Roberto; Di Mauro, Marco; Falzarano, Angelo; Naddeo, Adele

2017-09-01

An important issue within the present economic crisis is understanding the dynamics of the public debt of a given country, and how the behavior of average consumers and tax payers in that country affects it. Starting from a model of the average consumer behavior introduced earlier by the authors, we propose a simple model to quantitatively address this issue. The model is then studied and analytically solved under some reasonable simplifying assumptions. In this way we obtain a condition under which the public debt steadily decreases.

The Effects of National Cultural Traits on BOP Consumer Behavior

Directory of Open Access Journals (Sweden)

Tsai Chi Kuo

2016-03-01

Full Text Available Scholars who aim to solve problems with poverty and a lack of resources often focus on bottom of pyramid (BOP consumer groups. They propose that the traditional TOP (top of pyramid business strategies are not suitable for BOP populations, and that it is crucial to determine and satisfy BOP consumption demands. The purpose of this study is to find out which factors influence BOP consumption, and to explore BOP integrated products. The concepts of “national cultural traits” and sustainable product design are also used. The findings will help enterprises learn how to make profits in BOP markets (addressing economic goals, while helping the poor get out of poverty (addressing social goals. Two different areas concerning BOP consumers are used to illustrate the results.

The negative impact of technological accidents on the consumers behaviors

International Nuclear Information System (INIS)

Demedardi, J.A.

2009-01-01

After the accidental release in the Tricastin site, the wine producers of this region where grows a vineyard with a protected designation of origin (A.O.C. in French legislation) noticed a consistent decrease of their sales. This consumers behavior is not rational because the vineyard is far from the area concerned by this accidental pollution. Face to an open market, the consumer has a freedom of choice that allows him to reject a product on which a sanitary suspicion presses. That is what shows an inquiry made by students in France. The consequences of an accident are not only linked to the sanitary safety or environmental stakes but depends on economical mechanisms such image or attractiveness loss. (N.C.)

Higher Education, Collaboration and a New Economics

Science.gov (United States)

Fulford, Amanda

2016-01-01

In this article I take as my starting point the economist, Jeremy Rifkin's, claims about the rise of what he calls the "collaborative commons". For Rifkin, this is nothing less than the emergence of a new economic paradigm where traditional consumers exploit the possibilities of technology, and position themselves as…

Modelling the Choices of Romanian Consumers in the Context of the Current Economic Crisis

Directory of Open Access Journals (Sweden)

Madalina Balau

2012-05-01

Full Text Available Consumption is a key factor of the nowadays post-industrial society, while it is a real engine ofproduction, diversity of offer and demand, and motive for innovation. On the other side, consumption can beharmful to the same society and to environment if it develops in an un-sustainable way. That is why,understanding the consumer behaviour is of great importance not only to satisfy his or her needs but also tofind appropriate means to educate people and issue policies that can lead to sustainable consumption anddevelopment. The paper presents some models and theories regarding the consumer behaviour and proposesmeans to influence consumption characteristics and habits of people. The modelling approach isdeterministic, using Expectancy-Value theory, taking into account not only explicit (rational choices but alsohabits or incentives (non-rational choices, in a weighted quantitative model. The novelty of the approachconsists in the way non-rational choices are taken into consideration for the existing model, and on how it isused in determining directions for sustainable consumption. The study is developed on public data regardingconsumers of general goods in Romania.

WAVELET COMOVEMENT ANALYSIS BETWEEN TENDENCYSURVEYS AND ECONOMIC ACTIVITY IN TURKEY

Directory of Open Access Journals (Sweden)

Sadullah Çelik

2011-01-01

Full Text Available It is now common practice to measure economy-wide expectations so thatadditional information on the future path of economic variables like growth,unemployment and inflation could be extracted. Thewell-known methodology isto use tendency surveys, which cover producers and/or consumers. FollowingYıldırım (2002, this paper is an attempt to assesswhether there is anyconsiderable pattern of comovement between selectedmacroeconomic variables(growth, unemployment and inflation and tendency surveys (the ConsumerTendency Survey-CTS and Business Tendency Survey-BTS in Turkey. Ouroriginality is that we employ the wavelet comovement analysis, developed by Rua(2010, which is a strong methodological improvement combining the measuresof comovement in time and frequency domain. We usemonthly data to examinethe period of January 2007 – March 2011 so that ouranalysis involves pre- andpost- global financial and economic crisis. Our findings show that businesstendency surveys exhibit significant comovement with industrial production andinflation in high and low frequency. On the other hand, consumer tendencysurveys follow similar patterns with the change ininflation in high frequencyespecially during the global crisis period of 2009.

16 CFR 1000.28 - Directorate for Economic Analysis.

Science.gov (United States)

2010-01-01

..., social and environmental effects of Commission actions. It analyzes the potential effects of CPSC actions... surveys of consumers and industries. It studies the costs of accidents and injuries. It evaluates the economic, societal, and environmental impact of product safety rules and standards. It performs regulatory...

Sustainability and Philanthropic Awareness in Clothing Disposal Behavior Among Young Malaysian Consumers

Directory of Open Access Journals (Sweden)

Loi Wai Yee

2016-01-01

Full Text Available Young consumers are the stylish shoppers who have a strong tendency to follow the latest fashion. With the rapid changes in the fashion trends, the overconsumption of clothing has had a significant environmental impact on society. Hence, there is a need to understand how young fashionable consumers are disposing their unwanted clothes. The survey was conducted among 205 young respondents, and the results show that clothing disposal behavior is affected by philanthropic awareness and mediated by the attitude toward clothing disposal. Interestingly, environmental economic factors only influence clothing disposal behavior through the attitude toward the disposal of clothing. The findings provide a valuable insight into the government and related authorities or organizations in developing strategies to encourage young consumers to increase their clothing-recycling rate, and, thus, eliminate the environmental issues in near future.

Marketing strategies - consumers

International Nuclear Information System (INIS)

Campbell, C.

1985-01-01

As Australia's largest consumer organisation, the Australian Consumers' Association (ACA) has a vital role in providing information, so consumers can make an informed choice, as well as participating in formulation of standards to increase the quality of products, including foods. The consumer movement is marketing the process of irradiation and will continue to give consumers information that allows them to make an informed choice

Combined-cycle steam section parametric analysis by thermo-economic simulation

International Nuclear Information System (INIS)

Macor, A.; Reini, M.

1991-01-01

In the case of industrial cogeneration plants, thermal power production is, in general, strictly dependent on the technological requirements of the production cycle, whereas, the electrical power which is produced can be auto- consumed or ceded to the utility grid. In both cases, an economic worth is given to this energy which influences the overall economic feasibility of the plant. The purpose of this paper is to examine parametric inter-relationships between economic and thermodynamic performance optimization techniques. Comparisons are then made of the results obtained with the use of the thermo- economic analysis technique suggested in this paper with those obtained with the use of indicators in other exergo-economic analysis techniques

8 CFR 313.2 - Prohibitions.

Science.gov (United States)

2010-01-01

... in the United States of a totalitarian dictatorship; or (c) Is or has been a member of or affiliated... totalitarian dictatorship, either through its own utterance or through any written or printed matter published...

An agent-based model of electricity consumer : Smart metering policy implications in Europe

NARCIS (Netherlands)

Vasiljevska, J.; Douw, J.V.; Mengolini, A.; Nikolic, I.

2017-01-01

EU Regulation 2009/72/EC concerning common rules for internal market in electricity calls upon 80% of EU electricity consumers to be equipped with smart metering systems by 2020, provided that a positive economic assessment of all long-term costs and benefits to the market and the individual

Consumer participation in housing: reflecting on consumer preferences.

Science.gov (United States)

Browne, Graeme; Hemsley, Martin

2010-12-01

Historically, people living with mental illness have had limited chance to participate in mental health services other than as patients. Following on from a recent review focusing on consumer participation in mental health services, this paper looks at consumer participation in housing. Housing is a critical element in recovery from mental illness. Without suitable housing, people have little chance of maintaining other resources in their lives, such as supportive social relationships and meaningful activities. Consumer participation is not a common topic in the recent literature, despite the significant public policy push to promote it. The importance of appropriate housing to the recovery of people living with mental illness cannot be underestimated. Even well-meaning and well-resourced housing initiatives can fall short of meeting consumers' recovery goals when they do not incorporate the expressed needs of consumers. These expressed needs include keeping units small in size and employing drop-in support models.

Československý komunistický režim v letech 1985 – 1989

Directory of Open Access Journals (Sweden)

Jan Civín

2005-08-01

Full Text Available This paper deals with the Czechoslovak communist regime in the period 1985 – 1989. The author analyses character of the communist regime, the special features of the liberation and the fall of this regime. He applies theories of Carl J. Friedrich, Zbigniew Brzezinski, Juan J. Linz, Alfred Stepan, Gordon Skilling, Wolfgang Merkel, Herbert Kitschelt, Adam Przeworski and others. In author’s opinion the Czechoslovak communist regime was a ”melting” post-totalitarianism. It is a special category of post-totalitarian regimes that gives together natures of Linz´s and Stepan´s ”frozen” and ”mature” post-totalitarianism and Skilling´s ”consultative” and ”quasi-pluralistic” post-totalitarianism. The specific character of the Czechoslovak communist regime resulted in the ”negotiated collapse”.

Economic analysis of alternatives for optimizing energy use in manufacturing companies

International Nuclear Information System (INIS)

Méndez-Piñero, Mayra Ivelisse; Colón-Vázquez, Melitza

2013-01-01

The manufacturing companies are one of the main consumers of energy. The increment in global warming and the instability in the petroleum oil market have motivated companies to find alternatives to reduce energy use. In the academic literature several researchers have demonstrated that optimization models can be successfully used to reduce energy use. This research presents the use of an optimization model to identify feasible economic alternatives to reduce energy use. The economic analysis methods used were the payback and the internal rate of return. The optimization model developed in this research was applied and validated using an electronic manufacturing company case study. The results demonstrate that the main variables affecting the economic feasibility of the alternatives are the economic analysis method and the initial implementation costs. Several scenarios were analyzed and the best results show that the manufacturing company could save up to $78,000 in three years if the recommendations based on the optimization model results are implemented. - Highlights: • Evaluate top consumers of energy in manufacturing: A/C, compressed air, and lighting • Economic analysis of alternatives to optimize energy used in manufacturing • Comparison of payback method and internal rate of return method with real data • Results demonstrate that the company could generate savings in energy use

Economic importance of the small miner and small mining businesses in Alaska

Energy Technology Data Exchange (ETDEWEB)

Hawley, C.C.; Whitney, J.W.; Wobber, F.J.

1977-11-01

This study documents the economic characteristics of the small mining industry in Alaska, including both mine production and mineral deposit discovery. Economic effects on business activities in Alaska are considered. The study is largely qualitative in nature. It is based on state economic statistics, data obtained from state and federal government agencies, interviews, and indirect evaluation. Direct and indirect effects on employment, purchase and maintenance of heavy equipment, fuels, other consumables, and transportation are identified.

Consumer Health Informatics Aspects of Direct-to-Consumer Personal Genomic Testing.

Science.gov (United States)

Gray, Kathleen; Stephen, Remya; Terrill, Bronwyn; Wilson, Brenda; Middleton, Anna; Tytherleigh, Rigan; Turbitt, Erin; Gaff, Clara; Savard, Jacqueline; Hickerton, Chriselle; Newson, Ainsley; Metcalfe, Sylvia

2017-01-01

This paper uses consumer health informatics as a framework to explore whether and how direct-to-consumer personal genomic testing can be regarded as a form of information which assists consumers to manage their health. It presents findings from qualitative content analysis of web sites that offer testing services, and of transcripts from focus groups conducted as part a study of the Australian public's expectations of personal genomics. Content analysis showed that service offerings have some features of consumer health information but lack consistency. Focus group participants were mostly unfamiliar with the specifics of test reports and related information services. Some of their ideas about aids to knowledge were in line with the benefits described on provider web sites, but some expectations were inflated. People were ambivalent about whether these services would address consumers' health needs, interests and contexts and whether they would support consumers' health self-management decisions and outcomes. There is scope for consumer health informatics approaches to refine the usage and the utility of direct-to-consumer personal genomic testing. Further research may focus on how uptake is affected by consumers' health literacy or by services' engagement with consumers about what they really want.

Small Wind Electric Systems: A New Mexico Consumer's Guide

International Nuclear Information System (INIS)

O'Dell, K.

2001-01-01

The New Mexico Consumer's Guide for Small Wind Electric Systems provides consumers with enough information to help them determine if a small wind electric system can provide all or a portion of the energy they need for their home or business based on their wind resource, energy needs, and their economics. Topics discussed in the guide include: how to make your home more energy efficient, how to choose the right size turbine, the parts of a wind electric system, determining if there is enough wind resource on your site, choosing the best site for your turbine, connecting your system to the utility grid, and if it's possible to become independent of the utility grid using wind energy. In addition, the cover of the guide contains a state wind resource map and a list of state incentives and state contacts for more information

Small Wind Electric Systems: A South Dakota Consumer's Guide

International Nuclear Information System (INIS)

O'Dell, K.

2001-01-01

The South Dakota Consumer's Guide for Small Wind Electric Systems provides consumers with enough information to help them determine if a small wind electric system can provide all or a portion of the energy they need for their home or business based on their wind resource, energy needs, and their economics. Topics discussed in the guide include: how to make your home more energy efficient, how to choose the right size turbine, the parts of a wind electric system, determining if there is enough wind resource on your site, choosing the best site for your turbine, connecting your system to the utility grid, and if it's possible to become independent of the utility grid using wind energy. In addition, the cover of the guide contains a state wind resource map and a list of state incentives and state contacts for more information

[MATCHE: Management Approach to Teaching Consumer and Homemaking Education.] Consumer Approach Strand: Textiles and Clothing. Module I-D-4: Applications and Implications of New Technology in Textiles and Clothing.

Science.gov (United States)

Joseph, Marjory

This competency-based preservice home economics teacher education module on applications and implications of new technology in textiles and clothing is the fourth in a set of four modules on consumer education related to textiles and clothing. (This set is part of a larger series of sixty-seven modules on the Management Approach to Teaching…

The Giffen Effect: A Note on Economic Purposes.

Science.gov (United States)

Williams, William D.

1990-01-01

Describes the Giffen effect: demand for a commodity increases as price increases. Explains how applying control theory eliminates the paradox that the Giffen effect presents to classic economics supply and demand theory. Notes the differences in how conventional demand theory and control theory treat consumer behavior. (CH)

Evaluation of consumer satisfaction using the tetra-class model.

Science.gov (United States)

Clerfeuille, Fabrice; Poubanne, Yannick; Vakrilova, Milena; Petrova, Guenka

2008-09-01

A number of studies have shown the importance of consumers' satisfaction toward pharmacy services. The measurement of patient satisfaction through different elements of services provided is challenging within the context of a dynamic economic environment. Patient satisfaction is the result of long-term established habits and expectations to the pharmacy as an institution. Few studies to date have attempted to discern whether these changes have led to increased patient satisfaction and loyalty, particularly within developing nations. The objective of this study was to evaluate the elements of the services provided in Bulgarian pharmacies and their contribution to consumer satisfaction using a tetra-class model. Three main hypotheses were tested in pharmacies to validate the model in the case of complex services. Additionally, the contribution of the different service elements to the clients' satisfaction was studied. The analysis was based on a survey of customers in central and district pharmacies in Sofia, Bulgaria. The data were analyzed through a correspondence analysis which was applied to the results of the 752 distributed questionnaires. It was observed that different dimensions of the pharmacies contribute uniquely to customer satisfaction, with consumer gender contributing greatly toward satisfaction, with type/location of pharmacy, consumer age, and educational degree also playing a part. The duration of time over which the consumers have been clients at a given pharmacy influences the subsequent service categorization. This research demonstrated that the tetra-class model is suitable for application in the pharmaceutical sector. The model results could be beneficial for both researchers and pharmacy managers.

HTR process heat applications, status of technology and economical potential

International Nuclear Information System (INIS)

Barnet, H.

1997-01-01

The technical and industrial feasibility of the production of high temperature heat from nuclear fuel is presented. The technical feasibility of high temperature heat consuming processes is reviewed and assessed. The conclusion is drawn that the next technological step for pilot plant scale demonstration is the nuclear heated steam reforming process. The economical potential of HTR process heat applications is reviewed: It is directly coupled to the economical competitiveness of HTR electricity production. Recently made statements and pre-conditions on the economic competitiveness in comparison to world market coal are reported. (author). 8 figs

Consumer choice between ethanol and gasoline: Lessons from Brazil and Sweden

Energy Technology Data Exchange (ETDEWEB)

Pacini, Henrique, E-mail: henrique.pacini@energy.kth.se; Silveira, Semida, E-mail: semida.silveira@energy.kth.se

2011-11-15

The introduction of flex-fuel vehicles since 2003 has made possible for Brazilian drivers to choose between high ethanol blends or gasoline depending on relative prices and fuel economies. In Sweden, flex-fuel fleets were introduced in 2005. Prices and demand data were examined for both Brazil and Sweden. Bioethanol has been generally the most cost-efficient fuel in Brazil, but not for all states. In any case, consumers in Brazil have opted for ethanol even when this was not the optimal economic choice. In Sweden, a different behavior was observed when falling gasoline prices made E85 uneconomical in late 2008. In a context of international biofuels expansion, the example of E85 in Sweden indicates that new markets could experience different consumer behavior than Brazil: demand falls rapidly with reduced price differences between ethanol and gasoline. At the same time, rising ethanol demand and lack of an international market with multiple biofuel producers could lead to higher domestic prices in Brazil. Once the limit curve is crossed, the consumer might react by shifting back to the usage of gasoline. - Research Highlights: > Brazil and Sweden both have infrastructure for high fuel ethanol blends. > Flex-fuel vehicles enable competition between ethanol and gasoline in fuel markets. > Data suggests that consumers make their fuel choice based mainly on prices. > Consumers in Sweden appear to be more price-sensitive than their Brazilian counterparts. > In the absence of international markets, high ethanol prices may drive consumers back to gasoline.

How may consumer policy empower consumers for sustainable lifestyles?

DEFF Research Database (Denmark)

Thøgersen, John

2005-01-01

Consumer policy can empower consumers for changing lifestyles by reducing personal constraints and limitations, but it should also attempt to loosen some of the external constraints that make changes towards a more sustainable lifestyle difficult. In terms of reducing consumers' subjectively felt...... restrictions on their ability to change lifestyle, the two approaches are equivalent. Policies that increase a feeling of empowerment may also have a positive effect on consumers' motivation to make an effort, thus amplifying its effects. In this paper both types of constraints on lifestyle changes...

Changes in seafood consumer preference patterns and associated changes in risk exposure

Energy Technology Data Exchange (ETDEWEB)

Jensen, Helen H. [Iowa State University, Department of Economics, 578 Heady Hall, Ames, IA 50011 (United States)]. E-mail hhjensen@iastate.edu

2006-07-01

Consumers world-wide are driving changes in the agriculture and food sector. Rising consumer income, changing demographics and lifestyles, and shifting preferences due to new information about the links between diet and health all contribute to new demands for foods. At the same time, technological changes in production, processing and distribution, growth in large-scale retailing, and changes in product availability, as well as expansion of trade world wide, have contributed to a rapidly changing market for food products. Changes in seafood consumption reflect these changes. The changes in consumer consumption patterns, new technologies and trade in product offer both expanded markets as well as new challenges to consumer exposure to food-borne risks. The strict quality control requirements of retail brokers, growth of private labels, and development of value-protecting marketing channels have become increasingly important in food markets. This paper addresses major trends that affect seafood consumption and the market for seafood products and the implications of these changes for consumer risk exposure to food safety hazards. The current economic environment highlights similarities and differences between the developed and developing countries, as well as diversity worldwide in consumption of seafood. Within this context, four major trends affect consumer consumption of foods, including seafood and fish products today: rising income; changing demographics; changing markets for food; and an increasingly global market for food products. Changes in consumer risk exposure to food safety problems are addressed in the context of these trends.

Changes in seafood consumer preference patterns and associated changes in risk exposure

International Nuclear Information System (INIS)

Jensen, Helen H. . E-mail hhjensen@iastate.edu

2006-01-01

Consumers world-wide are driving changes in the agriculture and food sector. Rising consumer income, changing demographics and lifestyles, and shifting preferences due to new information about the links between diet and health all contribute to new demands for foods. At the same time, technological changes in production, processing and distribution, growth in large-scale retailing, and changes in product availability, as well as expansion of trade world wide, have contributed to a rapidly changing market for food products. Changes in seafood consumption reflect these changes. The changes in consumer consumption patterns, new technologies and trade in product offer both expanded markets as well as new challenges to consumer exposure to food-borne risks. The strict quality control requirements of retail brokers, growth of private labels, and development of value-protecting marketing channels have become increasingly important in food markets. This paper addresses major trends that affect seafood consumption and the market for seafood products and the implications of these changes for consumer risk exposure to food safety hazards. The current economic environment highlights similarities and differences between the developed and developing countries, as well as diversity worldwide in consumption of seafood. Within this context, four major trends affect consumer consumption of foods, including seafood and fish products today: rising income; changing demographics; changing markets for food; and an increasingly global market for food products. Changes in consumer risk exposure to food safety problems are addressed in the context of these trends

Changes in seafood consumer preference patterns and associated changes in risk exposure.

Science.gov (United States)

Jensen, Helen H

2006-01-01

Consumers world-wide are driving changes in the agriculture and food sector. Rising consumer income, changing demographics and lifestyles, and shifting preferences due to new information about the links between diet and health all contribute to new demands for foods. At the same time, technological changes in production, processing and distribution, growth in large-scale retailing, and changes in product availability, as well as expansion of trade world wide, have contributed to a rapidly changing market for food products. Changes in seafood consumption reflect these changes. The changes in consumer consumption patterns, new technologies and trade in product offer both expanded markets as well as new challenges to consumer exposure to food-borne risks. The strict quality control requirements of retail brokers, growth of private labels, and development of value-protecting marketing channels have become increasingly important in food markets. This paper addresses major trends that affect seafood consumption and the market for seafood products and the implications of these changes for consumer risk exposure to food safety hazards. The current economic environment highlights similarities and differences between the developed and developing countries, as well as diversity worldwide in consumption of seafood. Within this context, four major trends affect consumer consumption of foods, including seafood and fish products today: rising income; changing demographics; changing markets for food; and an increasingly global market for food products. Changes in consumer risk exposure to food safety problems are addressed in the context of these trends.

Value Co-creation from the Consumer Perspective

Science.gov (United States)

Baron, Steve; Warnaby, Gary

The paper provides the basis for a classification of organizational operant resources as seen from a customer perspective. It facilitates, particularly, research and further understanding of Foundational Premise 9 (FP9) of the service-dominant logic of marketing (i.e. all social and economic actors are resource integrators), and suggests areas for more focused research on other foundational premises relating to value co-creation. It is based on research undertaken for, and with, the British Library, and offers an alternative research approach to the more conventional ­customer satisfaction survey in order to ascertain value from a ­consumer perspective.

Estimation of Cost Pass Through to Michigan Consumers in the ADM Price Fixing Case

OpenAIRE

Cotterill, Ronald W.

1998-01-01

This report analyzes the economic impact of price fixing in the wet corn milling industry on consumers in the State of Michigan. Two of the companies who produce citric acid have pleaded guilty to fixing its price. In this report we assume that price fixing also occurred among HFCS producers. Given the structure of the corn wet milling industry and the direct purchaser industries, the overcharge is essentially uniform across buyers and selling arrangements. We develop an actual economic model...

Economics, Marketing and Low Income Individuals: interest after a history of indifference

Directory of Open Access Journals (Sweden)

Marcus Wilcox Hemais

2014-08-01

Full Text Available During the early years of marketing, researchers used theories and concepts from economics as base for the development of their own theories and concepts. This similarity can be seen in the way marketing viewed the low income individual and his relationship with consumption, in the first studies of the subject. Like the economists, researchers in marketing described these individuals as dependents of society and governments to better their lives. This view changes when Prahalad defends a new perspective, through which individuals in this context are seen as consumers, with desires to consume products of diverse nature. The objective of this article, therefore, is to analyze the paths trailed by economics and two moments in marketing about the low income individual. Initially, the view economics has on low income individuals is discussed, so that, afterwards, two perspectives of marketing about this segment can be presented.

Linking consumer energy efficiency with security of supply

International Nuclear Information System (INIS)

Rutherford, J.P.; Scharpf, E.W.; Carrington, C.G.

2007-01-01

Most modern energy policies seek to achieve systematic ongoing incremental increases in consumer energy efficiency, since this contributes to improved security of supply, favourable environmental outcomes and increased economic efficiency. Yet realised levels of efficiency are typically well below the most cost-effective equilibrium due to variety of behavioural and organisational barriers, which are often linked to information constraints. In addition efficient users are normally unrewarded for collective benefits to system security and to the environment, thus reducing the incentives for energy consumers to invest in efficiency improvements. This paper examines the dichotomies and symmetries between supply- and demand-side solutions to energy security concerns and reviews opportunities to overcome barriers to improved consumer efficiency. A security market is identified as a mechanism to promote both demand- and supply-side investments that support electricity system security. Such a market would assist in setting the optimal quantity of reserves while achieving an efficient balance between supply- and demand-side initiatives. It would also help to smooth overall investment throughout the energy system by encouraging incremental approaches, such as distributed generation and demand-side alternatives where they provide competitive value. Although the discussion is applicable to energy systems in general, it focuses primarily on electricity in New Zealand

USING CHILDREN TO SELL: CHILDHOOD AND ADVERTISING OF CONSUMER MAGAZINES

Directory of Open Access Journals (Sweden)

Paula Deporte Andrade

2010-09-01

Full Text Available In the present society, also identified as a "consumer society" (Bauman, 2008, people, irrespective of gender, age, social and financial conditions, are all called for consumption. In this article we turn to the childhood and approached one of the faces of their insertion into the society of consumers, trying to show how children are used to sell. As a frame of theoretical reference we adopt, among others, the writings of Zygmunt Bauman, Juliet Schor and Robert Bocock, dealing with contemporary versions of consumption. Analyzing weekly magazines of large circulation, we discuss how productive it is for the economic market the alliance between childhood and consumption and we argue that this use of children in publicity contributes for a new conception of childhood: the childhood of consumption. An erotized childhood, always wanting more and never feeling satisfied, focused in acquiring and showing off. This is the childhood that is coming to school with new interests, preferences and behavior, deserving our entire attention. Key-words: contemporary childhood, childhood and consumption, consumer society, advertising, magazines.

Active Control of Thermostatic Loads for Economic and Technical Support to Distribution Grids

DEFF Research Database (Denmark)

Bhattarai, Bishnu Prasad; Mendaza, Iker Diaz de Cerio; Bak-Jensen, Birgitte

2016-01-01

Active control of electric water heaters (EWHs) is presented in this paper as a means of exploiting demand flexibility for supporting low-voltage (LV) distribution grids. A single-node model of an EWH is implemented in DIgSILENT PowerFactory using a thermal energy balancing equation and three...... decentralized control schemes are designed to ensure consumer comfort, economic benefit to the consumer, and technical support to LV grids. First, a price-based control that adaptively adjusts an allowable energy band per electricity price is implemented to ensure economic benefit. Next, an adaptive update...... of the energy band is done based on feeder loading to respect thermal grid constraints. Finally, a voltage-based control is implemented to provide real-time voltage support to the LV grids. Simulation results demonstrate the capability of the presented method to realize both economic and technical advantages...

Economic impacts of hurricanes on forest owners

Science.gov (United States)

Jeffrey P. Prestemon; Thomas P. Holmes

2010-01-01

We present a conceptual model of the economic impacts of hurricanes on timber producers and consumers, offer a framework indicating how welfare impacts can be estimated using econometric estimates of timber price dynamics, and illustrate the advantages of using a welfare theoretic model, which includes (1) welfare estimates that are consistent with neo-classical...

Uruguay; Recent Economic Developments

OpenAIRE

International Monetary Fund

1996-01-01

This paper describes economic developments in Uruguay during the 1990s. Real GDP expanded on average by more than 4 percent a year in 1990–94 and fell by 2½ percent in 1995. The rapid growth of output during 1990–94 reflected buoyant external demand from Uruguay’s main trading partners (Argentina and Brazil), as well as progress in strengthening the public finances, reducing wage indexation, opening the economy, and curtailing government intervention. Consumer price inflation fell steadily fr...

An Economic Model of Brazil’s Ethanol-Sugar Markets and Impacts of Fuel Policies

NARCIS (Netherlands)

Drabik, D.; Gorter, de H.; Just, D.R.; Timilsina, G.R.

2014-01-01

We develop an economic model of flex plants, export demands and two domestic fuel demand curves: E25, a 25 percent blend of ethanol with gasoline consumed by conventional cars, and E100, ethanol consumed only by flex cars. This allows us to analyze the market impacts of specific policies, namely the

Obesity: can behavioral economics help?

Science.gov (United States)

Just, David R; Payne, Collin R

2009-12-01

Consumers regularly and predictably behave in ways that contradict standard assumptions of economic analysis such that they make decisions that prevent them from reaching rationally intended goals. These contradictions play a significant role with respect to consumers' food decisions and the effect these decisions have on their health. Food decisions that are rationally derived include those that trade short-term gains of sensory pleasure (hedonic) for longer term gains of health and wellness (utilitarian). However, extra-rational food decisions are much more common. They can occur because of the contexts in which they are made--such as being distracted or pressed for time. In these contexts, heuristics (or rules of thumb) are used. Because food decisions are made with little cognitive involvement, food policies designed to appeal to highly cognitive thought (e.g., fat taxes, detailed information labels) are likely to have little impact. Furthermore, food marketing environments influence not only what foods consumers buy but also how much. As a general principle, when individuals do not behave in their own interest, markets will feed perverse and sub-optimal behaviors. Given the limited ability of individuals to retain and use accurate health information coupled with varying levels of self control, profit motivations of marketers can become predatory--though not necessarily malicious. Alternative policy options that do not restrict choice are outlined, which enable consumers to make better decisions. These options allow for profit motivations of marketers to align with the long-term well being of the consumer.

Market Segmentation Based on the Consumers' Impulsive Buying Behaviour

Directory of Open Access Journals (Sweden)

Mirela Mihić

2010-12-01

Full Text Available The major purpose of this research is to determine the sufficiently different segments of consumers based on their impulsivity in the buying behaviour. The research was conducted in Splitsko-Dalmatinska county on the sample of 180 respondents. Based on the subject matter and research goals, the basic as well as four additional hypotheses were set. The used methodology comprised of the cluster analysis, which helped to divide three segments that were named as: ‘’rational’’, ‘’somewhat rational and somewhat impulsive’’ and ‘’impulsive’’ consumers. The variance analysis was used in order to describe the segments properly and to determine whether they are different enough with respect to demographic, socio-economic characteristics and individual differences variables. The findings confirmed the hypothesis based on the possibility of dividing different consumer segments according to the analysed variables. Correlating the demographics and individual differences factors with the impulse buy, the expected results were gained. When analyzing demographics the results indicate the segment differentiation solely in the case of age and working status. However, from the aspect of majority of individual differences variables the distinction among the segments is significant.

Global city aspirations, graduated citizenship and public housing: analysing the consumer citizenships of neoliberalism

Directory of Open Access Journals (Sweden)

Dallas Rogers

2014-01-01

Full Text Available Global city discourses rearticulate the relationships between the state, urban space and the global economy. At the local level, global city reconfigurations stamp the mark of a global economic order onto local citizenship practices. Public housing is a legacy of specific national (welfare states where citizenship rights arose from territorially bound constitutional discourses, and is incompatible in its current form with the consumer-based rights and responsibilities of a global economic order. At the same time, property markets in high-value areas of cities like Sydney, Australia, see not only increasing presence of international investment but fundamental changes in planning and governance processes in order to facilitate it. Global market-oriented discourses of urban governance promote consumer “performances of citizenship” and a graduated approach to the distribution of rights, including the right to housing. In this article we explore what is new about neoliberal approaches to public and social housing policy, and how public tenants respond to and negotiate it. In Australia tenants’ right to participate in local-level democracy, and in housing management, must be reconsidered in light of the broader discourses of consumer citizenship that are now enforced on tenants as a set of “responsibilities” to the market and state.

Consumer Behavior Under Imperfect Information: A Review of Psychological and Marketing Research as It Relates to Economic Theory

OpenAIRE

Wilde, Louis L.

1983-01-01

In recent years, theoretical economists have begun to examine the effects of imperfect information on the existence, uniqueness, and efficiency of market equilibria, both in labor markets and in consumer product markets. Two significant conclusions can be drawn from this literature: (1) the properties of market equilibria are extremely sensitive to the search strategies used by consumers or workers, and (2) the key to “stabilizing” markets at price or wage distributions which are competitive ...

Research Monograph on Federal International Economic Emergency Planning.

Science.gov (United States)

1985-10-31

rights to use such information in the form of licenses, patents, franchises , etc. I Accordingly, for purposes of this study, we shall define economics...existence of the Washington Metropolitan Area’s rapid transit system, U.S. production of subway cars U . has ended. Consumer products ranging from

How may consumer policy empower consumers for sustainable lifestyles?

DEFF Research Database (Denmark)

Thøgersen, John

At least judged by its outcome, it seems that consumers in the rich parts of the world make less of an effort at changing their lifestyle in a sustainable direction than is desired by society and than is in their own collective long-term interest. Part of the explanations is that individual......'s striving for sustainability. The relevant external conditions are an extremely diverse set of factors, perhaps their only commonality being that, unless making an organized effort, consumers can do nothing about them. Because external conditions influence all or many consumers, making them more...... facilitating for sustainable consumption can be much more effective than anything an individual consumer can do. Many of the external constraints facing consumers who want to adopt a more sustainable lifestyle are of a relative nature and their impact depends on the individual's resources. For instance...

Change of values in the consumer society

Directory of Open Access Journals (Sweden)

Austruma S.

2012-10-01

Full Text Available A common feature of our age is orientation of young people towards transitional values. Economic partnership of consumer society has a direct impact on values of society and even if the process of change of values can be affected by formers of education politics, economists and politicians, young people still choose values, which conform with their own lifestyle. Content of educational subjects is connected with study, succession of cultural values, study of classified knowledge and skills, which is also a prerequisite of formation of personality. Societies of all ages has formed according to the specific mechanism, accumulating and integrating general, notable at that time ideas, preserving and transforming their own social experience to the next generations. Each culture declares itself from its scale of values and norms. Priority of change of post material and material values changes together with conditions of cultural, historical and social-political life. Change of paradigms is change of viewpoint of the world, therefore conditions of value choice relate not only to separate groups, but to whole cultures. Young people, similar to other members of society, are forced to construct their own identity and to form their own life insurance strategies offered by the consumer society. Consumer society forms its values and it is creator of its own significance, but young people as social agents are reproducers of values of consumer society. Research results of World Value Surveys (WVS from six continents discovered big differences in value priorities between younger and older generations, which indicates not only inter-generation value change, but also changes in the whole society. The research “Value choice of young people in consumer society” in our country shows, that although the lifestyle of young people is pragmatic, traditional value – family is also one of the most often mentioned and important values in consumer society. But

Using sensory experiments to determine consumers willingness to pay for traditional apple varieties

Energy Technology Data Exchange (ETDEWEB)

Dinis, I.; Simoes, O.; Moreira, J.

2011-07-01

The last two decades have witnessed an increasing enthusiasm of consumers for products with specific characteristics, whether related to origin or production technology. Several studies show that consumers are willing to pay price premium for organic products and we may expect that the same happens with other attributes, such as origin and tradition. The aim of this study, based on surveys conducted in the context of a taste panel, is to establish the price premium that consumers are willing to pay for the feature traditional variety, using Portuguese traditional varieties of apples as a case study. Using contingent valuation to determine the willingness to pay and panel data techniques for estimation, a hedonic price model is developed to explain how the price that consumers declare to be willing to pay is related, besides variety, to different attributes of apples, such as appearance and taste, production method and threat of extinction. The results suggest that consumers, regardless of their socio-economic characteristics, are willing to pay a higher price not only for apples with better taste, appearance and smell, but also for Portuguese traditional varieties. (Author) 48 refs.

The Draft Directive on Consumer Rights: Choices Made and Arguments Used

Directory of Open Access Journals (Sweden)

Willem H. van Boom

2009-11-01

Full Text Available The 2008 proposal for a Directive on Consumer Rights (hereinafter: the Draft aims at reorganizing the acquis of four specific European directives on consumer protection into a more coherent codification of consumer rights. Specifically, it contains rules on precontractual information duties, on withdrawal rights for distance and off-premises contracts, on consumer sales and on general contract terms in consumer contracts. In replacing the four directives with a minimum harmonization character, the Draft marks a further step towards full harmonization of consumer contract law in Europe. This is an unsettling step because the level of protection offered to consumers in the Draft hardly exceeds the level of protection offered by the four directives mentioned earlier. Instead, it diminishes this protection in some regards. In light of all this, the question arises whether the policy choices underlying the Draft are, in fact, convincingly underpinned by solid argumentation. This article addresses this issue by first analyzing the Draft's use of the generic concept of “contracts between consumers and traders”. It is argued that full harmonization of a badly delineated territory is ill-advised. Subsequently, the argumentative power of the policy considerations forwarded by the European Commission in its Regulatory Assessment Study is tested. The article concludes that the Commission’s assessment of expected costs and benefits of the Draft is waver-thin and geared towards persuading the reader of the aptness of choices already made. In some respects, the evidence presented by the Commission is outright unconvincing. At certain points, the Draft even fuels the reader’s suspicion of foregone conclusions. Overall, the need for reduction of the level of protection offered by the current minimum harmonization directives is poorly argued by the Commission and appears, in a number of important ways, not to reflect the socio-economic relationships that

Consumer Behavior of College Students in the Czech Republic

Directory of Open Access Journals (Sweden)

Horakova Monika

2015-12-01

Full Text Available This contribution is a follow-up to the topic of consumer behavior which is analyzed from the economic theory perspective on microeconomic as well as a macroeconomic level. The main objective of the article is to reveal the structure of college students’ consumer basket determined according to disposable income and its changes. In this article, the methodology of a consumer basket was used. The division of it was done by Czech Statistical Office to calculate the inflation rate in the environment of the Czech Republic. In this article, the analysis of college students’ consumer basket was done. The pressure on having a higher qualification in tertiary education is a typical trend across Europe, which is also one of strategic goals of EU Strategy 2020 and its concept. There is clear evidence of a growing segment of college students that represents a significant demand group on the product and service market. The knowledge of their consumer habits is definitely beneficial for companies regarding their competitive advantage and reaching higher incomes from the products offered. The market product consumption is dependent on the total disposable income mainly. That is fundamentally dependent on hours of paid work or other fund contributions. The current disposable income shows the differences regarding consumption expenditures of a consumer basket and its various categories. A lower disposable income is typical for flowing the highest consumer expenditures from class 1 (Food and non-alcoholic beverages to class 4 (Housing, water, electricity, gas and other fuels of a higher disposal income. If the current disposable income of college students increases, there would be higher consumption expenditures regarding classes 9, 3 and 5 (Recreation and culture; Clothing and footwear; Furnishings, household equipment and routine household maintenance. On the contrary, a lower disposable income would mean lower expenditures regarding classes 3, 2 and 9

Essays on Economics of Advertising

OpenAIRE

Valei, Azamat

2017-01-01

The dissertation studies two topics in economics of advertising in the framework of Industrial Organization. Particularly, it considers a role of advertising in the markets with network externalities in consumption and advertising as a strategic response of incumbent to new entry. The first chapter investigates the incentives for a monopolistic firm producing a good with network externalities to advertise when consumers face imperfect information and therefore must search to realize their act...

Economic value of walkability

Energy Technology Data Exchange (ETDEWEB)

Litman, T.

2004-10-12

Traditional transportation planning and evaluation practices treat walking as a minor transport mode. However, it is evident that walking is a critical component of the transport system. This paper presents a series of methods to evaluate the value of walking and walkability, which is defined as the quality of walking conditions, including safety, comfort and convenience. The socio-economic benefits of walking and walkability were discussed, including basic mobility, consumer cost savings and reduced external costs. Efficient land use, community livability, improved public health, economic development and support for equity objectives were also presented as potential benefits. It was concluded that walking receives less than its appropriate share of transportation resources, and that improvements in walkability can provide a high economic return on investment. Increased government funding to walking facilities and programs was recommended. Other recommendations included: shifting road space from traffic and parking lanes to sidewalks and paths; and policies to create more walkable safety and comfort. These recommendations comply with other transport and land use management reforms to reduce automobile dependency and create greater accessibility. refs., tabs., figs.

Economic innovation and efficiency gains as the driving force for accelerating carbon dioxide emissions

Science.gov (United States)

Garrett, T. J.

2012-12-01

It is normally assumed that gains in energy efficiency are one of the best routes that society has available to it for stabilizing future carbon dioxide emissions. For a given degree of economic productivity less energy is consumed and a smaller quantity of fossil fuels is required. While certainly this observation is true in the instant, it ignores feedbacks in the economic system such that efficiency gains ultimately lead to greater energy consumption: taken as a global whole, they permit civilization to accelerate its expansion into the energy reserves that sustain it. Here this argument is formalized from a general thermodynamic perspective. The core result is that there exists a fixed, time-independent link between a very general representation of global inflation-adjusted economic wealth (units currency) and civilization's total capacity to consume power (units energy per time). Based on 40 years of available statistics covering more than a tripling of global GDP and a doubling of wealth, this constant has a value of 7.1 +/- 0.01 Watts per one thousand 2005 US dollars. Essentially, wealth is power. Civilization grows by dissipating power in order to sustain all its current activities and to incorporate more raw material into its existing structure. Growth of its structure is related to economic production, so more energy efficient economic production facilitates growth. Growth is into the reserves that sustain civilization, in which case there is a positive feedback in the economic system whereby energy efficiency gains ultimately "backfire" if their intended purpose is to reduce energy consumption and carbon dioxide emissions. The analogy that can be made is to a growing child: a healthy child who efficiently incorporates food into her structure grows quickly and is able to consume more in following years. Economically, an argument is made that, for a range of reasons, there are good reasons to refer to efficiency gains as economic "innovation", both for

THE LABEL - AN ESSENTIAL TOOL FOR KEEPING THE CONSUMER INFORMED AND FOR PROMOTING PRODUCTS IN THE ECONOMIC AREA

Directory of Open Access Journals (Sweden)

Victoria-Mihaela BRINZEA

2016-05-01

Full Text Available The lifestyle and the technology evolution have significantly changed the consumers’ expectations and behaviors for the alimentary products. Paying more attention to health and welfare, consumers are looking for healthy products, which induces a special sensitivity to all information on the packaging and to the guarantees offered by the presence of official signs of quality. The quality of the product itself is undoubtedly the key to success, but before arriving there, the consumer must be convinced that the product should be bought from all the others that are available in the same category, moment at which the visual appearance of the product must fulfill his role. Deepening the analysis, we can say that although the shape, color, packaging originality are particularly important points, finally, the element that will really make the difference for consumers, today, is the label and the containing information.

Consumer willingness to pay for food safety: the case of mycotoxins in milk

Directory of Open Access Journals (Sweden)

Paolo Sckokai

2014-05-01

Full Text Available Mycotoxins contamination in food is a serious source of health risks. This paper evaluates the Italian consumers’ perception of the mycotoxins’ risk through their willingness to pay (WTP for a hypothetical bottle of milk obtained by cows fed with, inter alia, maize certified for the “good practices” (GPs that reduce this risk. Therefore, a web-based stated choice experiment (SCE has been carried out involving a representative sample of 973 Italian consumers and the WTP has been measured using the panel data version of a Random Parameters Logit (RPL model. Results show that Italian consumers are willing to pay a 29% average price premium for “reduced-mycotoxins” milk. This premium increases for consumers between 44 and 54 years of age, who are students, have completed tertiary education, are economically well-off and shop fairly infrequently.

Dynamic cyclical comovements of oil prices with industrial production, consumer prices, unemployment, and stock prices

International Nuclear Information System (INIS)

Ewing, Bradley T.; Thompson, Mark A.

2007-01-01

This paper examines the empirical relationship between oil prices and several key macroeconomic variables. In particular, we investigate the cyclical comovements of crude oil prices with output, consumer prices, unemployment, and stock prices. The methodology involves the use of the Hodrick-Prescott [Hodrick, R.J., Prescott, E.C., 1980. Post-War US Business Cycles: An Empirical Investigation. Working Paper, Carnegie Mellon University] and Baxter-King [Baxter, M., King, R.G., 1999. Measuring business cycles: approximate band-pass filters for economic time series. Review of Economics and Statistics 81, 575-593] filters, as well as the recently developed full-sample asymmetric Christiano-Fitzgerald [Christiano, L.J., Fitzgerald, T.J., 2003. The band pass filter. International Economic Review 44, 435-465] band-pass filter. Contemporaneous and cross-correlation estimates are made using the stationary cyclical components of the time series to make inference about the degree to which oil prices move with the cycle. Besides documenting a number of important cyclical relationships using three different time series filtering methods, the results suggest that crude oil prices are procyclical and lag industrial production. Additionally, we find that oil prices lead consumer prices. (author)

Consumer life-cycle cost impacts of energy-efficiency standards for residential-type central air conditioners and heat pumps

International Nuclear Information System (INIS)

Rosenquist, Gregory; Chan, Peter; Lekov, Alex; McMahon, James; Van Buskirk, Robert

2001-01-01

In support of the federal government's efforts to raise the minimum energy-efficiency standards for residential-type central air conditioners and heat pumps, a consumer life-cycle cost (LCC) analysis was conducted to demonstrate the economic impacts on individual consumers from revisions to the standards. LCC is the consumer's cost of purchasing and installing an air conditioner or heat pump and operating the unit over its lifetime. The LCC analysis is conducted on a nationally representative sample of air conditioner and heat pump consumers resulting in a distribution of LCC impacts showing the percentage of consumers that are either benefiting or being burdened by increased standards. Relative to the existing minimum efficiency standard of 10 SEER, the results show that a majority of split system air conditioner and heat pump consumers will either benefit or be insignificantly impacted by increased efficiency standards of up to 13 SEER

Consumer life-cycle cost impacts of energy-efficiency standards for residential-type central air conditioners and heat pumps

Energy Technology Data Exchange (ETDEWEB)

Rosenquist, Gregory; Chan, Peter; Lekov, Alex; McMahon, James; Van Buskirk, Robert

2001-10-10

In support of the federal government's efforts to raise the minimum energy-efficiency standards for residential-type central air conditioners and heat pumps, a consumer life-cycle cost (LCC) analysis was conducted to demonstrate the economic impacts on individual consumers from revisions to the standards. LCC is the consumer's cost of purchasing and installing an air conditioner or heat pump and operating the unit over its lifetime. The LCC analysis is conducted on a nationally representative sample of air conditioner and heat pump consumers resulting in a distribution of LCC impacts showing the percentage of consumers that are either benefiting or being burdened by increased standards. Relative to the existing minimum efficiency standard of 10 SEER, the results show that a majority of split system air conditioner and heat pump consumers will either benefit or be insignificantly impacted by increased efficiency standards of up to 13 SEER.

Outsourcing in International Economic Relations

Directory of Open Access Journals (Sweden)

Yuriy Bilan

2017-09-01

Full Text Available Entities from different countries interact through various forms of international cooperation, integration, subcontracting, outsourcing to ensure competitive advantage, reduce costs and increase economic efficiency. The article is an analysis and synthesis of existing approaches to defining the essence of outsourcing research and its application in international. The article deals with the prerequisites of outsourcing as a new form of organization of business processes. There are investigated and classified approaches to defining the essence of outsourcing. The hierarchy of objectives and motives based on organization of outsourcing is built. The practice of outsourcing during implementation of international economic relations is studied. Specifically examined the dynamics of development of the outsourcing market. Studied leader countries which provide outsourcing services and major consumers of these services.

A Profile of Romanian Highly Educated Eco-Consumers Interested in Product Recycling A Statistical Approach

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Simionescu Mihaela

2014-07-01

Full Text Available The objective of this research is to create a profile of the Romanian eco-consumer with university education. The profile is not limited to the information regarding environmental and economic benefits of recycling, but focuses on ecological behaviour. A detailed statistical analysis was made based on a large representative sample of respondents with secondary and university education. Indeed, the tendency of practical ecobehaviour becomes more pronounced for the people with university education. For people that are more than 30 years old the chance of being aware of the significance of the recycling symbols on the packages decreases, the lowest chance being given to people aged more than 50. The respondents that are interested in environment protection buy products with ecological symbols. However, those people who already know the meaning of these symbols do not buy this type of products for ecological reasons, even if they are interested in the environment protection. This research also offers an extensive description of its results, being an opportunity for the respondents to know more about the meaning of the recycling symbols. The results of this research also provide information being a guideline for consumers. This study achieves two main goals: the ecological component (the eco-consumers were identified and ordinary consumers were attracted through the ecological behaviour and the economic aspect (the resources allocation will be more efficient and the marketers will be able to address ecoconsumers who have specific characteristics.

Extended producer responsibility for consumer waste: the gap between economic theory and implementation.

Science.gov (United States)

Dubois, Maarten

2012-09-01

Although economic theory supports the use of extended producer responsibility (EPR) to stimulate prevention and recycling of waste, EPR systems implemented in Europe are often criticized as a result of weak incentives for prevention and green product design. Using a stylized economic model, this article evaluates the efficiency of European EPR systems. The model reveals that the introduction of static collection targets creates a gap between theory and implementation. Static targets lead to inefficient market outcomes and weak incentives for prevention and green product design. The minimum collection targets should be complemented with a tax on producers for the non-collected waste fraction. Because such a tax internalizes the cost of waste disposal, more efficient price signals will lead to better incentives for waste management in a complex and dynamic market.

Inequality and economic marginalisation: How the structure of the ...

African Journals Online (AJOL)

Its emphasis on inclusive growth places issues of distribution more clearly on the agenda than they have been; and the Competition Commission has become poor consumers' knight in shining armour, tackling collusion and highlighting the negative economic (and employment) consequences of South Africa's highly ...

The Role of Consumer's Identification in Consumer Behavior and Branding

Directory of Open Access Journals (Sweden)

Mana Razeghi

2017-11-01

Full Text Available The purpose of this paper is to investigate relationships between congruity of consumer and brand values, brand identification, brand commitment, and word of mouth. In order to test the relationships between variables 600 questionnaire were distributed in Dubai Malls (Sun and Sand Sports and 334 of questionnaires were received and analyzed. To verify the validity of the questionnaire and to test the significance of observer variables (questionnaire and latent variables (factors, confirmatory factor analysis was used, and Cronbach's alpha was employed to test the reliability. To evaluate the association between variables, the Pearson correlation test is used, and then to verify the conceptual model test the structural equation modeling (SEM and LISREL software are deployed. The result shows that Value congruity positively influences consumers' identification with a brand and Value congruity positively influences consumers ‘commitment to brand. The result also shows that Consumer identification has a positive influence on brand commitment and mediating variable between value congruity and brand commitment and Consumers commitment to a brand has a positive influence on positive WOM and mediating variable between consumers' identification and WOM. The results also demonstrate that Consumer identification positively influences positive WOM.