Explaining shopping behavior in a market economy country: A short‐term mathematical model applied to the case of Spain. (6th January 2020)

• Record Type: Journal Article
• Authors: Merello, Paloma; de la Poza, Elena; Jódar, Lucas
• Other Names: Torregrosa Juan R. guestEditor.; Jodar Lucas guestEditor.; Cortés Juan Carlos guestEditor.
• Is Part Of: Mathematical methods in the applied sciences. Volume 43:Number 14(2020)
• Page Start: 8089
• Page End: 8104
• Publication Date: 2020-01-06
• Subjects: bilateral linear matrix difference equation -- compartmental model -- human behavior -- impulsive consumption -- simulation; Mathematics -- Periodicals; Technology -- Mathematics -- Periodicals; 519
• DOI: 10.1002/mma.6072
• Languages: English
• ISSNs: 0170-4214

Abstract

Abstract: In recent decades, pathological consumption has become a growing behavioral misbehavior. Impulsive consumption is governed by two internal behavioral mechanisms that respond fundamentally to the hedonism or Pascal effect and to the emulation or Veblen effect. Today's development of technology acts as a catalyst of consumption by increasing access and availability to products, as well as the advertisement impact. This paper presents a compartmental discrete matrix mathematical model that allows short‐term estimates of ordinary, impulsive, and pathological buyers in Spain in three different economic scenarios. The results show that impulsive and pathological buyers will increase in all the economic scenarios. Notable differences in the number of ordinary buyers are found for the group aged over 65 years.