Showing 1 - 10 of 15
There is a growing consensus in Ecological Economics that consumer preferences are neither fixed nor given, but rather endogenously determined by socio-economic and institutional factors. Hence, policy may promote green preferences directly. Yet any intervention in processes of preference...
Persistent link: https://www.econbiz.de/10010327351
This paper presents a formal model in which differential satiation dynamics of various consumer needs translate into long-run changes of consumer behavior when income rises. In the model individuals allocate their income to the consumption categories proportional to need deprivation states...
Persistent link: https://www.econbiz.de/10010327361
This paper shows how sustainable consumption patterns can spread within a population via processes of social learning even though a strong individual learning bias may favor environmentally harmful products. We present a model depicting how the biased transmission of different behaviors via...
Persistent link: https://www.econbiz.de/10010266737
A characteristic feature of economic development is the ever changing structure of consumption patterns. Reducing the explanation of this phenomenon to changing prices, finally caused by changes in the availability of goods (or characteristics), would neglect a major force driving this change,...
Persistent link: https://www.econbiz.de/10010266740
Boundedly rational consumers rely on their social environment as a source of information. Drawing upon psychological …
Persistent link: https://www.econbiz.de/10010266743
-scale society become consumers in a modern society and where this behaviour is likely to lead our species. …
Persistent link: https://www.econbiz.de/10010267065
in the manner in which tourists used entertaining stimuli in order to attain pleasure. Consumers no longer merely viewed …
Persistent link: https://www.econbiz.de/10010281847
The possibility of the rebound effect to technological progress has triggered a debate in energy economics concerning the usefulness of the promotion of efficiency progress. Until now, a multitude of empirical evidence has been gathered so to assess the magnitude of the effect in the first...
Persistent link: https://www.econbiz.de/10010281850
Strong growth in disposable income has inflated consumption to unprecedented, but not sustainable levels. In this process consumer behavior has been changing. To explain the driving forces of this development, the paper introduces a theory of evolving consumer preferences that is molded in an...
Persistent link: https://www.econbiz.de/10010286752
Behavioral (e.g. consumption) patterns of boundedly rational agents can lead these agents into learning dynamics that appear to be wasteful in terms of well-being or welfare. Within settings displaying preference endogeneity, it is however still unclear how to conceptualize well-being. This...
Persistent link: https://www.econbiz.de/10010286756