Explaining shopping behavior in a market economy country: A short-term mathematical model applied to the case of Spain
Corresponding Author
Paloma Merello
Department of Accounting, University of Valencia, Valencia, Spain
Correspondence
Paloma Merello, Department of Accounting, University of Valencia, Valencia, Spain.
Email: [email protected]
Search for more papers by this authorElena de la Poza
Center for Economic Engineering, Universitat Politècnica de València, Valencia, Spain
Search for more papers by this authorLucas Jódar
Institute for Multidisciplinary Mathematics, Universitat Politècnica de València, Valencia, Spain
Search for more papers by this authorCorresponding Author
Paloma Merello
Department of Accounting, University of Valencia, Valencia, Spain
Correspondence
Paloma Merello, Department of Accounting, University of Valencia, Valencia, Spain.
Email: [email protected]
Search for more papers by this authorElena de la Poza
Center for Economic Engineering, Universitat Politècnica de València, Valencia, Spain
Search for more papers by this authorLucas Jódar
Institute for Multidisciplinary Mathematics, Universitat Politècnica de València, Valencia, Spain
Search for more papers by this authorAbstract
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.
CONFLICT OF INTERESTS
This work does not have any conflict of interests.
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Citing Literature
Special Issue:Mathematical Modelling in Engineering & Human Behaviour 2018
30 September 2020
Pages 8089-8104