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Exploring the consumer profile of students. An economic approach

Author

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  • Mihaela Brindusa TUDOSE

    (Lecturer at Gheorghe Asachi Technical University, Iasi, Romania)

Abstract

The study presents the main features of consumer behavior patterns from an economic perspective (Marshallian, Pavlovian, Freudian, Veblenian, and Hobbesian models). Based upon the qualitative analyses (which have used the information from two focus groups and the student's statement related to the importance of various categories of expenditure, valued on a 5-step scale) and quantitative analyses (which aimed the actual student allocations per expenditure category), the consumer profile of the students learning in the city of Iasi was achieved. The results of the qualitative research reveal that the student's consumer behavior profile corresponds to the Freudian model (based upon attitudes, the intensity of needs, opinions and motivations), and the results of the quantitative analysis reveal that the student's consumer behavior profile corresponds to the Veblenian model (based upon the desire to obtain a certain prestige rather than the motivation to satisfy needs). The study confirms the results of previous research, according to which the rationality of decisions to meet individual needs is strongly influenced by circumstances.

Suggested Citation

  • Mihaela Brindusa TUDOSE, 2019. "Exploring the consumer profile of students. An economic approach," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 11(3), pages 222-233, Octomber.
    • Handle: RePEc:jes:wpaper:y:2019:v:11:i:3:p:222-233
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    File URL: http://ceswp.uaic.ro/articles/CESWP2019_XI3_TUD.pdf
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    References listed on IDEAS

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    1. repec:aud:audfin:v:20:y:2018:i:48:p:373 is not listed on IDEAS
    2. Elizabeth Currid‐Halkett & Hyojung Lee & Gary D. Painter, 2019. "Veblen goods and urban distinction: The economic geography of conspicuous consumption," Journal of Regional Science, Wiley Blackwell, vol. 59(1), pages 83-117, January.
    3. Catalin Mihail Barbu & Dorian Laurentiu Florea & Radu Florin Ogarca & Mihai Constantin Razvan Barbu, 2018. "From Ownership to Access: How the Sharing Economy is Changing the Consumer Behavior," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(48), pages 373-373.
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