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Economic Utility Obtained from “Sense of Play”: Marketing in Evolution toward “Play-Oriented Economies”

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  • Harashima, Taiji

Abstract

Why are most products in retail stores designed, packaged, and decorated attractively? In this paper, I present a model of how consumers obtain utility from a “sense of play” with the designs and decorations of products that are separate from their practical usefulness. Here, “play” has a broad meaning and includes activities and feelings that are not functional or necessary, e.g., recreation, diversion, playfulness, and entertainment. The model shows that as an economy grows and develops, the relative importance of a sense of play increases compared to the practical usefulness of products and the economy as a whole; in response, products become more sophisticatedly designed and heavily decorated. Therefore, economies evolve toward “play-oriented economies,” where a sense of play becomes an important element in marketing, and this biases estimates of purchasing power parity.

Suggested Citation

  • Harashima, Taiji, 2024. "Economic Utility Obtained from “Sense of Play”: Marketing in Evolution toward “Play-Oriented Economies”," MPRA Paper 122815, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:122815
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    File URL: https://mpra.ub.uni-muenchen.de/122815/1/MPRA_paper_122815.pdf
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    References listed on IDEAS

    as
    1. Taiji HARASHIMA, 2017. "The Mechanism behind Product Differentiation An Economic Model," Journal of Advanced Research in Management, ASERS Publishing, vol. 8(2), pages 95-111.
    2. repec:srs:journl:jarm:v:8:y:2017:i:2:p:95-111 is not listed on IDEAS
    3. Harashima, Taiji, 2016. "Ranking Value and Preference: A Model of Superstardom," MPRA Paper 74626, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic utility; marketing; play;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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