Propensity to spending of an average consumer over a brief period

Roberto De Luca (), Marco Di Mauro, Angelo Falzarano and Adele Naddeo
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Roberto De Luca: Dipartimento di Fisica E.R.Caianiello, Università di Salerno
Marco Di Mauro: Dipartimento di Fisica E.R.Caianiello, Università di Salerno
Angelo Falzarano: Dipartimento di Scienze Economiche e Statistiche, Università di Napoli Federico II
Adele Naddeo: INFN Sezione di Napoli

The European Physical Journal B: Condensed Matter and Complex Systems, 2016, vol. 89, issue 8, 1-5

Abstract: Abstract Understanding consumption dynamics and its impact on the whole economy and welfare within the present economic crisis is not an easy task. Indeed the level of consumer demand for different goods varies with the prices, consumer incomes and demographic factors. Furthermore crisis may trigger different behaviors which result in distortions and amplification effects. In the present work we propose a simple model to quantitatively describe the time evolution over a brief period of the amount of money an average consumer decides to spend, depending on his/her available budget. A simple hydrodynamical analog of the model is discussed. Finally, perspectives of this work are briefly outlined.

Keywords: Statistical; and; Nonlinear; Physics (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1140/epjb/e2016-70243-y

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