Waves in consumption with interdependence among consumers

Vagues dans la consommation quand il y a interdépendance entre consommateurs

Robin Cowan, William Cowan and Peter Swann
Additional contact information
William Cowan: UWO - School of Computer Science [Waterloo] - University of Waterloo [Waterloo]
Peter Swann: MBS - Manchester Business School - University of Manchester [Manchester]

Post-Print from HAL

Abstract: In this paper we model the development of consumption when there are interactions between consumers. The consumer recognizes three reference groups: peer, distinction, and aspiration. The interplay of aspiration and distinction can lead to 'waves' in consumption; for example, the avant-garde consumption of up-market pioneers is copied by other types of consumer. As the latter aspire to emulate the former, the former seek distinction by varying their consumption. A consumption activity may start up market, then gradually descend the social spectrum. More complex patterns with continuing cycles in consumption can also be found.

Keywords: Peer education; Social spectrum; Pattern; Consommation; Éducation par les pairs (search for similar items in EconPapers)
Date: 2004-02
References: Add references at CitEc
Citations: View citations in EconPapers (14)

Published in Canadian Journal of Economics / Revue Canadienne d'Économique, 2004, 37 (1), pp.149-177

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Waves in consumption with interdependence among consumers (2004)
Journal Article: Waves in consumption with interdependence among consumers (2004)
Working Paper: Waves in Consumption with Interdependence among Consumers (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00279019

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().