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Stochastic Dynamic Model on the Consumption – Saving Decision for Adjusting Products and Services Supply According with Consumers` Attainability

Author

Listed:
  • Gabriela Prelipcean

    () (Universitatea Stefan cel Mare din Suceava)

  • Mircea Boscoianu

    (Academia Fortelor Aeriene Henri Coanda din Brasov)

Abstract

The recent crisis and turbulences have significantly changed the consumers’ behavior, especially through its access possibility and satisfaction, but also the new dynamic flexible adjustment of the supply of goods and services. The access possibility and consumer satisfaction should be analyzed in a broader context of corporate responsibility, including financial institutions. This contribution gives an answer to the current situation in Romania as an emerging country, strongly affected by the global crisis. Empowering producers and harmonize their interests with the interests of consumers really require a significant revision of the quantitative models used to study long-term consumption-saving behavior, with a new model, adapted to the current conditions in Romania in the post-crisis context.

Suggested Citation

  • Gabriela Prelipcean & Mircea Boscoianu, 2014. "Stochastic Dynamic Model on the Consumption – Saving Decision for Adjusting Products and Services Supply According with Consumers` Attainability," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(35), pages 201-201, February.
  • Handle: RePEc:aes:amfeco:v:1:y:2014:i:35:p:201
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    References listed on IDEAS

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    Cited by:

    1. Iulian CONDRATOV, 2014. "Determinants Of Youth Unemployment: A Survey Of The Literature," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 3(2), pages 1-16, July.

    More about this item

    Keywords

    Consumer behaviour; consumer profile; consumption-savings decision; stochastic dynamic model; education and awareness of consumer/ responsibility of producer;

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection

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