Impact of Psychological Needs on Luxury Consumption
This paper examines the impact of psychological needs on luxury consumption. Veblen’s Theory of the Leisure Class (1899) invented the term “conspicuous consumption” to describe luxury goods and services, in which Veblen indicated the purpose of luxury consumption was to display wealth and social status. This paper integrates the following two papers: (1) Han and Zhou (2002), who proposed an integrative model, and argued that three variables, namely Country-of-Origin, Brand Name, and Price, were major predictors for overall product evaluation and purchase intentions; and (2) Han, Nunes and Dreze (2010), who proposed a taxonomy called The Luxury 4Ps, to explain the inductive and deductive psychological needs of luxury consumption.
|Date of creation:||18 Jul 2017|
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- Michael McAleer & Ning Mao, 2017.
"Theravada Buddhism and Thai Luxury Fashion Consumption,"
Journal of Reviews on Global Economics,
Lifescience Global, vol. 6, pages 58-67.
- Ning, M. & McAleer, M.J., 2016. "Theravada Buddhism and Thai Luxury Fashion Consumption," Econometric Institute Research Papers EI2016-43, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- Mao Ning & Michael McAleer, 2017. "Theravada Buddhism and Thai Luxury Fashion Consumption," Tinbergen Institute Discussion Papers 17-014/III, Tinbergen Institute.
- Marie-Laure Djelic & Antti Ainamo, 1999. "The Coevolution of New Organizational Forms in the Fashion Industry: A Historical and Comparative Study of France, Italy, and the United States," Organization Science, INFORMS, vol. 10(5), pages 622-637, October.
- Holt, Douglas B, 1998. " Does Cultural Capital Structure American Consumption?," Journal of Consumer Research, Oxford University Press, vol. 25(1), pages 1-25, June. Full references (including those not matched with items on IDEAS)
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