Explaining shopping behavior in a market economy country: A short‐term mathematical model applied to the case of Spain

Abstract

In recent decades, pathological consumption has become a growing behavioral misbehavior. Impulsive consumption is governed by two internal behavioral mechanisms that respond fundamentally to the hedonism or Pascal effect, and to the emulation or Veblen effect. Today's development of technology acts as a catalyst of consumption by increasing access and availability to products, as well as the advertisement impact. This paper presents a compartmental discrete matrix mathematical model that allows shortterm estimates of ordinary, impulsive and pathological buyers in Spain in three different economic scenarios. The results show that impulsive and pathological buyers will increase in all the economic scenarios. Notable differences in the number of ordinary buyers are found for the group aged over 65 years.

Determinantes de las compras impulsivas online: un caso de consumidores jóvenes en Chile

“…Paralelamente, en el contexto actual han sido relevantes las consecuencias de la tecnología sobre las decisiones de compra de los individuos jóvenes (Merello et al, 2020). Autores como Chopdar et al (2022) sostiene, además, que el acceso a la tecnología e Internet redefine los hábitos de compra de los consumidores, haciéndolos más proclives a realizar compras inmediatas e impulsivas a través de diferentes dispositivos.…”

“…Justamente, se han relevado los estudios sobre el consumo patológico de la población joven en las economías de mercado y el efecto de la tecnología como un catalizador del incentivo de compra (Merello et al, 2020). Así, desde el punto de vista empresarial, las firmas están en constante competencia en sus diferentes plataformas por la captura y mantenimiento de clientes, generando un ambiente en el que el mercado fomenta los gastos en exceso (Bauman, 2013).…”

Choice between IEO and ICO: Speed vs. Liquidity vs. Risk

“…As was previously discussed, tokens have a two-sided nature: on one hand it is a financial asset but on the other hand it can be used for purchasing goods/services. We assume that in each period some fraction of token holders decides to spend tokens on consumption, i.e., they become short-term investors/consumers (technically one can say that some fraction of token holders is subject to a consumption shock in each period) in this case (for related ideas see e.g., Merello, De la Poza and Jódar (2020) [77] ). The remaining type 2 investors will sell their tokens in period 2. γ is related to token market uncertainty.…”

Modeling Political Corruption in Spain

“…Our model allowed us to predict the risk of political corruption in Spain given the mimetic nature of humans by constructing a discrete finite epidemiological model [81] that classifies and quantifies citizenship in Spain into subpopulations according to their risk of committing political corruption. Despite previous theoretical approaches to the problem that focus on diagnosing the causes or processes of political corruption cases [82,83], our model is dynamic and classifies the population on an annual basis according to their level of risk of committing political corruption over time during the 2015-2023 period [35,[84][85][86].…”