Modelo general de las preferencias de consumo de la generación “Y” (millennials) de bienes social y ambientalmente responsables y bienes hedónicos
Resumen
Palabras clave: Preferencias de consumo, consumidores Millennials, RSE, bienes hedónicos, bienes SAR, teoría del consumidor.
JEL: M39
General model of millennials' consumption preferences for socially and environmentally responsible goods and hedonic goods
The aim of this research is to model the consumption preferences of Millennials, and to identify how this generation values corporate social responsibility (CSR), considering the price and quantity demand of goods perceived as socially and environmentally responsible (SAR), as well as goods considered hedonic. Based on a theoretical-mathematical model and the available empirical evidence, the Marshallian demands of a representative Millennial agent are analysed and different consumption scenarios are evaluated. The results show that the expenditure of Millennials, and the respective quantity demanded of the goods preferred by these consumers, will depend on the price of the goods and the level of valuation of the SAR goods. The latter will determine the proportion of Millennials' income that will be devoted to the consumption of SAR goods. As the level of valuation of SAR goods approaches its maximum level, the quantity demanded of SAR goods will be higher, and vice versa. Given the proposed model and the results obtained, it is concluded that the prices of goods are determinants of Millennials' demand; however, the level of valuation of SAR goods will determine the quantity demanded of SAR goods with respect to any other good. For future research, it is suggested to add a level of valuation of hedonic goods, as well as to include more goods in the general model and to re-analyse different goods in the model.
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