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A Model of Consumer Behaviour in the Situation of Shortages

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Understanding Economic Behaviour

Part of the book series: Theory and Decision Library ((TDLA,volume 11))

Abstract

This paper introduces a model of consumer behaviour in the situation where consumers need a particular product which is not available on the market. In such a situation a consumer may use alternative strategies to the strategy used in a normal market situation. One, namely the use of an intermediary, seems to have important consequences for consumers, for social relationships, and also for the economy in general. A description of this strategy and its consequences constitutes the main part of the model considered.

The model has been developed on the basis of data specific to Polish conditions, but can be applied generally to situations of economic shortage.

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© 1989 Kluwer Academic Publishers

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Wosinski, M. (1989). A Model of Consumer Behaviour in the Situation of Shortages. In: Grunert, K.G., Ölander, F. (eds) Understanding Economic Behaviour. Theory and Decision Library, vol 11. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2470-3_21

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  • DOI: https://doi.org/10.1007/978-94-009-2470-3_21

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-7614-2

  • Online ISBN: 978-94-009-2470-3

  • eBook Packages: Springer Book Archive

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