Analysing the Costs Faced by Consumers in the Consumer Market

A Framework for Analysing Consumption

Authors

  • Wanyu Zhang Northeastern University
  • Xiaoshu Sun Northeastern University
  • Xianming Kuang China Institute for Reform and Development
  • Bin Wang Tongji University

DOI:

https://doi.org/10.62177/apemr.v2i2.186

Keywords:

Consumption Structure, Consumption Cost, Rational Negligence

Abstract

Upgrading the consumption structure is an important condition for achieving sustainable economic growth. On the basis of reviewing the frontier research on consumption cost at home and abroad, this paper gives an overview of the connotation of consumption cost and analyses its impact on consumption; at the same time, combining with the development trend of the digital economy, it tries to introduce the rational negligence theory into the consumption cost, and analyses the theoretical mechanism of the impact of consumption cost on the upgrading of the consumption structure from the perspective of rational negligence.

Downloads

Download data is not yet available.

References

Dong, Xiaosong,Shang, Huiyong,Jiang, Xuping, 2019: 'A study on the spatial measurement of Internet consumption growth based on the dual interaction of culture and geography', China Soft Science, Vol. 4

Fang Fuzian, 2021: 'Analysis of China's Consumption Potential and Growth Points - Based on the Goal of Basically Realising Socialist Modernisation by 2035', Economics Dynamics, No. 2

Guan, Le-Ning, 2022: "The Value Implications, Innovation Paths and Governance Framework of New Consumption in the Meta-Universe", E-Government, Vol. 7

Guo Shaoxuan, 2022: "Consumption Behaviour of Rural Residents, Influencing Factors and Development Suggestions", Problems of Agricultural Economy, No. 5

JU Xuenan, ZHAO Xuankai, SUN Baowen, 2020: "What trade costs are overcome by cross-border e-commerce platforms? --Empirical Evidence from "Dunhuang.com" Data", Economic Research, No. 2.

Li, Raya, 2011: 'A Review of the Theories of Rational Negligence, Sticky Information and Sticky Expectations', Dynamics of Economics, Vol. 2

Li, Qianqian,Fan, Yawen,Song, Wenjing, 2021: 'A study of the impact of social context on experiential consumption participation interest', Nankai Management Review, Vol. 3

Li Yining, Economics of Consumption, 126 pages, People's Publishing House, 1984; Yin Shijie, Economics of Consumption, 74 pages, Higher Education Publishing House, 2007.

Liang, Renmin,Ba Shusong, 2022: 'Transport accessibility, resource allocation and the gap between urban and rural consumption levels', Science of Finance and Economics, Vol. 3

Lin Chen, Chen Xiaoliang, Chen Weize, Chen Yanbin, 2020: 'Artificial Intelligence, Economic Growth and Consumption Improvement of the Population: a Perspective of Capital Structure Optimisation', China Industrial Economics, Vol. 2

Liu, Q. H., Wang, L., Tong, Z. L., Li, Y. R., and Zhang, X. Y., 2022: "The effect of online product ranking on product sales under the perspective of information cascade: the moderating role of product type and product price", Management Review, Vol. 12

Lu, Taehong, 2017: '50 years of consumer behaviour: evolution and disruption', Foreign Economics and Management, Vol. 6

Ni Hongfu,Ji Cheng, 2020.: "Changes in the Consumption Structure of Chinese Residents and Its Trends - An Analysis Based on Input-Output Tables of China and the United States", Consumption Economics, No. 1

Miura Zhan,2014: 'The Fourth Age of Consumption', Chinese translation, Oriental Press

Song, Quan-Yun,Xiao, Jing-Na,Yin, Zhi-Chao, 2019.: 'A study of Chinese residents' consumption problems from the perspective of financial literacy', Economic Review, Vol. 1

Sun Jiowen,Li Chengzhang, 2022: "Study on the Path of Consumption Upgrading by Combining Demand Side and Supply Side".

Tang Q, Xia QJ, Li S, 2018: 'Analysing the consumption structure of urban households in China:1995-2013', Economic Research, Vol. 2

Wang Jun,Ding Ling, 2013: "Modelling Ideas of Rational Negligence and Its Development of the RBC Model", Dynamics of Economics, Vol. 1

Wang Lei,Yang Wenyi, 2021: "Cultural Differences, Consumption Functions and Intercity Consumption Mobility - An Analysis Based on China UnionPay Big Data", Journal of Wuhan University (Philosophy and Social Science Edition), No. 2

Wang Q, Xie K, Qin F, Niu G, 2022: "Market Accessibility and Rural Household Consumption - Evidence from the "Express to the Countryside" Project", China Rural Economy, No. 12

Wu Kun,Wu Satellite,Wang Shennan, 2020: "Has Credit Card Use Boosted Residential Household Consumption Expenditure? , Economics Dynamics, No. 7

Wu, Yan, He, Zhengchu, Pan, Hongyu, and He, Pinglin, 2021: "The Impact of Consumption Demand on the Quality of Economic Growth and the Transmission Path", Journal of Management Science, Vol. 12

Xiao, Jie, Luan, Jing, Han, Qingqing, Ma, Yuanhong, and Li, Yang, 2022: 'Information richness and green consumption: self-construal and temporal distance perspectives', Management Science, Vol. 4

Yang, Jisheng,Zou, Jianwen, 2021: 'Population Aging, Consumption of the Elderly and its Structural Heterogeneity - An Analysis Based on Time-Varying Consumption Utility', Dynamics of Economics, Vol. 11

Yuan Ming,Bai Junfei, 2020: ""Retirement-Consumption Puzzle": A Theoretical and Empirical Analysis Based on China's Food Consumption", Research on Labour Economy, No. 2

Zhang, Mei, Fu, Xinyuan, Pan, Jilin, and Xiong, Renfei, 2023: "The "Booster" of Green Consumption: The Eco-labelling Effect", Applied Psychology, No. 1

Zhang, Xiao, Xu, Xiang, Zhang, Yan, and Fang, Fang, Fang, 2022: 'Analysis of retailers' product differentiation strategies based on consumer learning under the showroom phenomenon', Chinese Management Science

China (Hainan) Institute of Reform and Development Research Group, 2016: 'Promoting free trade in opening up: 'second opening up' and trade in services', Zhejiang Economy, No. 19

Akerlof, G., and Yellen, J. (1985), " Can Small Deviations from Rationality Make Significant Differences to Economic Equilibria? ", The American Economic Review, 75(4), 708-720.

Arranz-López, A., Mejía-Macias, L., and Soria-Lara, J. (2022), " E-shopping and walking accessibility to retail". Transportation Research Procedia, 60, 298-305. DOI: https://doi.org/10.1016/j.trpro.2021.12.039

Basili, M., and Rossi, M. (2020), " Platform-mediated reputation systems in the sharing economy and incentives to provide service quality : The case of ridesharing services", Electronic Commerce Research and Applications, 39, 100835. DOI: https://doi.org/10.1016/j.elerap.2019.100835

Baskin, E., and Liu, P. J. (2021), " Meaningless Descriptors Increase Price Judgments and Decrease Quality Judgments". Journal of Consumer Psychology, 31(2), 283-300. DOI: https://doi.org/10.1002/jcpy.1217

Bockstedt, J., and Goh, K. (2014), " Customised Bundling and Consumption Variety of Digital Information Goods", Journal of Management Information Systems, 31(2), 105-132. DOI: https://doi.org/10.2753/MIS0742-1222310205

Browne, K. (2007), " Consuming the Dead: Waiting for Blessings in a Javanese Cemetery ", In Consumer Culture Theory (Vol. 11,. pp. 151-163). Emerald Group Publishing Limited. DOI: https://doi.org/10.1016/S0885-2111(06)11007-8

Ceccato, R., Deflorio, F., Diana, M., Pirra, M. (2020), " Measure of urban accessibility provided by transport services in Turin: a traveller perspective through a mobility survey", Transportation Research Procedia, 45, 301-308. DOI: https://doi.org/10.1016/j.trpro.2020.03.020

Chang, C. (2019), " Networking China: the Digital Transformation of the Chinese Economy", The Journal of Asian Studies, 78(3 ), 650-652. DOI: https://doi.org/10.1017/S0021911819000743

Chen, Y., Li, C., Liang, J., and Tsai, C. (2018), " Health Information Obtained From the Internet and Changes in Medical Decision Making. Questionnaire Development and Cross-Sectional Survey", Journal of Medical Internet Research, 20(2), E47. DOI: https://doi.org/10.2196/jmir.9370

Chiles, T., and McMackin, J. (1996), "Integrating Variable Risk Preferences, Trust, and Transaction Cost Economics", The Academy of Management Review, 21(1), 73-99. DOI: https://doi.org/10.2307/258630

Choi, A., Cho, D., Yim, D., Moon, J., and Oh, W. (2019), " When Seeing Helps Believing: the Interactive Effects of Previews and Reviews on E- Book Purchases", Information Systems Research, 30(4), 1164-1183. DOI: https://doi.org/10.1287/isre.2019.0857

Dabholkar, P., and Sheng, X. (2012), " Consumer participation in using online recommendation agents: effects on satisfaction, trust, and purchase intentions", The Service Industries Journal, 32(9), 1433-1449. DOI: https://doi.org/10.1080/02642069.2011.624596

Daunizeau, J., Ouden, H., Pessiglione, M., Kiebel, S., Stephan, K., and Friston, K. (2010), " Observing the observer (I): Meta-Bayesian models of learning and decision-making", PloS One, 5(12), E15554. DOI: https://doi.org/10.1371/journal.pone.0015554

Diehl, K., Kornish, L., and Lynch, J. (2003), " Smart Agents: When Lower Search Costs for Quality Information Increase Price Sensitivity ", The Journal of Consumer Research, 30(1), 56-71. DOI: https://doi.org/10.1086/374698

Dietvorst, B., and Bartels, D. (2022), " Consumers Object to Algorithms Making Morally Relevant Tradeoffs Because of Algorithms ' Consequentialist Decision Strategies", Journal of Consumer Psychology, 32(3), 406-424. DOI: https://doi.org/10.1002/jcpy.1266

Ding, Y., and Lu, H. (2015), " The interactions between online shopping and personal activity travel behaviour: an analysis with a GPS-based activity travel diary", Transportation (Dordrecht), 44(2), 311-324. DOI: https://doi.org/10.1007/s11116-015-9639-5

Frye, A. (2015), " Capitalising on the Grey-haired Globetrotters: economic aspects of increasing tourism among older and disabled people ", Discussion Papers (International Transport Forum), (2015-11), 1.

Galbi, D. (2001), " Regulating prices for shifting between service providers", Information Economics and Policy, 13(4),. 393-410. DOI: https://doi.org/10.1016/S0167-6245(01)00043-9

Gehrke, S., Akhavan, A., Furth, P., Wang, Q., and Reardon, T. (2020), " A cycling-focused accessibility tool to support regional bike network connectivity", Transportation Research. Part D, Transport and Environment, 85, 102388. DOI: https://doi.org/10.1016/j.trd.2020.102388

Geyskens, K., Dewitte, S., Pandelaere, M., and Warlop, L. (2008), " Tempt Me Just a Little Bit More: The Effect of Prior Food Temptation Actionability on Goal Activation and Consumption", The Journal of Consumer Research, 35(4), 600-610. DOI: https://doi.org/10.1086/591106

Hamilton, R., Mittal, C.,Shah, A.,Thompson, D., and Griskevicius, V. (2019), "How Financial Constraints Influence Consumer Behaviour. An Integrative Framework", Journal of Consumer Psychology, 29(2), 285-305. DOI: https://doi.org/10.1002/jcpy.1074

Hauser, J., and Wernerfelt, B. (1990), " An Evaluation Cost Model of Consideration Sets", The Journal of Consumer Research,. 16(4), 393-408. DOI: https://doi.org/10.1086/209225

Higgins, E., Nakkawita, E.,Rossignac-Milon, M., Pinelli, F., and Jun, Y. (2020), " Making the Right Decision: Intensifying the Worth of a Chosen Option", Journal of Consumer Psychology, 30(4), 712-732. DOI: https://doi.org/10.1002/jcpy.1194

Hooper, J. (2015), " A destination too far? Modelling destination accessibility and distance decay in tourism", Geojournal , 80(1), 33-46. DOI: https://doi.org/10.1007/s10708-014-9536-z

Irmak, C., Kramer, T., and Sen, S. (2017), " Choice under incomplete information on incumbents: why consumers with stronger preferences are more likely to abandon their prior choices", Journal of Consumer Psychology, 27(2), 264-269. DOI: https://doi.org/10.1016/j.jcps.2016.06.002

Jolivet, G., and Turon, H. (2019), " Consumer Search Costs and Preferences on the Internet", The Review of Economic Studies,. 86(3 (308)), 1258-1300. DOI: https://doi.org/10.1093/restud/rdy023

Kaju, A., Maglio, S., Mukhopadhyay, A., and Thomas, M. (2018), "Urgently Yours: Temporal Communication Norms and Psychological Distance ", Journal of Consumer Psychology, 28(4), 665-672. DOI: https://doi.org/10.1002/jcpy.1051

Kanay, A., Hilton, D., Charalambides, L., Corrégé, J., Inaudi, E., Waroquier, L., and Cézéra, S. (2021), " Making the carbon basket count. Goal setting promotes sustainable consumption in a simulated online supermarket", Journal of Economic Psychology, 83, Journal of economic psychology, 2021, Vol. 83. DOI: https://doi.org/10.1016/j.joep.2020.102348

Kappes, H., Gladstone, J., and Hershfield, H. (2021), " Beliefs about Whether Spending Implies Wealth", The Journal of Consumer Research, 48(1), 1-21. DOI: https://doi.org/10.1093/jcr/ucaa060

Kapustin, N., and Grushevenko, D. (2020), " Long-term electric vehicles outlook and their potential impact on electric grid ", Energy Policy, 137, 111103. DOI: https://doi.org/10.1016/j.enpol.2019.111103

Klein, L. (1998), " Evaluating the Potential of Interactive Media through a New Lens: Search versus Experience Goods". Journal of Business Research, 41(3), 195-203. DOI: https://doi.org/10.1016/S0148-2963(97)00062-3

Kozinets, R., Ferreira, D., and Chimenti, P. (2021), " How Do Platforms Empower Consumers? Insights from the Affordances and Constraints of Reclame Aqui", The Journal of Consumer Research, 48(3), 428-455. DOI: https://doi.org/10.1093/jcr/ucab014

Kozinets, R., Patterson, A., and Ashman, R. (2017), " Networks of desire: How technology increases our passion to consume". The Journal of Consumer Research, 43(5), 659. DOI: https://doi.org/10.1093/jcr/ucw061

Kupor, D., and Laurin, K. (2020), " Probable Cause: The Influence of Prior Probabilities on Forecasts and Perceptions of Magnitude ", The Journal of Consumer Research, 46(5), 833-852. DOI: https://doi.org/10.1093/jcr/ucz025

Langdon, A., Song, M., and Niv, Y. (2019), " Uncovering the 'state': tracing the hidden state representations that structure learning and decision-making", Behavioural Processes, 167, 103891. DOI: https://doi.org/10.1016/j.beproc.2019.103891

Lee T, Park C, Jun J (2014). "Two Faces of Mobile Shopping: Self-Efficacy and Impulsivity", International Journal of E-Business Research, 10(1): p. 15 -32. DOI: https://doi.org/10.4018/ijebr.2014010102

Lee, K., and Zhao, M. (2014), " The Effect of Price on Preference Consistency Over Time", The Journal of Consumer Research, 41( 1), 109-118. DOI: https://doi.org/10.1086/675219

Lee, R., Sener, I., Mokhtarian, P., and Handy, S. (2017), " Relationships between the online and in-store shopping frequency of Davis California residents", Transportation Research. part A, Policy and Practice, 100, 40-52. DOI: https://doi.org/10.1016/j.tra.2017.03.001

Leser, C. (1941), " Family Budget Data and Price-Elasticities of Demand", The Review of Economic Studies, 9(1), 40-57. DOI: https://doi.org/10.2307/2967637

Li, Kai, Dan J. Kim, Karl R. Lang, Robert J. Kauffman, and Maurizio Naldi. "How Should We Understand the Digital Economy in Asia? Critical Assessment and Research Agenda", Electronic Commerce Research and Applications 44 (2020): 101004. Web. DOI: https://doi.org/10.1016/j.elerap.2020.101004

Liang, A. (2022), " Consumers as co-creators in community-based tourism experience: impacts on their motivation and satisfaction ", Cogent Business and Management, 9(1), Cogent business and management, 2022, Vol.9 (1). DOI: https://doi.org/10.1080/23311975.2022.2034389

Liang, A., Lee, C., and Tung, W. (2014), " The role of sunk costs in online consumer decision-making", Electronic Commerce Research and Applications, 13(1), 56-68. DOI: https://doi.org/10.1016/j.elerap.2013.10.001

Lin, H. (2015), " The effects of price-matching guarantees on consumer response in an online retail context", Journal of Service Theory and Practice, 25(6), 658-679. DOI: https://doi.org/10.1108/JSTP-05-2014-0100

Lo, C., Tsarenko, Y., and Tojib, D. (2019), " To tell or not to tell? The roles of perceived norms and self-consciousness in understanding consumers' willingness to recommend online secondhand apparel shopping", Psychology and Marketing, 36(4), 287-304. DOI: https://doi.org/10.1002/mar.21179

Lu, X., Phang, C., Ba, S., and Yao, X. (2018), " Know who to give: enhancing the effectiveness of online product sampling". Decision Support Systems, 105, 77-86. DOI: https://doi.org/10.1016/j.dss.2017.11.002

Mittelman, M., Gonçalves, D., and Andrade, E. (2020), " Out of Sight, Out of Mind: Usage Frequency Considerations in Purchase Decisions ", Journal of Consumer Psychology, 30(4), 652-659. DOI: https://doi.org/10.1002/jcpy.1155

Monga, A., May, F., and Bagchi, R. (2017), " Eliciting Time versus Money: Time Scarcity Underlies Asymmetric Wage Rates", The Journal of Consumer Research, 44(4), 833-852. DOI: https://doi.org/10.1093/jcr/ucx066

Nedungadi, P., and Hutchinson, J. (1985), " The Prototypicality of Brands: Relationships With Brand Awareness, Preference and Usage ", Advances in Consumer Research, 12, 498.

Nelson, P. (1974), "Advertising as Information", The Journal of Political Economy, 82(4), 729-754. DOI: https://doi.org/10.1086/260231

Otto, A., Clarkson, J., and Martin, N. (2022), " Working Hard to Take the Easy Way Out: How the Need for Cognitive Closure Shapes Strategic Effort Investment to Ease Future Decision Making", Journal of Consumer Psychology, 32(2), 350-356. DOI: https://doi.org/10.1002/jcpy.1245

Pancer, E., Chandler, V., Poole, M., and Noseworthy, T. (2019), "How Readability Shapes Social Media Engagement", Journal of Consumer Psychology, 29(2), 262-270. DOI: https://doi.org/10.1002/jcpy.1073

Park, D., Kim, J., Kim, W. G., Park, H. (2019), " Does distance matter? examining the distance effect on tourists' multi attraction travel behaviours", Journal of Travel and Tourism Marketing, 36(6), 693-710. DOI: https://doi.org/10.1080/10548408.2019.1624243

Park, H., and Kwon, J. (2022), " The Numerical Precision Effect: How Precision of Attribute Information Affects Adoption of Technology Products", Journal of Consumer Psychology, 32(1), 69-76. DOI: https://doi.org/10.1002/jcpy.1234

Park, J., Eom, H., and Spence, C. (2022), " The effect of perceived scarcity on strengthening the attitude-behaviour relation for sustainable luxury products", The Journal of Product and Brand Management, 31(3), 469-483. DOI: https://doi.org/10.1108/JPBM-09-2020-3091

Payne, John W. (1982), "Contingent Decision Behavior", Psychological Bulletin.92 (2), 382-402. DOI: https://doi.org/10.1037//0033-2909.92.2.382

Perrigot, R., and Pénard, T. (2013), " Determinants of E-Commerce Strategy in Franchising: a Resource-Based View". International Journal of Electronic Commerce, 17(3), 109-130. DOI: https://doi.org/10.2753/JEC1086-4415170305

Rathee, S. (2021), " The Effect of Letter versus Number Cues on Distance Perception", Journal of Consumer Psychology, 31(4),. 647-664. DOI: https://doi.org/10.1002/jcpy.1212

Reitsamer, B. F., Brunner-Sperdin, A. (2017), " Tourist destination perception and well-being: what makes a destination attractive? ", Journal of Vacation Marketing, 23(1), 55-72. DOI: https://doi.org/10.1177/1356766715615914

Rocklage, M., Rucker, D., and Nordgren, L. (2021), "Emotionally Numb: Expertise Dulls Consumer Experience", The Journal of Consumer Research, 48(3), 355-373. DOI: https://doi.org/10.1093/jcr/ucab015

Rosário, A., and Raimundo, R. (2021), " Consumer Marketing Strategy and E-Commerce in the Last Decade: a Literature Review". Journal of Theoretical and Applied Electronic Commerce Research, 16(7), 3003-3024. DOI: https://doi.org/10.3390/jtaer16070164

Saphores, J., and Xu, L. (2021), " E-shopping changes and the state of E-grocery shopping in the US - Evidence from national travel and time use surveys", Research in Transportation Economics, 87, 100864. DOI: https://doi.org/10.1016/j.retrec.2020.100864

Seregina, A., and Weijo, H. (2017), " Play at Any Cost: How Cosplayers Produce and Sustain Their Ludic Communal Consumption Experiences ", The Journal of Consumer Research, 44(1), 139-159. DOI: https://doi.org/10.1093/jcr/ucw077

Shi, K., De Vos, J., Yang, Y., and Witlox, F. (2019), " Does e-shopping replace shopping trips? Empirical evidence from Chengdu, China ", Transportation Research. part A, Policy and Practice, 122, 21-33. DOI: https://doi.org/10.1016/j.tra.2019.01.027

Shugan, S. (1980), " The Cost of Thinking", The Journal of Consumer Research, 7(2), 99-111. DOI: https://doi.org/10.1086/208799

Sims, C. (2003), "Implications of rational inattention", Journal of Monetary Economics, 50(3), 665-690. DOI: https://doi.org/10.1016/S0304-3932(03)00029-1

Spiller, S. (2011), " Opportunity Cost Consideration", The Journal of Consumer Research, 38(4), 595-610. DOI: https://doi.org/10.1086/660045

Sproles, G.B, and E.L Kendall (1986), "A Methodology for Profiling Consumers' Decision-making Styles", The Journal of Consumer Affairs 20(2): 267-79. DOI: https://doi.org/10.1111/j.1745-6606.1986.tb00382.x

Stigler, G. (1961), "The Economics of Information", The Journal of Political Economy, 69(3), 213-225. DOI: https://doi.org/10.1086/258464

Streicher, M., Estes, Z., and Büttner, O. (2021), " Exploratory Shopping: Attention Affects In-Store Exploration and Unplanned Purchasing", The Journal of Consumer Research, 48(1), 51-76. DOI: https://doi.org/10.1093/jcr/ucaa054

Suwelack, T., Hogreve, J., and Hoyer, W. (2011), " Understanding Money-Back Guarantees: Cognitive, Affective, and Behavioural Outcomes ", Journal of Retailing, 87(4), 462-478. DOI: https://doi.org/10.1016/j.jretai.2011.09.002

Tan, Y., Carrillo, J., and Cheng, H. (2016), " The Agency Model for Digital Goods", Decision Sciences, 47(4), 628-660. DOI: https://doi.org/10.1111/deci.12173

Taylor, R. (2020), " A Mixed Bag: The Hidden Time Costs of Regulating Consumer Behaviour", Journal of the Association of Environmental and Resource Economists, 7(2), 345-378. DOI: https://doi.org/10.1086/707039

The World of Goods. Mary Douglas, Baron Isherwood, Basic Books . 1979

Tsai, C., Zhao, M., and Soman, D. (2021), " Salient knowledge that others are also evaluating reduces judgement extremity". Journal of the Academy of Marketing Science, 50(2), 366-387. DOI: https://doi.org/10.1007/s11747-021-00807-w

Vale, D. (2020), " Effective accessibility: using effective speed to measure accessibility by cost", Transportation Research. Part D, Transport and Environment, 80, 102263. DOI: https://doi.org/10.1016/j.trd.2020.102263

Van der Lans, R., Pieters, R., and Wedel, M. (2021), " Online Advertising Suppresses Visual Competition during Planned Purchases ", The Journal of Consumer Research, 48(3), 374-393. DOI: https://doi.org/10.1093/jcr/ucab017

VanBergen, N., Lurie, N., and Chen, Z. (2022), " More Rational or More Emotional Than Others? Lay Beliefs About Decision- Making Strategies", Journal of Consumer Psychology, 32(2), 274-292. DOI: https://doi.org/10.1002/jcpy.1244

Wan, E., and Agrawal, N. (2011), " Carryover Effects of Self-Control on Decision Making: a Construal-Level Perspective". The Journal of Consumer Research, 38(1), 199-214. DOI: https://doi.org/10.1086/658471

Watkins, G., and Knight, F. (1922), "Knight's Risk, Uncertainty and Profit", The Quarterly Journal of Economics, 36(4), 682 -690. DOI: https://doi.org/10.2307/1884757

Weinberger, M., Zavisca, J., and Silva, J. (2017), " Consuming for an Imagined Future: Middle-Class Consumer Lifestyle and Exploratory Experiences in the Transition to Adulthood", The Journal of Consumer Research, 44(2), 332-360. DOI: https://doi.org/10.1093/jcr/ucx045

Wilcox, K., and Prokopec, S. (2019), "Restraint That Blinds: Attention Narrowing and Consumers' Response to Numerosity in Self-Control Decisions", The Journal of Consumer Research, 46(2), 371-387. DOI: https://doi.org/10.1093/jcr/ucy078

Woolley, K., and Risen, J. (2021), " Hiding from the Truth: When and How Cover Enables Information Avoidance", The Journal of Consumer Research, 47(5), 675-697. DOI: https://doi.org/10.1093/jcr/ucaa030

You, Y., Pan, J., Yang, X., and Fei, X. (2022), " From Functional Efficiency to Temporal Efficiency: Multifunctional Products Increase Consumer Impatience", Journal of Consumer Psychology, 32(3), 509-516. DOI: https://doi.org/10.1002/jcpy.1254

Zhang, Y. (2021), "Communication-based Attribute Inference", Journal of Consumer Psychology, 31(2), 342- 349. DOI: https://doi.org/10.1002/jcpy.1183

Zhu, C., Lopez, R., and Liu, X. (2016), " Information Cost and Consumer Choices of Healthy Foods", American Journal of Agricultural Economics, 98(1), 41-53. DOI: https://doi.org/10.1093/ajae/aav057

Zhu, Y., and Diao, M. (2020), " Crowdsourcing-data-based dynamic measures of accessibility to business establishments and individual destination choices", Transportation Research. Part D, Transport and Environment, 87, 102382. DOI: https://doi.org/10.1016/j.trd.2020.102382

Downloads

How to Cite

Zhang, W., Sun, X., Kuang, X., & Wang, B. (2025). Analysing the Costs Faced by Consumers in the Consumer Market: A Framework for Analysing Consumption. Asia Pacific Economic and Management Review, 2(2). https://doi.org/10.62177/apemr.v2i2.186

Issue

Section

Articles

DATE

Received: 2025-03-10
Accepted: 2025-03-11
Published: 2025-03-19