Purpose – Due to the rising number of product, service, and shopping possibilities available to consumers, food shopping has become increasingly more complex. As a result, consumers can become confused, and this state of confusion may influence their purchase behaviour (e.g. may cause them to not buy a product) and the personal needs they have in a shopping environment (e.g. certification to signal product quality, salesperson consultation for assistance in decision making, or governmental regulation). However, trust can reduce complexity, and may thereby moderate the influence of consumer confusion for negative outcomes. The purpose of this paper is to identify outcomes of consumer confusion and to investigate the moderating role of broader-scope trust on the negative outcomes of this confusion. Design/methodology/approach – A conceptual model was developed to study potential negative outcomes of consumer confusion. In order to assess consumer confusion and the degree of negative outcomes, a telephone survey method for the questionnaire was applied, querying 516 participants who regularly bought food products. Findings – The results clearly suggest that consumer confusion evokes various negative outcomes that are of relevance for food retailing. The intensity of the influence of consumer confusion on several of those negative outcomes could be decreased by broader-scope trust. Further, an interaction effect linked to gender was observed. Originality/value – To the best of the knowledge, this is the first international journal publication on the moderating role of trust on the outcomes of consumer confusion.
When receiving less resources than a competitor, envy may be evoked that may result in spiteful behavior. This paper applies evolutionary theory to understand envy and its outcomes. A theoretical framework is developed that is based on the cause-effect relationships of unequal outcomes, envy, defection of cooperation, and welfare loss. To test this framework, an experiment with 136 participants is run. The results confirm that receiving less than another can indeed lead to experiences of envy and defection of future cooperation, producing a welfare loss of one-sixth.
Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. This research evaluates Minimal Economic Knowledge (MEK) in Germany-that is, basic knowledge of economic facts, concepts, and causal relationships needed for understanding and successfully participating in the economy. It is addressed to gain an understanding of the level of Minimal Economic Knowledge in the German public. To fulfill this goal we conducted three studies: The first study developed a scale for measuring MEK using a Delphi method approach. The resulting questionnaire comprises 24 questions in four economic domains: finance, labor economics, consumption, and state economics, testing for three kinds of knowledge within each domain-facts, concepts, and causal relationships. Our second study tested the MEK level in a representative sample of German adults (N=1,314), with a mean result of 59.4 (of 100) indicating a considerable lack of economic knowledge. It further analyses the influence of demographic drivers such as gender and age. A third, explorative study (N=243) determined additional drivers for MEK such as a person's origin, life experience, use of media, and social circumstance. Terms of use: Documents in October 2012Abstract. This research evaluates Minimal Economic Knowledge (MEK) in Germany-that is, basic knowledge of economic facts, concepts, and causal relationships needed for
This research investigates Minimal Economic Knowledge (MEK) of consumers in Germanythat is, basic economic knowledge needed for understanding and successfully participating in the economy. First we develop a scale for measuring MEK in four economic domains: finance, labour economics, consumption, and public economics, testing for three kinds of knowledge within each domain, namely facts, concepts, and causal relationships. Second, we conduct an empirical study to test MEK level and influence of demographic drivers in a representative sample of German adult consumers (N = 1,314), with a mean result of only 59.4 points (of 100), indicating a considerable lack of even minimal economic knowledge. And third, using a subsample, we study factors that result in differences in the level of MEK showing among others that the choice of ''sensationalist'' versus ''serious'' news sources, both on television and in newspapers, is associated with a loss of about 10 MEK points, while, surprisingly, participating in an economics course did not enhance minimal economic knowledge. The article closes with a discussion of implications for consumer policy-making.
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