TY - JOUR
T1 - CONSUMPTION DECISION OF ECONOMIC AGENTS
T2 - COST VS. ENVIRONMENTAL AWARENESS
AU - Estrada, Uvenny Quirama
AU - Molina, Andrés Felipe Puerta
AU - Sepúlveda-Aguirre, Jovany
AU - Giraldo, Luis Fernando Garcés
AU - Arango, David Alberto García
N1 - Publisher Copyright:
© 2021, Procedia Environmental Science, Engineering and Management. All Rights Reserved
PY - 2021
Y1 - 2021
N2 - Research aimed at the search for the sustainability of the planet through the development of environmentally friendly goods (green goods), has generally shown, in its marketing process, a cost higher than the sale price of a substitute good. conventional that does not equally satisfy the reduction of climate change. From the recognition of the average income per individual of a developing country and attending to the rational consumer microeconomic theory, where it seeks to maximize profit with the acquisition of goods at an optimal price and where satiety does not exist, This document, using a mixed exploratory type methodology, seeks to identify from behavioral economics, how willing is the existing demand in the market to the acquisition of a green good with a value higher than its substitute goods, and what are the characteristics of the individual that reflects within its consumption conditions the environmental benefit; at the end of the investigation, the data evidenced by the primary information acquired from surveys is concluded, which reflects conditions of the consumption decision based on age, income, educational level, among other aspects.
AB - Research aimed at the search for the sustainability of the planet through the development of environmentally friendly goods (green goods), has generally shown, in its marketing process, a cost higher than the sale price of a substitute good. conventional that does not equally satisfy the reduction of climate change. From the recognition of the average income per individual of a developing country and attending to the rational consumer microeconomic theory, where it seeks to maximize profit with the acquisition of goods at an optimal price and where satiety does not exist, This document, using a mixed exploratory type methodology, seeks to identify from behavioral economics, how willing is the existing demand in the market to the acquisition of a green good with a value higher than its substitute goods, and what are the characteristics of the individual that reflects within its consumption conditions the environmental benefit; at the end of the investigation, the data evidenced by the primary information acquired from surveys is concluded, which reflects conditions of the consumption decision based on age, income, educational level, among other aspects.
KW - behavioral economics
KW - costs
KW - environmental responsibility
KW - profit maximization
UR - http://www.scopus.com/inward/record.url?scp=85101771922&partnerID=8YFLogxK
M3 - Original Article
AN - SCOPUS:85101771922
SN - 2392-9537
VL - 8
SP - 473
EP - 482
JO - Procedia Environmental Science, Engineering and Management
JF - Procedia Environmental Science, Engineering and Management
IS - 2
ER -