Author (Person) | Martinez-Perez, Alvaro, Williams, Colin C. |
---|---|
Series Title | Journal of Contemporary European Studies |
Series Details | Vol.22, No.4, December 2014, p466-482 |
Publication Date | December 2014 |
ISSN | 1478-2804 |
Content Type | Journal | Series | Blog |
Abstract: To evaluate critically the assumption that consumers participating in cash-in-hand transactions are rational economic actors simply seeking a lower price, evidence from 26,659 interviews conducted in 27 European Union member states in 2007 is reported. This reveals that a lower price is the sole reason for just 44% of all informal economy purchases, one of several reasons for 28% of such purchases and not a reason in 28% of cases. A multinomial logit regression analysis reveals how the reasons for cash-in-hand purchases vary across populations. The implications for explaining the cash-in-hand consumer culture and policy are then explored. |
|
Source Link | http://dx.doi.org/10.1080/14782804.2014.925852 |
Subject Categories | Business and Industry |
Countries / Regions | Europe |
![](https://www.europeansources.info/wp-content/uploads/esologo2.png)