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Is having a taste of luxury a good idea? How use vs. ownership of luxury products affects satisfaction with life

Liselot Hudders (UGent) and Mario Pandelaere (UGent)
(2014) Monaco Symposium on Luxury, Abstracts.
Author
Organization
Abstract
Previous research showing that luxury spending can be beneficial for one’s well-being equate consumption with ownership. The current paper investigates if the impact of luxury consumption on one’s satisfaction with life differs when this consumption implies ownership versus mere use. While we find that ownership of luxury brands is associated with a higher satisfaction with life compared to ownership of non-luxury brands, the mere use of luxuries decreases an individual’s satisfaction with life. This finding is obtained for both a durable (a pen) and a non-durable (a chocolate).
Keywords
Social Comparison, Luxury consumption, Satisfaction with Life

Citation

Please use this url to cite or link to this publication:

MLA
Hudders, Liselot, and Mario Pandelaere. “Is Having a Taste of Luxury a Good Idea? How Use vs. Ownership of Luxury Products Affects Satisfaction with Life.” Monaco Symposium on Luxury, Abstracts, 2014.
APA
Hudders, L., & Pandelaere, M. (2014). Is having a taste of luxury a good idea? How use vs. ownership of luxury products affects satisfaction with life. Monaco Symposium on Luxury, Abstracts. Presented at the Monaco Symposium on Luxury, Monaco, France.
Chicago author-date
Hudders, Liselot, and Mario Pandelaere. 2014. “Is Having a Taste of Luxury a Good Idea? How Use vs. Ownership of Luxury Products Affects Satisfaction with Life.” In Monaco Symposium on Luxury, Abstracts.
Chicago author-date (all authors)
Hudders, Liselot, and Mario Pandelaere. 2014. “Is Having a Taste of Luxury a Good Idea? How Use vs. Ownership of Luxury Products Affects Satisfaction with Life.” In Monaco Symposium on Luxury, Abstracts.
Vancouver
1.
Hudders L, Pandelaere M. Is having a taste of luxury a good idea? How use vs. ownership of luxury products affects satisfaction with life. In: Monaco Symposium on Luxury, Abstracts. 2014.
IEEE
[1]
L. Hudders and M. Pandelaere, “Is having a taste of luxury a good idea? How use vs. ownership of luxury products affects satisfaction with life,” in Monaco Symposium on Luxury, Abstracts, Monaco, France, 2014.
@inproceedings{4379736,
  abstract     = {{Previous research showing that luxury spending can be beneficial for one’s well-being equate consumption with ownership. The current paper investigates if the impact of luxury consumption on one’s satisfaction with life differs when this consumption implies ownership versus mere use. While we find that ownership of luxury brands is associated with a higher satisfaction with life compared to ownership of non-luxury brands, the mere use of luxuries decreases an individual’s satisfaction with life. This finding is obtained for both a durable (a pen) and a non-durable (a chocolate).}},
  author       = {{Hudders, Liselot and Pandelaere, Mario}},
  booktitle    = {{Monaco Symposium on Luxury, Abstracts}},
  keywords     = {{Social Comparison,Luxury consumption,Satisfaction with Life}},
  language     = {{eng}},
  location     = {{Monaco, France}},
  title        = {{Is having a taste of luxury a good idea? How use vs. ownership of luxury products affects satisfaction with life}},
  year         = {{2014}},
}