Close to Home: Analyzing Urban Consumer Behavior and Consumption Space in Seoul

Autor:	Choi, Hyoji, Neffke, Frank, Yu, Donghyeon, Jun, Bogang
Rok vydání:	2024
Předmět:	Economics - General Economics
Druh dokumentu:	Working Paper
Popis:	This study explores how the relatedness density of amenities influences consumer buying patterns, focusing on multi-purpose shopping preferences. Using Seoul's credit card data from 2018 to 2023, we find a clear preference for shopping at amenities close to consumers' residences, particularly for trips within a 2 km radius, where relatedness density significantly influences purchasing decisions. The COVID-19 pandemic initially reduced this effect at shorter distances but rebounded in 2023, suggesting a resilient return to pre-pandemic patterns, which vary over regions. Our findings highlight the resilience of local shopping preferences despite economic disruptions, underscoring the importance of amenity-relatedness in urban consumer behavior. Comment: 35 pages, 5 figures
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/2407.20587 Zobrazit plný text záznamu View this record from Arxiv