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6 - A Triadic Framework of Luxury Consumption

from 1 - Consumer Psychology of Individuals

Published online by Cambridge University Press:  30 March 2023

By
David Dubois  and
SungJin Jung
Edited by
Cait Lamberton ,
Derek D. Rucker  and
Stephen A. Spiller
Cait Lamberton
Affiliation:
Wharton School, University of Pennsylvania
Derek D. Rucker
Affiliation:
Kellogg School, Northwestern University, Illinois
Stephen A. Spiller
Affiliation:
Anderson School, University of California, Los Angeles
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Summary

This chapter proposes a triadic framework that offers a fresh lens on recent advances in luxury consumption at three distinct levels. First, we review broad systemic forces shaping the contours of the “luxury space” which governs the extent to which certain types of items and practices become more (or less) tightly associated with status over time. Second, we discuss strategies and tactics that firms use to enter the luxury space and make their offerings more appealing within that space. Third, we turn to individual-level dynamics that guide how consumers engage in, internalize, and respond to luxury consumption. We then suggest that integrating these three levels of forces – systemic, firm-level, and individual-level – can inform future research on luxury consumption. While the bulk of research to date has examined how these forces influence individual consumers and their luxury consumption, we propose that focusing on how forces at different levels interact to shape one another may offer promising opportunities for future work in the area.

Keywords

luxuryluxury consumptionconspicuous consumptionstatus signalsluxury brandsconsumer psychology
Type
Chapter
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The Cambridge Handbook of Consumer Psychology , pp. 151 - 178
Publisher: Cambridge University Press
Print publication year: 2023

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