Consumer participation in second-hand transactions is increasing, facilitated by digital platforms in the form of apps or websites. We obtain tThat the use of online platforms to buy or rent second-hand goods is more likely when being male, relatively young, with children, a frequent internet user, with employment and living in a household with some price-consciousness and environmental awareness. The scarcity of brick-and-mortar stores in the area and car ownership can also increase demand for used goods through online platforms.
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Income is another economic factor worth mentioning. Even if counter-intuitive, income could increase the use of second-hand online platforms, since those could attract wealthy consumers, in the form of materialistic and indulgent consumption [5][4]. WThe researchers obtain results that confirm the hypothesis that low-earner groups (students, unemployed, non-employed) are less likely to engage in online second-hand markets.
For instance, if the number of retail stores in the geographic area is low, stores would be more expensive and less accessible, leading consumers to turn to online second-hand markets. OuThe researchers' results back this hypothesis.
At the same time, owning a car may increase the use of second-hand platforms, since (even if consumers’ browsing and negotiation of prices takes place online) closing the transaction generally entails an actual face-to-face meeting where the potential buyer can actually check the state of the good and consumers actually tend to pay in cash when meeting [1]. Our results also confirm this effect..Age is a socio-demographic factor worth mentioning. Although the effect of age is bound to depend on the goods purchased, wthe researchers presume that generally the elderly will be less likely to engage in online second-hand markets. They can trust less (or stigmatize more) the idea of buying second-hand goods from unknowns through webs/apps. Our results confirm that the participation in online second-hand markets decreases for senior citizens.
Regarding gender, some surveys on the use of sharing economy in Spain have obtained that being a female is likely to increase participation [35], although these authors caution that this merits further research. In our case, being a male increases participation.Finally, environmental concerns are a driver of participation in different forms of tThe researche sharing economy. In the same vein, altruistic factors and the contribution to collective goods can be a motivation for engaging in second-hand transactions [31,45]. In this regard, we obtain that individs' resuals’ environmental awareness (proxied by individuals pertaining to households with solar panels) encourages the use of second-hand online platforms.
Factors behts confind participation in second-hand online platforms have relevant implications both for retailers and policy-makers.
As far as rem thatailers are concerned, even if some (situational and socio-demographic) factors are beyond their control, they must be aware of this phenomenon and adapt to it. According to our research, participants in online second-hand platforms are an attractive niche (in terms of willingness/ability to pay): full-time job, with children and car, eco-friendly, and spending time on the internet (although it is fair to say that these consumers are also cost-aware). Moreover, it seems that, consumer participation in online seconthe participation in online second-hand markets is driven by structural factors (e.g., price awareness, income, environmental awareness, internet skills) which do not change abruptly. Therefore, on the practical side, retailers can try to target this niche in order not to lose business opportunities decreases for senior citizens.
As far as policy-makers are concerned, they must consider the impact of this phenomenon on economic, environmental, and social sustainability. On the positive side, this phenomenon may be attracting environmentally aware consumers. It allows the satisfaction of (temporary) needs in a circular economy, increasing economic and environmental efficiency. Besides, this phenomenon facilitates consumption smoothing for families with children, pointing to positive social derivatives too.
But we have seen that this phenomenon comprises especially well-off consumers (with full-time jobs) and who are relatively internet-literate. Therefore, if buying/renting goods
through these online platforms allows costs savings, the fact that low-income consumers are not so active in these platforms undermines the contribution of this phenomenon
to economic and social sustainability (pointing to more evidence of digital divide). In addition, the participation of relatively well-off consumers could indicate some traces
of materialistic consumption (in apparel, children and sport equipment, video-games, collection items, etc.), pointing to a not-so-positive dimension in terms of economic, social,
and environmental sustainability.
Factors behind participation in second-hand online platforms have relevant implications both for retailers and policy-makers.
As far as retailers are concerned, even if some (situational and socio-demographic) factors are beyond their control, they must be aware of this phenomenon and adapt to it. According to the research, participants in online second-hand platforms are an attractive niche (in terms of willingness/ability to pay): full-time job, with children and car, eco-friendly, and spending time on the internet (although it is fair to say that these consumers are also cost-aware). Moreover, it seems that, consumer participation in online second-hand markets is driven by structural factors (e.g., price awareness, income, environmental awareness, internet skills) which do not change abruptly. Therefore, on the practical side, retailers can try to target this niche in order not to lose business opportunities.
As far as policy-makers are concerned, they must consider the impact of this phenomenon on economic, environmental, and social sustainability. On the positive side, this phenomenon may be attracting environmentally aware consumers. It allows the satisfaction of (temporary) needs in a circular economy, increasing economic and environmental efficiency. Besides, this phenomenon facilitates consumption smoothing for families with children, pointing to positive social derivatives too. But this phenomenon comprises especially well-off consumers (with full-time jobs) and who are relatively internet-literate. Therefore, if buying/renting goods through these online platforms allows costs savings, the fact that low-income consumers are not so active in these platforms undermines the contribution of this phenomenon to economic and social sustainability (pointing to more evidence of digital divide). In addition, the participation of relatively well-off consumers could indicate some traces of materialistic consumption (in apparel, children and sport equipment, video-games, collection items, etc.), pointing to a not-so-positive dimension in terms of economic, social, and environmental sustainability.