Counterfeit purchase typologies during an economic crisis

Purpose-The economic crisis has become a global phenomenon, although in Europe it mostly affected the Mediterranean countries of Southern Europe. In times of economic stress, counterfeit products increase their market share. In this context this paper aims to explore, and attempt to explain, consumer perspectives on the purchasing of counterfeit brands.
Methodology-The study utilized an e-mail based open ended questionnaire as its data collection method. The research used a sample of 83 participants belonging to generation Y (younger and older) and upper medium and high income class brackets.
Findings-Purchasing behaviour of counterfeit products during the economic crisis enabled us to identify four types of consumers. Furthermore, the results indicated that some consumers have significant interest in counterfeits while some consumers show apathy or indifference towards counterfeiting. Furthermore, some consumers believe that the government’s economic austerity policies cause high level consumption of counterfeits while others consider the authorities to be responsible for counterfeiting, since they do not adequately tackle it.
Research limitations/implications- This research is exploratory in nature and restricted to Greek generation Y consumers. Suggestions are presented regarding future studies and generalization of the findings.
Practical implications- Implementation of law, joint communication campaigns and social media usage are the major implications for the stakeholders in the marketplace.
Originality/value-This study extends the body of knowledge of purchasing behavior on non-deceptive counterfeit products by offering empirical findings from Greece, a country facing a severe economic crisis. To our knowledge this is the first study that explores counterfeit buying behaviour during an economic crisis period

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