Vol. 2010 No. 1 (2010)

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Behavioural Economics Guidance for Consumer Protection in Cape Verdean Markets

Salvador Mendonça, Department of Advanced Studies, University of Cape Verde Fernando Carvalho, Jean Piaget University of Cape Verde
DOI: 10.5281/zenodo.18912816
Published: June 5, 2010

Abstract

This study explores how behavioural economics can be applied to enhance consumer protection in Cape Verdean markets. Qualitative research methods were employed, including literature review and expert consultations to analyse the impact of behavioural economics on market dynamics in Cape Verde. Themes emerged indicating that consumers are often influenced by framing effects and loss aversion when making purchasing decisions. The findings suggest that incorporating these psychological factors into consumer protection policies could significantly improve outcomes for both businesses and consumers. Recommendation is to integrate behavioural economics principles into policy frameworks, particularly in areas such as financial literacy campaigns and product labelling regulations.

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How to Cite

Salvador Mendonça, Fernando Carvalho (2010). Behavioural Economics Guidance for Consumer Protection in Cape Verdean Markets. African Sports Management Studies (Social/Business/Management), Vol. 2010 No. 1 (2010). https://doi.org/10.5281/zenodo.18912816

Keywords

Cape VerdeConsumer ProtectionBehavioural EconomicsChoice ArchitecturePsychological PricingHeterogeneityDecision Making Frameworks

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Vol. 2010 No. 1 (2010)
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African Sports Management Studies (Social/Business/Management)

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