Journals / Izmir Democracy University Social Sciences Journal / 2025 / Cilt: 8 Sayı: 2

PRICING OF LABUBU FIGURES IN DIGITAL MARKETPLACES: A BEHAVIORAL ECONOMICS ANALYSIS

DİJİTAL PAZARLARDA LABUBU FİGÜRÜ FİYATLAMASI: BIR DAVRANIŞSAL İKTİSAT ANALİZİ

Çağatay Tunçsiper(EGE ÜNİVERSİTESİ, ÇEŞME TURİZM FAKÜLTESİ)0000-0002-0445-3686
Emine Örs(İzmir Demokrasi Üniversitesi)0009-0003-3274-1532
Pages
369–393
Publication Date
2025-12-31
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Empirical findings reveal a non-normal, right-skewed price distribution with high kurtosis, where the mean price ($221.35) substantially exceeded the median ($180), a disparity confirmed by the Shapiro-Wilk test's rejection of normality.

📌 3 Key Takeaways

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Objective & Hypothesis:This study investigates the behavioral economics underpinning the pricing dynamics of Labubu collectible figures in digital marketplaces, arguing that psychological factors significantly distort prices beyond traditional supply-demand models.
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Key Findings & Data:Grounded in Prospect Theory, conspicuous consumption, and herding behavior, the research analyzes a curated 2024 eBay data set of premium, original figures.
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Conclusion & Impact:Empirical findings reveal a non-normal, right-skewed price distribution with high kurtosis, where the mean price ($221.35) substantially exceeded the median ($180), a disparity confirmed by the Shapiro-Wilk test's rejection of normality.
🔬Design:Modeling & Simulation
📍Scope:2024 Verileri
⚙️Variables:Davranışsal İktisat · Sembolik Tüketim · FOMO

Abstract

This study investigates the behavioral economics underpinning the pricing dynamics of Labubu collectible figures in digital marketplaces, arguing that psychological factors significantly distort prices beyond traditional supply-demand models. Grounded in Prospect Theory, conspicuous consumption, and herding behavior, the research analyzes a curated 2024 eBay data set of premium, original figures. Empirical findings reveal a non-normal, right-skewed price distribution with high kurtosis, where the mean price ($221.35) substantially exceeded the median ($180), a disparity confirmed by the Shapiro-Wilk test's rejection of normality. This skew was primarily driven by high-value outliers, as their removal caused the mean to drop to $178.70 and the distribution to normalize, demonstrating that extreme prices for perceived "rare" items artificially inflate the market average. Further analysis using bootstrap methods established a robust 95% confidence interval of [$173.80, $183.50] for the core market price, highlighting its stability absent behavioral extremes. Visualizations confirmed a multimodal distribution, with a primary cluster at $100-250 and a secondary outlier cluster around $400-600, indicating distinct consumer segments and price thresholds. These statistical anomalies are interpreted through a behavioral lens: the "limited edition" framing triggers loss aversion and Fear of Missing Out (FOMO), social media influence and influencer campaigns propagate herding behavior that fuels speculative demand, and conspicuous consumption transforms the figures into status symbols, legitimizing premium pricing. The study concludes that the Labubu market is a quintessential example of how behavioral biases rather than pure economic rationality govern price formation in digital collectibles. It contributes an original, data-driven framework to the literature, bridging behavioral theory with empirical market data and underscoring the necessity of integrating psychological and social dynamics into analyses of modern digital consumer behavior.

Özet

Bu çalışma, dijital pazarlardaki Labubu koleksiyon figürlerinin fiyat dinamiklerinin altında yatan davranışsal iktisat unsurlarını incelemekte ve psikolojik faktörlerin fiyatları geleneksel arz-talep modellerinin ötesinde anlamlı bir şekilde çarpıttığını savunmaktadır. Beklenti Teorisi, gösterişçi tüketim ve sürü davranışı çerçevesine dayanan araştırma, premium ve orijinal figürlerden oluşan özenle filtrelenmiş 2024 eBay veri setini analiz etmektedir. Ampirik bulgular, ortalama fiyatın (221.35 $) medyan fiyattan (180 $) kayda değer ölçüde yüksek olduğu, yüksek basıklık gösteren, normal olmayan ve sağa çarpık bir fiyat dağılımını ortaya koymuş; Shapiro-Wilk testinin normalliği reddetmesiyle bu çarpıklık doğrulanmıştır. Bu çarpıklık, büyük ölçüde yüksek değerli aykırı değerlerden kaynaklanmış, bu değerlerin çıkarılması ortalamanın 178.70 $'a düşmesine ve dağılımın normale yaklaşmasına neden olarak, algılanan "nadir" ürünler için ödenen aşırı fiyatların piyasa ortalamasını yapay olarak şişirdiğini göstermiştir. Bootstrap yöntemi kullanılarak yapılan ileri analiz, çekirdek piyasa fiyatı için [173.80 $, 183.50 $] aralığında sağlam bir %95 güven aralığı oluşturulmuş ve bu fiyatın davranışsal aşırılıklar olmadığında istikrarını vurgulamıştır. Görselleştirmeler, birincil kümesi 100-250 $, ikincil aykırı değer kümesi ise 400-600 $ civarında olan çok tepeli bir dağılımı doğrulayarak farklı tüketici segmentleri ve fiyat eşiklerine işaret etmiştir. Bu istatistiksel anomaliler davranışsal bir mercekle yorumlanmıştır: "sınırlı üretim" çerçevelemesi kayıptan kaçınma ve FOMO'yu (Fırsatı Kaçırma Korkusu) tetiklemekte, sosyal medya etkisi ve influencer kampanyaları spekülatif talebi körükleyen sürü davranışını yaymakta ve gösterişçi tüketim bu figürleri bir statü sembolüne dönüştürerek premium fiyatlandırmayı meşrulaştırmaktadır. Çalışma, Labubu piyasasının, dijital koleksiyon ürünlerinde fiyat oluşumunun salt ekonomik rasyonaliteden ziyade davranışsal ön yargılar tarafından nasıl yönetildiğinin tipik bir örneği olduğu sonucuna varmaktadır. Literatüre, davranışsal teoriyi ampirik piyasa verileriyle birleştiren özgün, veri odaklı bir çerçeve sunmakta ve modern dijital tüketici davranışı analizlerine psikolojik ve sosyal dinamiklerin entegre edilmesi gerekliliğinin altını çizmektedir.

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Cite This Article

Tunçsiper, Ç., Örs, E. (2025). PRICING OF LABUBU FIGURES IN DIGITAL MARKETPLACES: A BEHAVIORAL ECONOMICS ANALYSIS. Izmir Democracy University Social Sciences Journal, Cilt: 8 Sayı: 2, 369–393. https://doi.org/10.61127/idusos.1820147

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