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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">esp</journal-id><journal-title-group><journal-title xml:lang="ru">Economy: strategy and practice</journal-title><trans-title-group xml:lang="en"><trans-title>Economy: strategy and practice</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">1997-9967</issn><issn pub-type="epub">2663-550X</issn><publisher><publisher-name>Институт экономики</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.51176/1997-9967-2026-2-55-69</article-id><article-id custom-type="elpub" pub-id-type="custom">esp-2050</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>МЕНЕДЖМЕНТ И МАРКЕТИНГ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>MANAGEMENT AND MARKETING</subject></subj-group></article-categories><title-group><article-title>Ценностно-ориентированное потребительское поведение на арт-рынке: поведенческо-экономический подход</article-title><trans-title-group xml:lang="en"><trans-title>Value-Driven Consumer Behavior in the Art Retail Market: A Behavioral Economics Approach</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Янг</surname><given-names>Х.</given-names></name><name name-style="western" xml:lang="en"><surname>Yang</surname><given-names>H.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Янг Х. – PhD докторант</p><p>Суджон-гу, Соннамси, Кенгидо</p></bio><bio xml:lang="en"><p>Heejoo Yang – PhD student</p><p>Jeju-si</p></bio><email xlink:type="simple">yeesim77@gmail.com</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Парк</surname><given-names>С.</given-names></name><name name-style="western" xml:lang="en"><surname>Park</surname><given-names>S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Парк С. – PhD, ассоциированный профессор</p><p>Суджон-гу, Соннамси, Кенгидо</p></bio><bio xml:lang="en"><p>Seolwoo Park – PhD, Associate Professor</p><p>Jeju-si</p></bio><email xlink:type="simple">swpark@jejunu.ac.kr</email><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Университет Юлджи</institution><country>Южная Корея</country></aff><aff xml:lang="en"><institution>Jeju National University</institution><country>Korea, Republic of</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2026</year></pub-date><pub-date pub-type="epub"><day>18</day><month>07</month><year>2026</year></pub-date><volume>21</volume><issue>2</issue><fpage>55</fpage><lpage>69</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Янг Х., Парк С., 2026</copyright-statement><copyright-year>2026</copyright-year><copyright-holder xml:lang="ru">Янг Х., Парк С.</copyright-holder><copyright-holder xml:lang="en">Yang H., Park S.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://esp.ieconom.kz/jour/article/view/2050">https://esp.ieconom.kz/jour/article/view/2050</self-uri><abstract><p>В условиях трансформации потребительского поведения и роста значимости нематериальных ценностей исследование факторов, определяющих рекомендательное поведение на рынке искусства, приобретает особую актуальность. Целью данного исследования является выявление влияния ценностей потребления на рекомендательное поведение потребителей на арт-рынке с учётом медиирующей роли гедонического и эвдемонического счастья. Онлайн-опрос был проведён среди 342 респондентов поколения MZ. Были измерены пять типов ценностей потребления (функциональная, эмоциональная, социальная, эпистемическая и этическая), а также два вида счастья и рекомендательное поведение (далее WOM). Для проверки выдвинутых гипотез и оценки медиирующих эффектов применялись методы структурного моделирования и бутстрэппинга. Результаты анализа показывают, что социальная (β = 0.284; p &lt;0.001), эпистемическая (β = 0.205; p &lt;0.001) и этическая (β = 0.229; p &lt;0.001) ценности оказывают значимое влияние на эвдемоническое счастье, тогда как эмоциональная (β = 0.240; p &lt;0.001) и социальная (β = 0.289; p &lt;0.001) ценности значимо влияют на гедоническое счастье. В исследовании выявлены двойственные гедонические и эвдемонические механизмы, посредством которых ценности потребления формируют рекомендательное поведение в контексте розничной торговли на арт-рынке. Полученные результаты подтверждают, что потребительское благополучие является ключевым поведенческим механизмом трансформации ценностей потребления в рекомендательное поведение, что имеет важное значение для разработки стратегий развития арт-рынка и повышения эффективности маркетинговых коммуникаций.</p></abstract><trans-abstract xml:lang="en"><p>In the context of the transformation of consumer behavior and the growing importance of intangible assets, the study of factors determining recommendation behavior in the art market is becoming particularly relevant. The purpose of this study is to identify the influence of consumer values on the recommendation behavior of consumers in the art market, taking into account the mediating role of hedonic and eudaimonic happiness. An online survey was conducted with 342 MZ generation respondents. Five consumption values (functional, emotional, social, epistemic, and ethical) were measured along with two types of happiness and word-of-mouth (hereinafter WOM). Structural equation modeling and bootstrapping were used to test the hypothesized relationships and mediating effects. The analysis results show that social (β = 0.284; p &lt; 0.001), epistemic (β = 0.205; p &lt; 0.001) and ethical (β = 0.229; p &lt; 0.001) values have a significant impact on eudaimonic happiness, while emotional (β = 0.240; p &lt; 0.001) and social (β = 0.289; p &lt; 0.001) values significantly affect hedonic happiness. The study identifies dual hedonic and eudaimonic pathways through which consumption values shape WOM in the arts retail context. The results obtained confirm that consumer happiness is a key behavioral mechanism for the transformation of consumer values into recommendatory behavior, which is important for developing strategies for the development of the art market and improving the effectiveness of marketing communications.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>рынок</kwd><kwd>розничный рынок</kwd><kwd>розничное потребительское поведение</kwd><kwd>поведенческая экономика</kwd><kwd>потребитель</kwd><kwd>потребительское благополучие</kwd><kwd>маркетинговая стратегия</kwd><kwd>креативная экономика</kwd></kwd-group><kwd-group xml:lang="en"><kwd>Market</kwd><kwd>Retail Market</kwd><kwd>Retail Behavior</kwd><kwd>Behavioral Economics</kwd><kwd>Consumer</kwd><kwd>Consumer Happiness</kwd><kwd>Marketing Strategy</kwd><kwd>Creative Economy</kwd></kwd-group><funding-group><funding-statement xml:lang="ru">исследование выполнено при поддержке гранта на образовательную, научную и студенческую деятельность, предоставленного Национальным университетом Чеджу в 2025 г.</funding-statement><funding-statement xml:lang="en">the study was supported by the 2025 education, research and student guidance grant funded by Jeju National University.</funding-statement></funding-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Alba, J. 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