Luxury economics: Is conspicuous consumption important factor for buying consumer electronics among students of VŠE?

The aim of this thesis is to find out whether social status is an important factor for buying consumer electronics (laptops and mobile phones to be specific) and if consumer electronics is therefore affected by conspicuous consumption. Main conclusions of this thesis were achieved by statistical and regression analysis of data acquired from a survey among 290 students of University of Economics. I found out that there are big differences among how different brands of consumer electronics are perceived from social status and it's signaling value point of view. I also found out that there is strong dependency between price of products of a given brand and it's social status signaling value. I also found out that there is not strong connection between price of a mobile phone or laptop and it's functionality, therefore functionality doesn't have strong influence on consumer choices considering buying these products