People experience feelings of ownership not only for physical goods (i.e. products they can touch and see), but also for digital goods, ideas, designs, other people, or public goods, like organisations.

But what motivates us to feel ownership over those different targets? In a review article on psychological ownership in marketing and consumer research, Joann Peck (University of Wisconsin-Madison) and Andrea W. Luangrath (University of Iowa) are discussing the underlying motivations behind psychological ownership, as well as considering its antecedents and consequences. As key motives, they are discussing (1) effectance motivation, (2) signaling self-identity, (3) feeling at home, and (4) need for stimulation. If a person feels psychological ownership of a target, more than one motive can be active, e.g. if you experience psychological ownership of a parking space (My parking space) or a book (My edition of ‘The old man and the sea’) or a pet (My black cat).

You can find more about the research of Peck and Luangrath (2023) here.