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Within the framework proposed by Mussa and Rosen (1978)for mod- elling quality di .erentiation,we allow consumers to … always prevails when consumers are assumed to make mutually exclusive purchases,either uniqueness,or multiplicity,or absence …
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A durable experience good produced by a monopoly can be of either high or low quality. While some sonsumers are informed of the quality the others are not and have to infer quality through the marketing strategy of the firm. The model is a natural extension of Bagwell and Riordan.
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Reports on a study in which 265 consumers were asked to assign price and quality estimates to women’s sweaters. Uses a …
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judgments of product prices. One important issue concerns whether consumers process price information in a similar way to that …Usually price information is presented as arabic numerals and consumers’ brand selections often involve comparative … communicate prices. This paper reports two studies that compare the processing of price with other numerical information.  …
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One main concern regarding the use of reference prices in advertisements relates to the possibility of deception due to … consumers' positive response towards exaggerated or implausible claims. This paper examines the moderating roles of a contextual … influencing consumer evaluation of reference prices across two experiments. The results support the hypothesized effects of need …
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knowledge by comparing consumers' price estimations with actual market prices. Data was collected, designed as a panel interview …, at two points of time. The price data contains the actual prices of six selected products, from 27 retail stores in … prices in Istanbul. The price estimation was obtained at personal interviews (599 individuals) outside a shopping situation …
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creating price perception subscales, no significant differences emerge between Chinese, Japanese, and US consumers on value … both China and Japan. The primary conclusions (i.e. that Chinese consumers reported significantly higher price and prestige … sensitivity, compared to USA and Japanese consumers, while US consumers showed higher levels of sales proneness than Chinese and …
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