The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
A Reference Price Model of Brand Choice for Frequently Purchased Products
Abstract
A brand choice model that incorporates both reference and observed prices is proposed for frequently purchased products. The model is composed of a probability-of-purchase component and a reference-price-formation component. Empirical testing of the model using coffee UPC scanner panel data demonstrates that for two of the three brands, the model predicts probability of purchase better than do standard demand models that utilize only current observed brand prices.
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Citations
Cites
The Role of Price in Multi-Attribute Product Evaluations
Erickson, G. M., & Johansson, J. K. (1985) · Journal of Consumer Research · doi:10.1086/208508 · Cited by 412
Social categorization as a function of latitude of acceptance and series range.
Sherif, C. W. (1963) · The Journal of Abnormal and Social Psychology · doi:10.1037/h0043022 · Cited by 199
Cited by
Loss aversion in riskless choice: A reference-dependent model.
Tversky, A., & Kahneman, D. (1991) · The Quarterly Journal of Economics · doi:10.2307/2937956 · Cited by 6,432
Lichtenstein, D. R., Netemeyer, R. G., & Burton, S. (1990) · Journal of Marketing · doi:10.1177/002224299005400305 · Cited by 1,054
Reference Price Research: Review and Propositions
Mazumdar, T., Raj, S. P., & Sinha, I. (2005) · Journal of Marketing · doi:10.1509/jmkg.2005.69.4.84 · Cited by 848
Kivetz, R., Urminsky, O., & Zheng, Y. (2006) · Journal of Marketing Research · doi:10.1509/jmkr.43.1.39 · Cited by 727
Incorporating Reference Price Effects into a Theory of Consumer Choice
Putler, D. S. (1992) · Marketing Science · doi:10.1287/mksc.11.3.287 · Cited by 370
Metadata
- Authors
- Winer, R. S.
- Venue
- Journal of Consumer Research
- Publisher
- Oxford University Press (OUP)
- Published
- 1986-09-01
- Volume
- 13
- Issue
- 2
- Pages
- 250-256
- ISSN
- 0093-5301 (ISSN-L)
- 1537-5277
- OpenAlex
- W2033434148
- Cited by
- 932
- References
- 2
- FWCI
- 18.16
- Type
- journal article
- Language
- en
- Open access
- closed
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- Winer, R. S. (1986). A Reference Price Model of Brand Choice for Frequently Purchased Products. Journal of Consumer Research. https://doi.org/10.1086/209064
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.