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ERIC Number: EJ1002488
Record Type: Journal
Publication Date: 2012
Pages: 17
Abstractor: As Provided
Reference Count: 41
ISBN: N/A
ISSN: ISSN-0033-2933
Patterns of Reinforcement and the Essential Value of Brands: II. Evaluation of a Model of Consumer Choice
Yan, Ji; Foxall, Gordon R.; Doyle, John R.
Psychological Record, v62 n3 p377-393 Sum 2012
We employ a behavioral-economic equation put forward by Hursh and Silberberg (2008) to explain human consumption behavior among substitutable food brands, applying a consumer-choice model--the behavioral perspective model (BPM; Foxall, 1990/2004, 2005). In this study, we apply the behavioral-economic equation to human economic consumption data. We attempt to find the variation pattern of essential value across brand groups differing in utilitarian reinforcement and informational reinforcement. The BPM denotes that consumers show less price responsiveness in closed settings and more price responsiveness in open settings. We also examine whether consumers are more sensitive to price changes in an open setting, where many alternatives are available, and vice versa. We find that (a) essential value varies across different brand groups within the same products; (b) brands with higher levels of utilitarian reinforcement showed larger essential value; (c) brands with higher levels of informational reinforcement showed larger essential value; and (d) the essential value of brands varies inversely with the degree of openness of consumer settings. (Contains 3 tables and 4 figures.)
Southern Illinois University Carbondale. Mailcode 4609, Rehabilitation Institute, Carbondale, IL 62901-4609. Tel: 618-536-7704; e-mail: psychrec@siu.edu; Web site: http://www.siuc.edu/~ThePsychologicalRecord/index.html
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United Kingdom