TY - JOUR
T1 - Regulatory focus as a predictor of attitudes toward partitioned and combined pricing
AU - Lee, Kiljae
AU - Choi, Jungsil
AU - Li, Yexin Jessica
PY - 2014/1/1
Y1 - 2014/1/1
N2 - Partitioned pricing is a widely used pricing strategy, but little is known about the buyer characteristics that influence its effectiveness. The current research contributes to the pricing literature by investigating the impact of regulatory focus on the perceived attractiveness of partitioned and combined pricing. In four studies, we hypothesized and found support for the idea that promotion focused individuals perceive partitioned prices to be more attractive than combined prices, while prevention focused individuals do not differentiate between the two pricing types. Our results also show that regulatory focus influences consumers' information processing style, which in turn leads to important differences in attitudes towards partitioned and combined pricing. Specifically, promotion focused consumers are more likely to engage in global processing and global processing is linked to preferences for partitioned (versus combined) prices. © 2014 Society for Consumer Psychology.
AB - Partitioned pricing is a widely used pricing strategy, but little is known about the buyer characteristics that influence its effectiveness. The current research contributes to the pricing literature by investigating the impact of regulatory focus on the perceived attractiveness of partitioned and combined pricing. In four studies, we hypothesized and found support for the idea that promotion focused individuals perceive partitioned prices to be more attractive than combined prices, while prevention focused individuals do not differentiate between the two pricing types. Our results also show that regulatory focus influences consumers' information processing style, which in turn leads to important differences in attitudes towards partitioned and combined pricing. Specifically, promotion focused consumers are more likely to engage in global processing and global processing is linked to preferences for partitioned (versus combined) prices. © 2014 Society for Consumer Psychology.
KW - Information processing
KW - Partitioned pricing
KW - Regulatory focus
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U2 - 10.1016/j.jcps.2014.01.001
DO - 10.1016/j.jcps.2014.01.001
M3 - Article
SN - 1057-7408
VL - 24
SP - 355
EP - 362
JO - Journal of Consumer Psychology
JF - Journal of Consumer Psychology
IS - 3
ER -