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Erschienen in: Marketing Letters 3/2007

01.09.2007

The price-perceived quality relationship: A meta-analytic review and assessment of its determinants

verfasst von: Franziska Völckner, Julian Hofmann

Erschienen in: Marketing Letters | Ausgabe 3/2007

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Abstract

The authors conducted a meta-analysis of study results on the price-perceived quality relationship published from 1989 to 2006. The findings show that the price effect on perceived quality has decreased. Furthermore, the price–quality relationship is stronger in studies that use a within-subjects design, investigate higher priced products, and use samples from European countries but weaker for services, durable goods, and respondents who are familiar with the product. A striking null result indicates that the number of cues does not affect the price-perceived quality relationship significantly.

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Fußnoten
1
We inspected the following journals: International Journal of Research in Marketing, Journal of the Academy of Marketing Science, Journal of Consumer Research, Journal of Marketing, Journal of Marketing Research, Journal of Retailing, Management Science, Marketing Letters, and Marketing Science.
 
2
Rao and Monroe (1989) use a total set of 54 price-perceived quality effects.
 
3
Bijmolt and Pieters (2001) compared the single value and the complete set approaches on their ability to detect the true effect size in a Monte Carlo study.
 
4
We convert t values to a point biserial correlation by using \( r_{{{\text{pbis}}}} = {\sqrt {\frac{{t^{2} }} {{t^{2} + df}}} } \), where t = t value and df = degrees of freedom (Cohen, 1988, p. 545). Glass et al. (1981) recommended a conversion of this point biserial correlation to a biserial correlation by using \( r_{{bis}} = r_{{pbis}} \cdot {\sqrt {\frac{{n_{1} \cdot n_{2} }} {{\nu \cdot n}}} } \), where ν = ordinate of unit normal distribution and n = total sample size. According to this formula, it is possible in practice to obtain values of r bis greater than 1.00 if the point biserial correlation is larger than approximately 0.8.
 
5
Rao and Monroe (1989) used a reduced set of 33 price–perceived quality data points in their analyses.
 
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Metadaten
Titel
The price-perceived quality relationship: A meta-analytic review and assessment of its determinants
verfasst von
Franziska Völckner
Julian Hofmann
Publikationsdatum
01.09.2007
Verlag
Springer US
Erschienen in
Marketing Letters / Ausgabe 3/2007
Print ISSN: 0923-0645
Elektronische ISSN: 1573-059X
DOI
https://doi.org/10.1007/s11002-007-9013-2

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