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| Content Provider | Springer Nature Link |
|---|---|
| Author | Wieseke, Jan Kolberg, Anika Schons, Laura Marie |
| Copyright Year | 2015 |
| Abstract | Retailers are increasingly using round prices, a trend at odds with the marketing belief in the superiority of just-below prices. However, conclusive empirical evidence on the effectiveness of different price endings is still missing. Addressing this void, this paper presents four field-experimental studies with a broad array of samples revealing the central role of convenience in the context of price endings. Findings indicate that consumers perceive round prices as more convenient because their high cognitive accessibility saves time and effort during transactions, which is corroborated using a reaction time measure. Accordingly, round prices increase sales in purchase situations characterized by a high importance of convenience. Further, consumers’ convenience consciousness explains preferences for different price endings. This research thus contributes to the behavioral pricing literature by challenging traditional marketing beliefs and providing convincing evidence of the superiority of round prices in a complex world where many customers attach great importance to convenience. |
| Starting Page | 474 |
| Ending Page | 494 |
| Page Count | 21 |
| File Format | |
| ISSN | 00920703 |
| Journal | Journal of the Academy of Marketing Science |
| Volume Number | 44 |
| Issue Number | 4 |
| e-ISSN | 15527824 |
| Language | English |
| Publisher | Springer US |
| Publisher Date | 2015-02-10 |
| Publisher Institution | Academy of Marketing Science |
| Publisher Place | New York |
| Access Restriction | One Nation One Subscription (ONOS) |
| Subject Keyword | Price endings Convenience Round prices Just-below prices Behavioral pricing Business and Management Marketing Social Sciences |
| Content Type | Text |
| Resource Type | Article |
| Subject | Business and International Management Economics and Econometrics Marketing |
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