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| Author: | Estelami, H. Lehmann, D. R. Holden, A. C. |
| Title: | Macro-economic determinants of consumer price knowledge: A meta-analysis of four decades of research |
| Journal: | International Journal of Research in Marketing
2001 : DEC, VOL. 18:4, p. 341-356 |
| Index terms: | PRICES PRICING CONSUMERS MACROECONOMICS |
| Language: | eng |
| Abstract: | For the past four decades, dozens of researchers have studied consumer price knowledge, often with disagreements on the extent of consumer' ignorance about prices. While some of these disagreements have been attributed to research design variations among studies, no inquiry has yet been made on the role of the economic environment on consumer price knowledge. Nevertheless, environmental factors such as interest rates, unemployment, and economic growth may significantly influence consumers' knowledge of prices. Certain economic environments may therefore provide marketers with the ability to utilize pricing tactics which rely on limitations in consumers' knowledge of product prices. |
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