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Journal of the Academy of Marketing Science

, Volume 35, Issue 1, pp 89–100 | Cite as

The effects of perceived scarcity on consumers’ processing of price information

  • Rajneesh SuriEmail author
  • Chiranjeev Kohli
  • Kent B. Monroe
Original Empirical Research

Abstract

This research examines how perceived scarcity influences consumers’ processing of price information. To explain the effects of scarcity, a conceptual framework which incorporates both the motivational and the interference effects of scarcity on information processing is developed. The results from two studies show that under scarcity, consumers’ perceptions of quality and monetary sacrifice exhibit different response patterns, depending on the relative price level and consumers’ motivation to process information. We provide insights into how these perceptions of quality and sacrifice are integrated to form perceptions of value. Additional analyses of thought measures provided further understanding of the underlying processes that influenced the evaluation of price information under scarcity.

Keywords

Price Scarcity Motivation 

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Copyright information

© Springer-Verlag 2007

Authors and Affiliations

  • Rajneesh Suri
    • 1
    Email author
  • Chiranjeev Kohli
    • 2
  • Kent B. Monroe
    • 3
    • 4
    • 5
  1. 1.LeBow College of BusinessDrexel UniversityPhiladelphiaUSA
  2. 2.California State UniversityFullertonUSA
  3. 3.University of Illinois at Urbana-ChampaignUrbanaUSA
  4. 4.Drexel UniversityPhiladelphiaUSA
  5. 5.University of RichmondRichmondUSA

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