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Estimation of Willingness-to-Pay

Theory, Measurement, Application

  • Authors
  • Christoph¬†Breidert

Table of contents

About this book

Introduction

To determine the willingness-to-pay (WTP) for products and/or services from a customer perspective is crucial for modern approaches to pricing.

With the Price Estimation scene (PE scene) Christoph Breidert introduces a new method to estimate WTP. It works as an additional interview scene appended to conjoint analysis and offers the respondents a dynamically generated sequence of product choices with assigned prices. The customers indicate whether they would actually purchase the presented product profiles. The PE scene is tested in an empirical investigation in which the WTP of the customers of the Nokia online shop in Germany was estimated for different product bundles.

Keywords

Conjoint analysis Online-surveying Pricing Statistics marketing

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-8350-9244-0
  • Copyright Information Deutscher Universit√§ts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2006
  • Publisher Name DUV
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8350-0399-6
  • Online ISBN 978-3-8350-9244-0
  • Buy this book on publisher's site