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Best Value, Price-Seeking, and Price Aversion: The Impact of Information and Learning on Consumer Choices

Journal of MarketingPublished 1 April 1990
Gerard J. Tellis, Gary J. Gaeth
Citations340
SJR quartileQ1
SJR score13.39
SNIP5.22

Abstract

When information on product quality is not perfect, theories in the areas of consumer rationality, inference, and risk-aversion suggest at least three consumer choice strategies: best value, price-...

Keywords

Decision SciencesEconomics, Econometrics and FinanceBusiness, Management and Accounting