Effects of seller-supplied prices on buyers' product evaluations:: Reference prices in an Internet auction context

被引:126
作者
Kamins, MA [1 ]
Drèze, X
Folkes, VS
机构
[1] Univ So Calif, Marshall Sch Business, Los Angeles, CA 90089 USA
[2] Univ Penn, Wharton Sch, Philadelphia, PA 19104 USA
[3] Univ So Calif, Marshall Sch Business, Dept Mkt, Los Angeles, CA 90089 USA
关键词
D O I
10.1086/380294
中图分类号
F [经济];
学科分类号
02 ;
摘要
A field experiment investigated the impact of two external reference points under the seller's control on the final price of an auction. When an item's seller specified a high external reference price ( a reserve price), the final bid was greater than when the seller specified a low external reference price ( a minimum bid). When the seller provided both high and low reference prices, the reserve influenced the final bid more. The low reference price led to a lower outcome compared to when the seller did not communicate any reference price. The number of bidders influenced outcomes in the absence of seller-supplied reference prices.
引用
收藏
页码:622 / 628
页数:7
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