Product assortment and individual decision processes.
نویسنده
چکیده
Research presented in this article examines the impact of product assortment on individuals' decisions. Four experiments report converging evidence that the impact of assortment is moderated by the degree to which individuals have articulated attribute preferences, whereby individuals with an articulated ideal point are more likely to prefer larger assortments than individuals without articulated preferences. The data further show that choices made from large assortments are associated with more selective, alternative-based, and confirmatory processing for individuals with articulated preferences and more comprehensive, attribute-based, and comparative processing for those without articulated preferences.
منابع مشابه
Beyond Plain Vanilla: Modeling Joint Product Assortment and Pricing Decisions
This paper investigates empirically the product assortment strategies of oligopolistic firms. We develop a framework that integrates product choice and price competition in a differentiated product market. The present model significantly improves upon the reduced-form profit functions typically used in the entry and location choice literature, because the variable profits that enter the product...
متن کاملKatja Seim (University of Pennsylvania), Beyond Plain Vanilla: Modeling Joint Product Assortment and Pricing Decisions
This paper investigates empirically the product assortment strategies of oligopolistic firms. We develop a framework that integrates product choice and price competition in a differentiated product market. The present model significantly improves upon the reduced-form profit functions typically used in the entry and location choice literature, because the variable profits that enter the product...
متن کاملProduct Assortment Competition with the Decoy Effect
The fraction of customers who choose a particular item from among a set of available items can be increased significantly by the inclusion of a related inferior (and apparently irrelevant) item in the choice set. This violation of the independence from irrelevant alternatives and the regularity properties is called the decoy effect, dominance effect, or attraction effect. The decoy effect is on...
متن کاملRetail Assortment Planning in the Presence of Consumer Search
Consumers often know what kind of product they wish to purchase, but do not know which speci...c variant best ...ts their needs, so consumers shop around. As a result, a consumer may ...nd an acceptable product in one store but nevertheless purchase nothing, opting to continue searching for an even better product. We study three versions of the retail assortment problem: a traditional, no-searc...
متن کاملThe Determinants of Retail Assortment at U.s. Supermarkets
This paper empirically investigates the determinants of supermarkets’ assortments at U.S. supermarkets. We first observe that, across several product categories, the top selling items which cumulatively make up 50% of sales are viewed as core products which are sold at nearly every store. However, once the product is not a top seller, stores start to view stocking the products as optional. We t...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- Journal of personality and social psychology
دوره 85 1 شماره
صفحات -
تاریخ انتشار 2003