1996
DOI: 10.1177/002224299606000207
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Price Search in the Retail Grocery Market

Abstract: The literature has produced an incomplete understanding of factors explaining the variance in price search in markets in which search is a regularly occurring activity. The authors develop a model of price search in the retail grocery industry by expanding the classic cost-benefit model and integrating psychosocial returns and concepts from human capital theory. The results indicate that prior investment search and market mavenism explain significant amounts of variance in price- and specials-related search, r… Show more

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Cited by 159 publications
(75 citation statements)
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References 62 publications
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“…Therefore, it is relatively easy to remember whether or not a certain store is offering PMGs (Moorthy and Zhang 2006). However, customers have to put some effort in obtaining and comparing the actual prices of competing stores, i.e., have to incur price-search cost (Urbany et al 1996). Consequently, the size of the customer segment informed about prices depends on the price-search cost associated with the product category.…”
Section: Motivation and Introductionmentioning
confidence: 99%
“…Therefore, it is relatively easy to remember whether or not a certain store is offering PMGs (Moorthy and Zhang 2006). However, customers have to put some effort in obtaining and comparing the actual prices of competing stores, i.e., have to incur price-search cost (Urbany et al 1996). Consequently, the size of the customer segment informed about prices depends on the price-search cost associated with the product category.…”
Section: Motivation and Introductionmentioning
confidence: 99%
“…According to the search cost literature, consumers face three types of search costs: the cost of locating an appropriate seller, the cost of obtaining price information, and the cost of obtaining product information [5,48,54]. In electronic marketplaces, search for an appropriate seller is classifi ed as cross-site search, while search for price and search for product information are bundled together as in-site search (i.e., a consumer visits a desired site and there obtains both price and product-related information).…”
Section: Search Process At Shopping On-linementioning
confidence: 99%
“…Particularly, market maven consumers, that is individuals who possess information about products, places to shop, and who provide other consumers with market information, would more likely engage in direct mail experience in order to learn and share more about products involved through this process (Price and Feick, 1988;Urbany, Dickson and Kalapurakal, 1996). Also, the issues of privacy and financial risks are often cited as key variables in studies about direct mail (Lamb, Hair and McDaniel, 1994;McLaughlin, 1999).…”
Section: Individual Traits That Might Influence Consumers' Responses mentioning
confidence: 99%