Price as an Indicator of Quality
Report on an Enquiry
Bibliographic Data
| ID | 9725995 |
|---|---|
| Authors | Andre Gabor, Clive W J Granger |
| Year | 1966 |
| Volume | 33 |
| Issue | 129 |
| Pages | 43 |
| Publication date | 1966-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2552272 |
| OpenAlex | W2992522965 |
| Language | EN |
| Citations received | 21 |
I. Introduction It is generally accepted that price may enter into the determination of consumers' choice in two ways: as an indicator of cost and as an indicator of quality. Contemporary demand theory rests heavily on the first of these two functions while the second tends to be treated as if it were an exceptional and anomalous phenomenon, to be mentioned only in order to be dismissed as unimportant. Indeed, it is of considerable analytical convenience to ignore price as a quality indicator, because if this is not done, the utility function of the individual must be formulated so as to incorporate an additional set of independent variables, namely the prices of all the commodities in the market. The problem is not intrinsically insoluble but it leads to difficulties which can be avoided simply by denying the relevance of this aspect of price
Economics · Function (biology) · Microeconomics · Order (exchange) · Phenomenon · Quality (philosophy) · Relevance (law) · Set (abstract data type) · Computer Science · Economic Theory and Institutions
Speaking of Economics
What do We Know about Consumers' Price Perception? Research Findings of Studies in Sociology and Marketing Science
Global Financial Crises in Post-Socialist Countries
Consumer Expectations of Russian Population (1996−2009)
Price Expectation and Price Recall Error
Predispositions Toward Generic Drug Acceptance
Asymmetric Response to Price in Consumer Brand Choice and Purchase Quantity Decisions
A Model of Advertising and Product Quality
Measuring Consumers' Willingness to Pay at the Point of Purchase
Do You Want Me
Behavioral Economic Analysis of Framing Effects on Residential Safe Room Demand
Advertising and Market Share Mobility
Business and Academic Interests in the Maintenance of Standards in Online Higher Education
A Review and Comparative Analysis of Retail Grocery Price Variations
Scarcity and preference
Consumers' subjective perception of price in times of inflation
Scarcity and consumer choice behavior
The process of reaching an agreement in second-hand markets for consumer durables
Attitude theory and behavioral costs
A model for the effects of psychological pricing in Gabor–Granger price studies
The Good, the Bad, and the Ugly Weed”
| Unique citing works | 21 |
|---|---|
| Citations per year | 0,4 |
| Citation span | 1974 - 2026 (53) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 13 |