Is it really worth it?: A test of pay-what-you-want pricing strategies in a German consumer behaviour context

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Authors

This paper focuses on the factors that significantly influence an individual’s decision in establishing a price for a standardised product under so-called pay-what-you-want (PWYW) circumstances. Current research has identified seven influential constructs that are assumed to be the main drivers of consumer behaviour when making a pricing decision in a PWYW environment: fairness, altruism, loyalty, price consciousness, income, satisfaction and reference price. This paper extends the list of influential factors with an additional construct, situational factors and examines the constructs’ relative importance with regard to their influence on a PWYW decision. Moreover, the positive effect of personal interaction on a buyer’s willingness to pay during a payment situation in the PWYW context was confirmed.
OriginalspracheEnglisch
ZeitschriftGlobal Business and Economics Review
Band18
Ausgabennummer1
Seiten (von - bis)82-100
Anzahl der Seiten19
ISSN1097-4954
DOIs
PublikationsstatusErschienen - 2016

DOI

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