Does the introduction of the Euro have an effect on subjective hypotheses about the price-quality relationship?

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Product prices are often considered to be an indicator for quality. In our experiment we focussed on the question if consumers' hypotheses can be biased by exchanging the digits on price displays due to currency changes. We found that high numbers in a price expressed in terms of a currency with a relatively low value (German Mark) lead to a higher perceived quality level than an equivalent price expressed in terms of relatively high listed currency (Euro). Contrary to our expectations we could not prove that this effect is stronger for premium than for low‐budget products.
Original languageEnglish
JournalJournal of Consumer Behaviour
Volume5
Issue number3
Pages (from-to)204-210
Number of pages7
ISSN1472-0817
DOIs
Publication statusPublished - 17.06.2006
Externally publishedYes

DOI