Consumer brand choice: money allocation as a function of brand reinforcing attributes

Oliveira-Castro, Jorge M., Foxall, Gordon Robert ORCID: https://orcid.org/0000-0002-3572-6456 and Wells, Victoria Kate 2010. Consumer brand choice: money allocation as a function of brand reinforcing attributes. Journal of Organizational Behavior Management 30 (2) , pp. 161-175. 10.1080/01608061003756455

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Abstract

Previous applications of the matching law to the analysis of consumer brand choice have shown that the amount of money spent purchasing a favorite brand tends to match the quantity bought of the favorite brand divided by the quantity bought of all other brands. Although these results suggest matching between spending and purchased quantity, branded goods differ qualitatively among themselves, rendering previous matching analyses incomplete. Consumer panel data containing information about more than 1,500 British consumers purchasing four grocery product categories (baked beans, biscuits, fruit juice, and yellow fats) during 52 weeks were analyzed. All the brands purchased were classified according to the level of informational and utilitarian reinforcement they were programmed to offer. An adaptation of the generalized matching law was adopted, in which the amount of money spent was a power function of the quantity bought, informational level of the brand bought, utilitarian level of the brand bought, and a measure of price promotion.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce H Social Sciences > HM Sociology
Uncontrolled Keywords:	Brand choice; matching; behavioral economics; consumer behavior analysis; Behavioral Perspective Model.
Publisher:	Taylor & Francis
ISSN:	0160-8061
Last Modified:	20 Oct 2022 09:55
URI:	https://orca.cardiff.ac.uk/id/eprint/33533

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