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Malleable conjoint partworths: how the breadth of response scales alters price sensitivity

Chakravarti, Amitav, Grenville, Andrew, Morwitz, Vicki G, Tang, Jane and Ülkümen, Gülden (2013) Malleable conjoint partworths: how the breadth of response scales alters price sensitivity. Journal of Consumer Psychology, 23 (4). pp. 515-525. ISSN 1057-7408

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Abstract

Survey instruments such as conjoint tasks and pricing surveys are intended to reveal respondents’ price sensitivity. This research finds, however, that seemingly trivial aspects of these instruments can alter measured price sensitivity. This research examines the impact of innocuous questions that often precede a main conjoint task, such as demographic and usage-related screening questions. The findings demonstrate that whether these prior questions use broad (i.e., few scale points) or narrow (i.e., many scale points) response categories, systematically influences consumers’ price sensitivity in a CBC (Choice Based Conjoint) study. The research provides preliminary evidence that this occurs because the narrow (vs. broad) response categories in the prior questions leads to consideration of a greater (vs. fewer) number of attributes during the key conjoint task, consequently altering the importance weight associated with price.

Item Type: Article
Official URL: http://www.journals.elsevier.com/journal-of-consum...
Additional Information: © 2012 Elsevier B.V.
Library of Congress subject classification: H Social Sciences > HG Finance
Sets: Departments > Management
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 05 Oct 2012 15:53
URL: http://eprints.lse.ac.uk/46573/

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