A research program for establishing the validity of the price-quality relationship
Kent B. Monroe, William B. Dodds
Journal of the Academy of Marketing Science · 1988 · Volume 16 · Issue 1
Abstract
Despite over 30 years of empirical investigations, it remains unclear whether (1) there is an actual positive relationship between price and product quality, and (2) whether buyers perceive a positive relationship between price and product quality. Although there has been a plethora of studies on the relationship, there is little agreement on what we know about the relationship. The paper assesses the current state of knowledge on the relationship and argues for a better conceptual framework for understanding the price-quality relationship. Then the paper outlines a systematic research program for establishing the validity of the relationship, and establishes a set of criteria for evaluating the contribution to knowledge of future research on the price-quality relationship.
Keywords
Quality Relationship, Consumer Research, Quality Perception, Price Information, Virginia Polytechnic Institute
Enable JavaScript for citation tools and additional paper interactions.