英文摘要 |
Price is a key to consumer’s shopping decisions. Therefore,understanding and estimating price effect on consumer shoppingbehavior is constantly of concern in marketing analysis and economicresearch. This empirical study employed the A.C. Nielsen HomescanData to examine consumers’ grocery shopping across qualitydifferentiatedstore formats and the impacts of prices on consumer storeformat choice decision in a non-coastal U.S. City during 2005-2008.Results from the Mixed Multinomial Logit regression show that the priceeffect on consumer store format choice varies among formats, and thevariation in price effect is smaller among the high-end format’s shoppersthan among the general formats’ shoppers. In addition, the results showthat the price effect varies among consumers of different income levels,and the richer is less price sensitive compared to the poorer. The methodand results from this empirical study provide useful insights forunderstanding the effect of prices on choosing where to shop in a marketwith preference heterogeneous consumers and quality differentiatedretailers. |