Monetary scarcity leads to increased desire for assortment
Journal Article (Journal Article)
Money is a unique resource that provides considerable freedom and options to consumers. Restrictions on money may have a broader impact on consumers than similar restrictions to other desirable resources. In the first two studies, we show that within two different resources, money and space, only money prompts a stronger desire for a large assortment. In two subsequent studies, we find that when individuals face monetary scarcity, they place more value on their freedom of choice, in that they are dissatisfied with small assortments (study 3) and tend to prefer to keep their choice options open (study 4). Importantly, this effect is especially strong among highly reactant consumers.
Full Text
Duke Authors
Cited Authors
- Kerckhove, AV; Lunardo, R; Fitzsimons, GJ
Published Date
- October 1, 2020
Published In
Volume / Issue
- 5 / 4
Start / End Page
- 377 - 390
Electronic International Standard Serial Number (EISSN)
- 2378-1823
International Standard Serial Number (ISSN)
- 2378-1815
Digital Object Identifier (DOI)
- 10.1086/709889
Citation Source
- Scopus