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    How come they know? The Effects of Social Comparison on Value Consciousness and Price Mavenism

    96808.pdf (457.1Kb)
    Access Status
    Open access
    Authors
    Pillai, Kishore Gopalakrishna
    Jha, Shweta
    Sharma, Piyush
    Chakraborty, Ratula
    Dobson, Paul
    Date
    2025
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Pillai, K.G. and Jha, S. and Sharma, P. and Chakraborty, R. and Dobson, P. 2025. How come they know? The Effects of Social Comparison on Value Consciousness and Price Mavenism. Journal of Consumer Behaviour: an international research review.
    Source Title
    Journal of Consumer Behaviour: an international research review
    DOI
    10.1002/cb.2466
    ISSN
    1472-0817
    Faculty
    Faculty of Business and Law
    School
    School of Management and Marketing
    URI
    http://hdl.handle.net/20.500.11937/97044
    Collection
    • Curtin Research Publications
    Abstract

    Social interactions and the exchange of interpersonal information are important to consumers' shopping experiences. Social interactions can trigger social comparisons that can influence consumer's value and price perceptions. This research investigates the effects of social comparison orientation (SCO) on consumers' value consciousness (VC) and price mavenism (PM). It also examines the moderating role of general self-efficacy (GSE) and identification. We employed a mixed-method approach and investigated the conceptual framework using a survey (N = 229) and an experimental (N = 516) method. The findings revealed the positive effects of SCO on VC and PM. GSE negatively moderates the impact of SCO on VC. Further, when identification with the social referent is high (vs. low) and assimilation (vs. contrast) effect is observed then upward (vs. downward) comparison leads to greater levels of VC and PM. The paper concludes with implications for marketing value-focused brands and retailers.

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