Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168690
Authors: 
Cătoiu, Iacob
Vrânceanu, Diana Maria
Filip, Alina
Year of Publication: 
2010
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 12 [Year:] 2010 [Issue:] 27 [Pages:] 115-128
Abstract: 
In commercial area, the price has a major importance, being frequently considered among the main criteria used in buying decision process. Price fairness derives from equity theory and it is focused on assuring in a transaction a reasonable report between the customer’s sacrifice and the value offered by the seller. In three marketing experiments we have evaluated customers’ fairness perceptions of differential prices, this tactic being frequently used by sellers. One important finding was that the motive for setting differential prices is important in fairness evaluation. Price differences based on social motives are perceived fairer than those motivated by company’s interest. The differential prices on customer category are perceived fairer than zone prices. In all three marketing experiments it was demonstrated that price fairness has a significant influence on value perception and on buying intentions. Fair prices setting is one of the principles sustainable marketing is based on, reflecting a long term orientation for a company. By following this decisional direction, the commercial firm increases the value offered to its customers and it becomes more socially responsible.
Subjects: 
sustainable development
sustainable marketing
fair price
price fairness
differential prices
distributive fairness
procedural fairness
JEL: 
M14
M31
O10
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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