WTP consumer's key factors for local and regional newspaper print subscription plans

Saavedra, José Luis and González, Ana Karina

Journal of Retailing and Consumer Services, 2015, vol. 27, issue C, 164-169

Abstract: This paper examines what predictors of consumer's willingness to pay (WTP) are relevant for local and regional newspaper subscription plan in developing countries. Three studies were conducted to determine the WTP key factor of consumers. The first study revealed people bought newspaper as a routine and they were not willing to consider other distribution alternatives. Additionally, as customers considered that the cover price paid for a single newspaper was insignificant they had no reason to accept discounts in subscription offers. The second study evidenced that three factors would influence consumer's WTP when it comes to newspaper subscription plan: Reason to buy (discount price and expectations), Loyalty (brand, place, and vendor) and behavioral actions (buying and reading habits, good quality of printing, and others products involved). The third study revealed that two of three studied components, reason to buy and loyalty had a fundamental impact on consumer decision-making. The final studied component, behavioral actions had lower prevalence. The practical implications of these findings were discussed.

Keywords: Willingness to pay; Newspaper; Subscription plans; Consumer decision-making (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joreco:v:27:y:2015:i:c:p:164-169

DOI: 10.1016/j.jretconser.2015.06.007

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