The Consumer in Physical Pain: Implications for the Pain-of-Paying and Pricing
Eugene Y. Chan
Journal of the Association for Consumer Research, 2021, vol. 6, issue 1, 10 - 20
Abstract:
Over one in five Americans suffer from chronic pain—a figure that does not include other, milder, transient types of pain. Thus, there is abundant work exploring the influence of physical pain on physical and psychological welfare. However, there is no work regarding how physical pain influences consumption decisions, which is important because people in physical pain still buy products and make purchases. Give that physical pain “demands” attention, we suggest that consumers in physical pain (vs. those who are not) feel the pain-of-paying less, thereby increasing their purchase intentions and willingness-to-pay for products. We find evidence for our hypothesis in four studies with field and lab assessments of physical pain. We discuss the contributions and limitations of our work. We also highlight several implications that concern pricing decisions for marketers.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jacres:doi:10.1086/710245
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