Luxury brands pursuing lifestyle positioning: effects on willingness to pay

被引:6
|
作者
Massara, Francesco [1 ,2 ]
Porcheddu, Daniele [3 ]
Melara, Robert D. [4 ]
机构
[1] IULM Univ, Via Carlo Bo 1, I-20144 Milan, Italy
[2] Univ Toulouse, Toulouse Business Sch, 20 Blvd Lascrosses, F-31068 Toulouse, France
[3] Univ Sassari, Dept Econ & Business, Via Muroni 25, I-07100 Sassari, Italy
[4] CUNY, City Coll, Dept Psychol, 160 Convent Ave, New York, NY 10031 USA
关键词
Luxury brands; Lifestyle advertising; Product-centered advertising; Abstractness; Brand familiarity; Willingness to pay; PSYCHOLOGICAL DISTANCE; CONSTRUAL-LEVEL; EXTENDED SELF; CONSUMERS; DESIRABILITY; ASSOCIATION; FAMILIARITY; RELEVANCE; KNOWLEDGE; COGNITION;
D O I
10.1057/s41262-018-0130-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
Under the lens of construal level theory (CLT), this paper offers a new perspective on lifestyle advertising practiced by luxury brands clarifying both its value and its limitations. We find that under conditions of high brand familiarity (BF) lifestyle advertising is inconsistent with high-level construals, diminishing consumers' willingness to pay (WTP) for the advertised brand. Using a measure of language-induced abstractness, we show that lifestyle advertising is detrimental to WTP when consumers are familiar with the brand (condition involving saliency of low-level construals), but not when they are new to the brand (n = 180). In a follow-up study, we find support for a moderated mediation model in which abstractness mediates the effect of advertising type on WTP, whereas BF moderates the mediation, depressing abstractness when familiarity is high and enhancing it when low. In conclusion, our evidence suggests to managers in the luxury industry that low construal levels are key to using price as a tactical tool in positioning their brands. We conclude with a discussion of implications of these results for luxury brands research and management.
引用
收藏
页码:291 / 303
页数:13
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