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Effects of Money-Back and Low-Price Guarantees on Consumer Behavior

In: Quantitative Marketing and Marketing Management

Author

Listed:
  • Thomas Suwelack

    (University of Münster)

  • Manfred Krafft

    (University of Münster)

Abstract

Money-back guarantees (MBGs) and low-price guarantees (LPGs) are frequently implemented in retailing practice to positively influence consumer behavior. In this literature review 28 MBG and 30 LPG studies are systemized and discussed. While both a behavioral and an economic research stream exist, the focus of this review is on the effects of MBGs and LPGs on consumer behavior. Furthermore, this literature review provides some avenues for future MBG and LPG research and offers implications for retailing practice.

Suggested Citation

  • Thomas Suwelack & Manfred Krafft, 2012. "Effects of Money-Back and Low-Price Guarantees on Consumer Behavior," Springer Books, in: Adamantios Diamantopoulos & Wolfgang Fritz & Lutz Hildebrandt (ed.), Quantitative Marketing and Marketing Management, edition 127, chapter 6, pages 531-561, Springer.
  • Handle: RePEc:spr:sprchp:978-3-8349-3722-3_26
    DOI: 10.1007/978-3-8349-3722-3_26
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    Cited by:

    1. Janakiraman, Narayan & Syrdal, Holly A. & Freling, Ryan, 2016. "The Effect of Return Policy Leniency on Consumer Purchase and Return Decisions: A Meta-analytic Review," Journal of Retailing, Elsevier, vol. 92(2), pages 226-235.

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