The impact of outside option saliency and product descriptions on consumer wine tasting behavior

IF 1.6 4区 经济学 Q2 AGRICULTURAL ECONOMICS & POLICY Journal of Wine Economics Pub Date : 2023-09-27 DOI:10.1017/jwe.2023.12
Nadia A. Streletskaya, Nadeeka Weerasekara, Jie Li
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Abstract

Abstract Consumer choice of differentiated products, such as wine, depends on the composition of the choice set consumers are choosing from. However, choice sets are often situationally defined through wine-tasting lists or displayed wines in a particular tasting and sales environment. In this paper, we use an experiment to explicitly modify the saliency of wine options available outside the tasting room choice set and the amount of sensory information available about the wines before wine tasting. We explicitly test whether consumer regret and fear of missing out on alternative options or consumer search costs are more likely to drive behavior around large choice sets. We find that increasing the saliency of outside options decreases one's propensity to taste the wines available for tasting and purchase immediately, while changing search costs through sensory descriptions does not affect tasting behavior. This provides support for the anticipated regret and fear of missing out motivations for behavior around large wine-tasting lists.
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外部期权显著性和产品描述对消费者品酒行为的影响
消费者对差异化产品(如葡萄酒)的选择取决于消费者所选择的选择集的构成。然而,选择集通常是通过品酒清单或在特定的品酒和销售环境中展示的葡萄酒根据情况定义的。在本文中,我们使用一个实验来显式地修改品酒室选择集之外可用的葡萄酒选项的显着性和品酒前可用的葡萄酒感官信息量。我们明确地测试了消费者对错过其他选择的后悔和恐惧,或者消费者的搜索成本,是否更有可能驱动大型选择集的行为。我们发现,增加外部选择的显著性会降低人们品尝可供品尝和立即购买的葡萄酒的倾向,而通过感官描述改变搜索成本不会影响品酒行为。这就支持了人们对错过大型品酒单行为动机的预期后悔和恐惧。
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来源期刊
Journal of Wine Economics
Journal of Wine Economics Agricultural and Biological Sciences-Food Science
CiteScore
3.20
自引率
28.60%
发文量
33
期刊介绍: The Journal of Wine Economics (JWE), launched in 2006, provides a focused outlet for high-quality, peer-reviewed research on economic topics related to wine. Although wine economics papers have been, and will continue to be, published in leading general and agricultural economics journals, the number of high-quality papers has grown to such an extent that a specialized journal can provide a useful platform for the exchange of ideas and results. The JWE is open to any area related to the economic aspects of wine, viticulture, and oenology. It covers a wide array of topics, including, but not limited to: production, winery activities, marketing, consumption, as well as macroeconomic and legal topics. The JWE has been published twice a year and contains main papers, short papers, notes and comments, reviews of books, films and wine events, as well as conference announcements. From 2013 on, the JWE has been published three times per year. The Journal of Wine Economics is fully owned by the American Association of Wine Economists (AAWE) and, since 2012, has been published by Cambridge University Press.
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