Moderators of the Denomination Effect: Role of Hedonic Versus Utilitarian Consumption and Denomination Matching
The denomination effect suggests that individuals are less likely to spend when money is in the form of a single large denomination (e.g., a $10 bill) relative to many smaller denominations (e.g., ten $1 bills). This research examines whether hedonic versus utilitarian considerations and denomination matching moderate the denomination effect.
Joydeep Srivastava and Yuqian Chang (2018) ,"Moderators of the Denomination Effect: Role of Hedonic Versus Utilitarian Consumption and Denomination Matching", in E - European Advances in Consumer Research Volume 11, eds. Maggie Geuens, Mario Pandelaere, and Michel Tuan Pham, Iris Vermeir, Duluth, MN : Association for Consumer Research, Pages: 24-28.
Joydeep Srivastava, Temple University, USA
Yuqian Chang, Temple University, USA
E - European Advances in Consumer Research Volume 11 | 2018
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