Macro-economic determinants of consumer price knowledge: A meta-analysis of four decades of research

By H. Estelami, Donald R. Lehmann, Alfred C. Holden. 2001

179 citations recorded by the source corpus.

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How Business Cycles Contribute to Private-Label Success: Evidence from the United States and Europe (2007, background): “Moreover, manufacturers are loath to reduce prices in a recession (Backus and Kehoe 1992; Deleersnyder et al. 2004), even though price sensitivity is higher at such a time (Estelami, Lehmann, and Holden 2001).”
The Impact of Brand Quality on Shareholder Wealth (2011, unknown): “This is because, during downturns, consumers become more price conscious (e.g., Estelami, Lehmann, and Holden 2001) and are likely to cut down on the purchase quantities of high quality brands.”
Weathering Tight Economic Times: The Sales Evolution of Consumer Durables Over the Business Cycle (2003, background): “Similarly, the ability to purchase durables may also be reduced by the empirical observation that prices often rise during recessions (Chevalier and Scharfstein, 1996; Taylor, 1999), while Estelami, Lehmann, and Holden (2001) established empirically that consumer price consciousness increases duri”
The Effect of Business-Cycle Fluctuations on Private-Label Share: What has Marketing Conduct Got to do with it? (2012, background): “Zhang (2006) further shows that consumers who are more involved in evaluating price and promotional information (as is the case during an economic contraction (Estelami et al. 2001)), strongly react to a TPR, but are less affected by display and feature ads.”