How We Pay Influences Post-Transaction Connection--论文代写范文精选

  当你开始支付时，,你的支付方式，如现金、信用卡或借记卡，改变你买的产品或品牌承诺，从一个消费者研究和消费者福利的角度来看,增加使用非现金支付，品牌忠诚度和产品保持下降。下面的essay代写范文进行详述。

Abstract
  Can the way that individuals choose to pay influence the amount of connection they experience after the purchase has occurred?  Across three studies employing a multi-method approach, we find that individuals who pay using a relatively more painful form of payment (e.g., cash or check) increase their post-transaction connection in comparison to those who pay by less painful forms of payment (e.g., debit or credit card). More specifically, individuals who pay using more painful forms of payment value and increase their emotional attachment to a product, decrease their commitment to non-chosen alternatives, are more likely to publicly signal their commitment, and increase their loyalty and likelihood to make a repeat transaction in comparison to those who pay by less painful forms of payment. Moreover, the psychological pain of payment influences post-transaction connection even when the objective monetary cost remains constant and when the psychological cost is indirectly experienced (i.e., donating someone else’s money).  Overall, paying with more painful forms of payment may have beneficial consequences increasing downstream product and brand connection. 
Keywords: subjective value of money, pain of paying, commitment, economic psychology

  When you reach into your pocket to pay for something, does the way you pay (e.g., whether by cash, credit card, or debit card) change how much you value the product that you buy or how committed you feel to the brand? From a consumer research, managerial, and consumer welfare perspective, this question is at the junction of two fundamental shifts in consumer culture—first, the increasing use of non-cash for payment transactions; and second, declining brand loyalty and product retention. In this paper, we ask whether the type of payment used to make a purchase can influence the amount of connection individuals experience after the purchase has occurred, subsequently increasing how much they value their purchase and their brand/organizational commitment.

  According to the 2010 United States Survey of Consumer Payment Choice (Foster, Schuh, and Zhang 2013), debit cards and cash accounted for the two largest shares of consumer payment (31.1% and 28.6%, respectively). In 1999, paper payments (i.e., cash and checks) accounted for nearly 60% of in-store payments. By 2010, that number shrank to a little over 40%, as plastic cards (i.e., debit, credit, and gift cards) became the preferred form of payment for a majority of in-store payments (Foster, Schuh, and Zhang 2013). The trend away from paper seems to be furthering, with mobile and online transactions also gaining momentum. 

  At the same time, on the firm side, product life cycles have shortened dramatically, a trend that will continue due to rapidly changing technological innovation (Bayus 1994, 1998; Khessina and Carroll 2008; Klepper 2006). Consumers have many brands and products to choose between in any given product category. Consequently, it is not shocking that the product turnover rate has increased and brand loyalty has decreased over the last thirty years (Van Belleghem 2013). This ‘out with the old, in with the new’ mentality has led to a more competitive marketplace, giving nascent brands an opportunity to succeed, but also making brand commitment and loyalty much harder to come by. In this paper, we examine whether using more painful forms of payment increase post-transaction connection. For instance, does paying by cash or check in comparison to paying by a debit/credit card increase how much the consumer will value her purchase or increase the likelihood to publicly support her commitment to a cause? Alternatively, imagine an individual who donates to charity using a less painful form of payment. Will this consumer be less likely to make a repeat donation in the following year, in comparison to if she had made the initial donation using a more painful form of payment? 

  Economically, choosing to pay by cash or pay by debit card often may be identical for the customer. However, recent research has demonstrated that parting with money is not only an economic activity. Consumers experience psychological pain in paying for goods that goes above and beyond the economic cost (Prelec and Loewenstein 1998), and different forms of money can evoke more or less pain (Soman 2001; Prelec and Simester 2001). More specifically, paying by cash, a psychologically more proximal form of money, is associated with more pain of payment than paying by debit card, a more psychologically distant form of money (Raghubir and Srivastava 2008; Soman 2001, 2003). 

  Previous literature on the effects of payment mode suggests that consumers will have a higher willingness to pay prior to purchase and will spend more at the time of purchase when they use a more distant form of payment (Feinberg 1986; Hirschman 1979; Raghubir and Srivastava 2008). In addition, Chatterjee and Rose (2012) find that people evaluate products more favorably and have greater recall of positive attributes when they are primed with a more psychologically distant form of payment. While past research has demonstrated that attenuating the pain of payment can increase spending, purchasing, and positive evaluations during the consumer deliberation and purchase process, this research remains largely silent on the important question of implications for post-purchase outcomes. Is there a potential downside in the long run if individuals spend with a more psychologically distant form of payment? We argue there is such a downside; specifically, increasing the pain of payment can actually have beneficial effects post-transaction.

  Research in psychology and consumer behavior has long held that experiencing more objective pain increases value and commitment. People who experience physical or emotional pain to obtain a particular goal or outcome tend to justify the pain they experienced by valuing the outcome more (Gross 1998). Classic work in dissonance (e.g. Festinger 1957, 1969) and self-perception theory (e.g., Bem 1967) demonstrates the positive relationship between objective pain and commitment. Individuals who undergo more painful and severe initiations to join a group or who exert more effort to obtain a product increase how much they value the group and how favorably they rate the product (Aronson and Mills 1959; Cardozo 1965; Norton, Mochon and Ariely 2012). Thus, although past research has demonstrated how value and commitment are influenced by objective costs it remains unclear whether the subjective pain of payment can influence how connected consumers are to their products or brands after the transaction has occurred.  （essay代写)

  The main hypothesis of this article is that more psychologically painful forms of payment will increase post-transaction value and commitment for chosen alternatives. Even when the objective cost remains constant, we argue that when individuals pay using a more painful method of payment, they compensate for and justify the psychological pain they experience by showing more commitment to their chosen alternatives, both psychologically and behaviorally. As a result, consumers will imbue their chosen alternative with more value, feel more committed to their chosen alternative, and feel less committed to their non-chosen alternative. We also argue that the pain of payment is driving the effect of payment form on post-transaction connection, such that increasing the pain associated with paying increases product value and commitment over time. This article contributes to both the pain of payment and commitment literatures by finding that psychological pain, via the pain of paying, can affect downstream value and commitment, even when the objective cost remains constant and the psychological pain is not directly tied to the individual (i.e., donating someone else’s money). （essay代写) 

  51Due网站原创范文除特殊说明外一切图文著作权归51Due所有；未经51Due官方授权谢绝任何用途转载或刊发于媒体。如发生侵犯著作权现象，51Due保留一切法律追诉权。
  更多essay代写范文欢迎访问我们主页 www.51due.com 当然有essay代写需求可以和我们24小时在线客服 QQ:800020041 联系交流。-X（essay代写)