Nearly every decision a person makes is restricted in some way. While we are painfully aware of some of these restrictions, others go largely undetected. This paper presents a conceptual framework for understanding how restrictions interact with situational and individual characteristics, as...

Consumers often encounter reminders of resource scarcity. However, relatively little is known about the psychological processes that such reminders instantiate. In this article, we posit that reminders of resource scarcity activate a competitive orientation, which guides consumers’ decision...

Although many individuals endorse prosocial causes, little is understood about the factors that determine when people's desire to consume in ways that benefit society as a whole will exceed their desire to accrue direct benefits to the self. We address this question by testing how reminders of...

Academics have shown a growing interest in the effects of resource scarcity — a discrepancy between one's current resource levels and a higher, more desirable reference point. However, the existing literature lacks an overarching theory to explain the breadth of findings across different types...

Loss aversion, a fundamental aspect of consumer behavior and marketing, has traditionally been regarded as a constant and relatively stable trait across individuals. However, recent research utilizing field surveys has demonstrated the heterogeneous nature of loss aversion. Our study advances...

Internet recommender systems are popular in contexts that include heterogeneous consumers and numerous products. In such contexts, product features that adequately describe all the products are often not readily available. Content-based systems therefore rely on user-generated content such as...

In the age of connected customers, organizations are increasingly devoted to social and group marketing. In doing so, firms need to consider not only interactions with customers but also interactions among customers. Such interactions among customers are dynamic in nature and thus create a...

We model the multifaceted impact of pricing decisions in B2B contexts and show how a seller can develop optimal inter-temporal targeted pricing strategies to maximize long-term customer value. We empirically model the B2B customer's purchase decisions in an integrated fashion. In order to...