Value-based segmentation of luxury consumption behavior

Research output: Contribution to journalArticleResearchpeer review

Authors

  • Klaus Peter Wiedmann
  • Nadine Hennigs
  • Astrid Siebels
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Details

Original languageEnglish
Pages (from-to)625-651
Number of pages27
JournalPsychology and Marketing
Volume26
Issue number7
Publication statusPublished - 9 Jun 2009

Abstract

Following a broader perspective in exploring customer perceptions of and motives for purchasing luxury brands, it is not sufficient to explain the whole picture of luxury consumption in terms of socially oriented consumer motives and the desire to impress others. The main contribution here is to explore a multidimensional framework of luxury value as a general basis for identifying value-based consumer segments. The empirical results can be seen as a first step toward a better understanding of consumers' luxury value perceptions as based on social, individual, functional, and financial aspects.

ASJC Scopus subject areas

Cite this

Value-based segmentation of luxury consumption behavior. / Wiedmann, Klaus Peter; Hennigs, Nadine; Siebels, Astrid.
In: Psychology and Marketing, Vol. 26, No. 7, 09.06.2009, p. 625-651.

Research output: Contribution to journalArticleResearchpeer review

Wiedmann, KP, Hennigs, N & Siebels, A 2009, 'Value-based segmentation of luxury consumption behavior', Psychology and Marketing, vol. 26, no. 7, pp. 625-651. https://doi.org/10.1002/mar.20292
Wiedmann KP, Hennigs N, Siebels A. Value-based segmentation of luxury consumption behavior. Psychology and Marketing. 2009 Jun 9;26(7):625-651. doi: 10.1002/mar.20292
Wiedmann, Klaus Peter ; Hennigs, Nadine ; Siebels, Astrid. / Value-based segmentation of luxury consumption behavior. In: Psychology and Marketing. 2009 ; Vol. 26, No. 7. pp. 625-651.
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