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The impact of scarcity cues on purchase likelihood of art-infused products

Mansi Gupta, Gopal Das, Felix Septianto and Henrik Hagtvedt
Journal Name
Journal of the Academy of Marketing Science
Journal Publication
Financial Times 50
others
Publication Year
2024
Journal Publications Functional Area
Marketing
Publication Date
Vol. 52, March 2024, Pg. 470-488
Abstract

Scarcity cues are increasingly being employed as marketing tactics. However, it remains unclear whether and how supply-led and demand-led scarcity cues differentially affect purchase decisions for art-infused products. Building on the literatures of scarcity and the art infusion effect, the present research shows that supply-led scarcity cues enhance consumers’ likelihood of purchasing art-infused products, while demand-led scarcity cues work better for their non-art counterparts. Perceived prestige and perceived risk, respectively, underlie these effects. Further, regulatory focus and social visibility moderate the effects. The empirical investigation comprises eight studies—in field, lab, and online settings. The findings of this research extend theoretical insights in the literature on scarcity and the art infusion effect and provide relevant managerial implications.

The impact of scarcity cues on purchase likelihood of art-infused products

Author(s) Name: Mansi Gupta, Gopal Das, Felix Septianto and Henrik Hagtvedt
Journal Name: Journal of the Academy of Marketing Science
Volume: Vol. 52, March 2024, Pg. 470-488
Year of Publication: 2024
Abstract:

Scarcity cues are increasingly being employed as marketing tactics. However, it remains unclear whether and how supply-led and demand-led scarcity cues differentially affect purchase decisions for art-infused products. Building on the literatures of scarcity and the art infusion effect, the present research shows that supply-led scarcity cues enhance consumers’ likelihood of purchasing art-infused products, while demand-led scarcity cues work better for their non-art counterparts. Perceived prestige and perceived risk, respectively, underlie these effects. Further, regulatory focus and social visibility moderate the effects. The empirical investigation comprises eight studies—in field, lab, and online settings. The findings of this research extend theoretical insights in the literature on scarcity and the art infusion effect and provide relevant managerial implications.