KOREASCHOLAR

Many measurement methods for understanding consumers’ acceptable price range have been developed. Among these, Price Sensitivity Meter (PSM) is one of the most popular. It has been regarded as a convenient research method because of the ease of data collection and data processing. In particular, PSM requires only four questions to determine the price range. Nevertheless, it also has some problems from a theoretical viewpoint. The purpose of the present research is to develop a new price research method for measuring consumers’ acceptable price range. In particular, applying survival analysis to data prepared for PSM, Japanese consumers’ price acceptance ranges for several categories were estimated.

• Yoshiyuki Okuse(Senshu University)