“…Reflecting the importance of price promotions for firms, there is burgeoning research that addresses the effect of price promotions on brand evaluations (e.g., DelVecchio, Henard, and Freling 2006), repeat purchase (e.g., Ailawadi, Lehmann, and Neslin 2001), brand loyalty (e.g., Balachander, Ghosh, and Axel 2010), variety seeking (e.g., Lin and Lin 2009), and purchase amount (e.g., Manning and Sprott 2007). The central premise of these research studies is that price discounts have an effect on consumers who are concerned with only the economic value of the money saved.…”