Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7419062 | International Journal of Hospitality Management | 2018 | 8 Pages |
Abstract
The growing phenomenon of the sharing economy facilitates collaborative production and consumption, which highlights the concept of value co-creation. The current study aims to investigate the role of value co-creation in a sharing economy with an examination of consumers' willingness to pay a premium price. Three types of functional, social, and emotional co-created values were explored through an online survey that focused on the pre-consumption, mid-consumption, and post-consumption stages. Four hundred and ninety-nine valid surveys were collected. The results showed that activities that involve functional and social values in the pre-consumption stage are stimulators of paying a premium price. In the mid-consumption stage, emotional value is also important for customers. However, in the post-consumption stage, only social-value-based activities are associated with willingness to pay a premium price.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Tingting Christina Zhang, Melissa Farboudi Jahromi, Murat Kizildag,