A conceptual model is developed that describes the relationships among consumer values, utility, and ownership of durables. These relationships are tested empirically using data on a variety of discretionary durables collected from a sample of 735 adults. Results support the model structure and suggest that augmenting the List of Values (Kahle 1983) with a measure of materialism improves prediction of value-related consumer behavior.
Corfman, Kim, Donald Lehmann, and Sunder Narayanan. "Values, Utility, and Ownership: Modeling the Relationships for Consumer Durables." Journal of Retailing 67, no. 2 (Summer 1991): 184-204.
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