The Correspondence between the Price and Quality of Consumer Products in 10 Countries: Preliminary Results

This study investigates the relationship between the price and quality of consumer products in 10 countries. The study first focuses on the strength of the price-quality relationship for durable and nondurable products individually within each country and then compares the price-quality correlations across countries. A second focus of the study is to explain the variability in the price-quality conditions by using an ANOVA model with price variability and price level as two independent variables.