Biswas, A. (1993). The Effects of Price Promotion on Perceived Quality and Value: An Integrative Review. Journal of Marketing Theory and Practice, 1, 1-17.

has been cited by the following article:

• TITLE: Price as а Communication Signal: Theoretical Dependencies between Price and Perceived Quality

  AUTHORS: Marina Todorova

  KEYWORDS: Price, Perceived Quality, Price Signals, Price-Quality Relationship, Perceived Value

  JOURNAL NAME: Open Journal of Business and Management, Vol.14 No.1, January 22, 2026

  ABSTRACT: The article examines price as a communication signal and analyzes the theoretical relationships between price and perceived quality in the context of modern consumer behavior. It is based on the understanding that price is not only an instrument of pricing policy, but also a symbolic and psychological code through which consumers interpret product value. Drawing on key theoretical and empirical studies, the article systematizes the main stages in the development of the concept “high price = high quality”, tracing the role of information asymmetry, signaling theory, price thresholds, and models of perceived value. The theoretical synthesis demonstrates that the price-quality relationship is stable but not universal: it has a positive and statistically significant, yet moderate effect and is most pronounced under conditions of uncertainty and limited information. Overall, the findings highlight price as a key communication element in shaping consumers’ perceptions of value.