Abstract
In a controlled experiment, use of the 99 rather than the 00 price ending (e.g., using $49.99 rather than $50.00) affects the impression created by a price advertisement. The 99 ending increases the likelihood that viewers judge an advertised price as relatively low and as representing a discount. However, in addition to these price-image effects, the 99 ending has negative effects on quality image in the ads sponsored by higher quality retailers. These results suggest that the choice of rightmost digits is an important executional variable in price advertising.
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