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The Intergenerational Transmission of Automobile Brand Preferences : Empirical Evidence and Implications for Firm Strategy
Anderson, Soren T. - 2013
We document a strong correlation in the brand of automobile chosen by parents and their adult children, using data from the Panel Study of Income Dynamics. This correlation could represent transmission of brand preferences across generations, or it could result from correlation in family...
Persistent link: https://www.econbiz.de/10013074296
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The Evolution of Brand Preferences : Evidence from Consumer Migration
Bronnenberg, Bart J. - 2010
We study the long-run evolution of brand preferences, using new data on consumers' life histories and purchases of consumer packaged goods. Variation in where consumers have lived in the past allows us to isolate the causal effect of past experiences on current purchases, holding constant...
Persistent link: https://www.econbiz.de/10013139281
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Brand Loyalty, Generic Entry and Price Competition in Pharmaceuticals in the Quarter Century after the 1984 Waxman-Hatch Legislation
Berndt, Ernst R. - 2014
The landmark Waxman-Hatch Act of 1984 represented a "grand compromise" legislation that sought to balance incentives for innovation by establishing finite periods of market exclusivity yet simultaneously providing access to lower cost generics expeditiously following patent expiration. Here we...
Persistent link: https://www.econbiz.de/10013069176
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Conspicuous Consumption and Race
Charles, Kerwin Kofi - 2010
differences, we emphasize instead a model of status seeking in which conspicuous consumption is used to reflect a household … conspicuous consumption in explaining lower spending by racial minorities on items likes health and education, as well as their …
Persistent link: https://www.econbiz.de/10012759843
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Market Structure, Reputation, and the Value of Quality Certification
Elfenbein, Daniel W. - 2014
Quality certification programs help consumers to identify high-quality products or sellers in markets with information asymmetries. Using data from eBay UK's online marketplace, we study how certification's impact on consumer demand varies with market- and seller-level attributes, exploiting...
Persistent link: https://www.econbiz.de/10013054867
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Fair Pricing
Rotemberg, Julio J. - 2021
I suppose that consumers see a firm as fair if they cannot reject the hypothesis that the firm is somewhat benevolent towards them. Consumers that can reject this hypothesis become angry, which is costly to the firm. I show that firms that wish to avoid this anger will keep their prices rigid...
Persistent link: https://www.econbiz.de/10013230827
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The Limits of Reputation in Platform Markets : An Empirical Analysis and Field Experiment
Nosko, Chris - 2015
We argue that reputation mechanisms used by platform markets suffer from two problems. First, buyers may draw conclusions about the quality of the platform from single transactions, causing a reputational externality across sellers. Second, for a variety of reasons we discuss, reputations will...
Persistent link: https://www.econbiz.de/10013030621
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Executives' "Off-the-Job" Behavior, Corporate Culture, and Financial Reporting Risk
Davidson, Robert H. - 2012
We examine how executives' behavior outside the workplace, as measured by their ownership of luxury goods (low …
Persistent link: https://www.econbiz.de/10013107519
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Status Goods : Experimental Evidence from Platinum Credit Cards
Bursztyn, Leonardo - 2017
This paper provides novel field-experimental evidence on status goods. We work with an Indonesian bank that markets platinum credit cards to high-income customers. In a first experiment, we show that demand for the platinum card greatly exceeds demand for a nondescript control product with...
Persistent link: https://www.econbiz.de/10012955954
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Conspicuous Consumption, Pure Profits, and the Luxury Tax
Hodrick, Laurie Simon; Bernheim, B. Douglas - 2021
We examine a model of conspicuous consumption and explore the nature of competition in markets for conspicuous goods … cost), as well as 'luxury" brands (which are sold at a price above marginal cost, despite the fact that producers are … perfectly competitive). Luxury brands are not intrinsically superior to budget brands but are purchased by consumers who seek to …
Persistent link: https://www.econbiz.de/10013227510