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Media exposures can have effects that do not always lead to the immediate purchase of a brand. Some media are effective at initiating search and trial, while others are more effective at promoting purchase once search and trial have taken place. The idea of intermediate communication effects...
Persistent link: https://www.econbiz.de/10012709395
The idea of hierarchical, sequential, or intermediate effects has long been posited in textbooks and academic literature. Hierarchical effects occur when relationships among variables are mediated through other variables. Despite the attractive theoretical properties of these models, their...
Persistent link: https://www.econbiz.de/10014217726
The nature of the effect of media advertising on brand choice is investigated in two product categories in analyses that combine household scanner panel data with media exposure information. Alternative model specifications are tested in which advertising is assumed to directly affect brand...
Persistent link: https://www.econbiz.de/10012717181
The impact of advertising on the association between consumer needs, attributes and brands is investigated using a hierarchical network model. Needs are operationalized as motivating wants that describe the current state of an individual, different from the desired state for which the attributes...
Persistent link: https://www.econbiz.de/10014026506
Continuous models of respondent heterogeneity assume the existence of a response function where variables of interest are continuously related to explanatory variables. In many situations this assumption may not be true. In this paper we propose an approach of modeling respondent heterogeneity...
Persistent link: https://www.econbiz.de/10014197345
Two Bayesian optimal design criteria for hierarchical linear models are discussed - the psi_beta criterion for the estimation of individual-level parameters beta, and the psi_theta criterion for the estimation of hyper-parameters theta. While the psi_beta criterion involves only the...
Persistent link: https://www.econbiz.de/10014197346
Brand preferences and marketplace demand are a reflection of the importance of underlying needs of consumers and the efficacy of product attributes for delivering value. Dog owners, for example, may look to dog foods to provide specific benefits for their pets (e.g., shiny coats) that may not be...
Persistent link: https://www.econbiz.de/10014197347
A choice model based on direct utility maximization subject to an arbitrary number of constraints is developed and applied to conjoint data. The model can accommodate oth corner and interior solutions, and provides insights into the proportion of respondents bound by each constraint. Application...
Persistent link: https://www.econbiz.de/10014207868
The use of adaptive designs in conjoint analysis has been shown to lead to an endogeneity bias in part-worth estimates using sampling experiments. In this paper, we re-examine the endogeneity issue in light of the likelihood principle. The likelihood principle asserts that all relevant...
Persistent link: https://www.econbiz.de/10012732951
Economies of scope in direct utility models exist when consumers encounter costs and inconvenience in purchase and consumption. Travel time, product acquisition, training, expertise, and skills are examples of factors that impact the ability of consumers to derive utility from offerings beyond...
Persistent link: https://www.econbiz.de/10012971147