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Persistent link: https://www.econbiz.de/10005302153
The increasing availability of customer-level data and the willingness of marketers to customize the timing of their offers to consumers makes the accurate segment-level description of household purchase timing decisions a compelling issue. In this paper we employ a finite mixture accelerated...
Persistent link: https://www.econbiz.de/10005247818
We show in this paper the formal connection between brand switching models and multiperiod analysis of brand choice behavior. A formal, well-defined stochastic process is developed from stochastic choice premises which permits analysis of any event or combination of events in terms of subsets of...
Persistent link: https://www.econbiz.de/10009218081
The paper that I authored and that was published in Management Science in 1969 (Bass 1969) has become widely known as the "Bass Model" (see Morrison and Raju 2004). The model of the diffusion of new products and technologies developed in the paper is one of the most widely applied models in...
Persistent link: https://www.econbiz.de/10009218443
The Hendry market structure and partitioning theory and methodology are explained and contrasted with a strictly empirical approach in this note.
Persistent link: https://www.econbiz.de/10009203941
Robinson and Lakhani (1975) initiated a long research stream in marketing when they used the Bass model (1969) to develop optimal pricing path for a new product. A careful analysis of the extant literature reveals that the research predominantly suggests that the optimal price path should be...
Persistent link: https://www.econbiz.de/10009204190
In an important study reviewing the literature on econometric studies of the relationship between advertising and sales Clarke (Clarke, Darral G. 1976. Econometric measurement of the duration of advertising effects on sales. J. Marketing Res. 13 (November) 345--357.) concluded that the implied...
Persistent link: https://www.econbiz.de/10009208614
(This article originally appeared in Management Science, January 1969, Volume 15, Number 5, pp. 215--227, published by The Institute of Management Sciences.) A growth model for the timing of initial purchase of new products is developed and tested empirically against data for eleven consumer...
Persistent link: https://www.econbiz.de/10009208778
Persistent link: https://www.econbiz.de/10005418553
The diffusion model developed by Bass (Bass, F. M. 1969. A new product growth model for consumer durables. (January) 215–227.) constitutes an empirical generalization. It represents a pattern or regularity that has been shown to repeat over many new products and services in many countries and...
Persistent link: https://www.econbiz.de/10009144076