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Purpose To explore the characteristics of Art Workers in Colombia, expressed in terms of lifestyles and consumption … social identity. The sample was intentional and represented 160 people, 80 of them corresponding to the Art Workers category … and the other 80 to the Non-Art Workers category (mirror sample). Findings It is observed that Art Workers in Colombia …
Persistent link: https://www.econbiz.de/10013254596
We develop a 'basic principles' model which accounts for the primary life cycle consumption of films as a social coordination problem in which information transmission is governed by word of mouth. We fit the analytical solution of such a model to aggregated consumption data from the film...
Persistent link: https://www.econbiz.de/10014054894
We study how experts influence consumer behavior and welfare by focusing on the Booker Prize. Leveraging the discontinuity created by the attribution of the prize, we show that readers receive the signal sent by the jury of the Booker and are persuaded to buy the awarded book but experience...
Persistent link: https://www.econbiz.de/10015051678
implications for culture-led welfare policies. …
Persistent link: https://www.econbiz.de/10012624956
implications for culture-led welfare policies …
Persistent link: https://www.econbiz.de/10013324554
Persistent link: https://www.econbiz.de/10010344382
Persistent link: https://www.econbiz.de/10003338128
Consumers commonly seek information from critic and consumer reviews when new product quality remains uncertain. However, consumer reviews are endogenous and may be subject to potential biases (e.g., self-selection). In this paper, we propose a new dynamic structural model where forward-looking...
Persistent link: https://www.econbiz.de/10012903623
In recent years there has been a growing stream of literature in marketing and economics that models consumers as Bayesian learners. Such learning behavior is often embedded within a discrete choice framework which is then calibrated on scanner panel data. At the same time it is now accepted...
Persistent link: https://www.econbiz.de/10009316147
A consumer's decision to engage in search depends on the beliefs the consumer has about an unknown product characteristic such as price. Given beliefs are rarely observed, researchers typically assume that consumers have rational expectations or update beliefs consistent with Bayesian updating....
Persistent link: https://www.econbiz.de/10014112299