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A new breed of digital e-commerce platforms has emerged, challenging the dominance of e-commerce giants like Alibaba and Amazon. Social e-commerce platforms – led by Shopify, BigCommerce, PinDuoDuo, and SEA Ltd. – have managed to gain a global foothold by introducing an improved business...
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This paper presents a framework for organizing and discussing factors influencing consumer choice dynamics, how these factors may be incorporated into models of buyer behavior and problems that may arise in estimating such models. The paper identifies research issues and delineates possible...
Persistent link: https://www.econbiz.de/10013054994
Marketing products globally is challenging due to the diverse nature of markets. We use market heterogeneity, unbranded competition, resource and infrastructure availability, and sociopolitical governance as country-market characteristics that distinguish between developed and emerging...
Persistent link: https://www.econbiz.de/10013040392
The authors discuss some shortcomings of probabilistic choice models which do not capture product interdependencies. When substitutional relationships are present in the marketplace, these models may lead to biased estimates for choice/market shares. A probabilistic choice model which accounts...
Persistent link: https://www.econbiz.de/10014146196