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groups of consumers. For both researchers and practitioners, consumer knowledge is a critical factor in creating competitive … success over time. But there is a gap in the knowledge management literature, which has recognized the importance of the … customer as a source of knowledge, but has not recognized the importance of a group of consumers as well. Scholars, in fact …
Persistent link: https://www.econbiz.de/10014177604
show that participants with low financial literacy generally try to compensate for their low decision-specific knowledge … low knowledge base in finance can translate into low engagement in information search which might further increase the …
Persistent link: https://www.econbiz.de/10011514485
The purpose of this study was to propose a research model by utilizing the consumer usage knowledge and purchasing … obtain professional knowledge for purchasing process, which could facilitate purchase convenience and then increase purchase … intention for consumer. Therefore, the consumer usage knowledge was utilized as theoretical basis in this study, and purchasing …
Persistent link: https://www.econbiz.de/10011899881
The authors propose that attempts to increase consumers' objective knowledge (OK) regarding financial instruments can … deter willingness to invest when such attempts diminish consumers' subjective knowledge (SK). In four studies, the authors …
Persistent link: https://www.econbiz.de/10013013160
Persistent link: https://www.econbiz.de/10011720976
I present a game-theoretic model where economic competition and attention competition are interdependent. On the one hand the effort to attract consumer attention depends on the value of attention to the firm which depends on the grade of price competition among all perceived firms. On the other...
Persistent link: https://www.econbiz.de/10010316856
This paper presents an empirical examination of oligopoly pricing and consumer search. The theoretical model allows for sequential and non-sequential search and, using the theoretical restrictions firm and consumer behavior impose on the data, we study the empirical validity of the models. Two...
Persistent link: https://www.econbiz.de/10010261272
This paper shows how sustainable consumption patterns can spread within a population via processes of social learning even though a strong individual learning bias may favor environmentally harmful products. We present a model depicting how the biased transmission of different behaviors via...
Persistent link: https://www.econbiz.de/10010266737
), would neglect a major force driving this change, i.e. the variation of consumer wants and consumer knowledge. The present …
Persistent link: https://www.econbiz.de/10010266740
It has been argued that cognitively constrained consumers respond sub-optimally to complex decision problems, and that firms can exploit these limitations by introducing spurious complexity into tariff structures, weakening price competition. We model a countervailing force. Restricting one's...
Persistent link: https://www.econbiz.de/10010271191