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We solve for an S-shaped schedule for market size for a new product that undergoes gradual widespread adoption. We hypothesize that the speed of market expansion is positively related to the current profit per unit being produced. In a mature market the unit profit is relatively low.
Persistent link: https://www.econbiz.de/10009382078
Prior research on the impact of consumer innovativeness on new product purchase intentions experienced confusion about the definition of innovativeness and the interest in a specific domain. To fill the gaps, this study builds a new model to examine the multivariate effects of different...
Persistent link: https://www.econbiz.de/10012622477
We propose a dynamic structural model that illuminates the economic mechanisms shaping individual behavior and outcomes on crowdsourced ideation platforms. We estimate the model using a rich data set obtained from IdeaStorm.com, a crowdsourced ideation initiative affiliated with Dell. We find...
Persistent link: https://www.econbiz.de/10014174825
Marketing is attributed to be the dominant factor for the failure of the successful commercialization of a new product development. However, its funding aspects and the relation with engineering-related efforts such as the technical development and manufacturing is less studied. This report...
Persistent link: https://www.econbiz.de/10012711027
new product development process, which is in line with the nature of the innovation process. But the emphasis on internal …
Persistent link: https://www.econbiz.de/10008691699
is entrenched with their innovation. As a direct result, consumers tend to undervalue and developers tend to overvalue … such an innovation relative to the existing option. This is the "curse of innovation" and it systematically increases the …
Persistent link: https://www.econbiz.de/10014063097
areas, which are less known in the tourism market. By mixing the phenomena of tourism – economy – innovation – social …
Persistent link: https://www.econbiz.de/10014095586
Persistent link: https://www.econbiz.de/10013457378
This paper integrates findings from marketing and finance literature to increase our understanding of consumers' decisions to purchase innovative investment products. Two surveys of individual investors examine the psychological and sociological drivers of dispositional innovativeness and its...
Persistent link: https://www.econbiz.de/10013069373
How do product innovation messages delay purchase intentions? Few studies offer answers to this question. Building on … among product innovation contents (i.e., performance advancements and price drops), reference time points (i.e., in the past … innovation messages. It also sheds light on how marketers must strategically manage the messages about innovation outcomes. …
Persistent link: https://www.econbiz.de/10012591352