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This article introduces a multinomial logit model that uses ancillary information to control for uncertainty in both the observed choices made by respondents, and in the attributes of a respondent's choice set. Simulated data are used to compare the performance of this estimator versus simpler...
Persistent link: https://www.econbiz.de/10014061155
This article introduces a multinomial logit model that uses ancillary information to control for uncertainty in both the observed choices made by respondents, and in the attributes of a respondent's choice set. Simulated data are used to compare the performance of this estimator versus simpler...
Persistent link: https://www.econbiz.de/10014348989
This paper examines the effects of brand credibility, a central concept in information economics-based approaches to … brand effects and brand equity, on consumer choice and choice set formation. We investigate the mechanisms through which … a brand as a signal is defined as the believability of the product position information contained in a brand, which …
Persistent link: https://www.econbiz.de/10014026337
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