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finding is that promotion has a strong effect on brand choice. This paper examines whether brand switching elasticities … analyses. First is a simulation based on synthetic data. We show that if the structural model is correct, brand switching … illustration of the Lucas Critique. Our overall conclusion is that reduced form model estimates of brand switching elasticities can …
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In this paper, we take a first step toward exploring empirically the product assortment strategies of oligopolistic firms. Our starting point is a discrete-choice demand model for differentiated products. We incorporate the demand model into an equilibrium supply model, in which firms compete by...
Persistent link: https://www.econbiz.de/10014047980
The Internet has dramatically reduced search costs for customers through tools such as shopbots. The conventional wisdom is that this reduction in search costs will increase price competition leading to a decline in prices and profits for online firms. In this paper, we provide an argument for...
Persistent link: https://www.econbiz.de/10014034498
retailer's decision whether to carry an additional national brand or a store brand, and if the retailer chooses to introduce … the latter, where in product space to locate the store brand. Store brands differ from other brands in being both … store brand in a given category. We control for other motivations for carrying a store brand that have been used in the …
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There is an ongoing debate over whether or not a trademark is “property,” and what the appropriate boundaries of such a property right might be. Some scholars assert that rules and justifications developed to handle rights in real property are generally a poor fit for intellectual property...
Persistent link: https://www.econbiz.de/10013091323
Brand pricing decision models and established theories in the marketing and econometrics focus typically on assuming … significance of pricing to customer store and brand choices are always regarded as a widely known truth among marketing scholars … optimistic cross-brand category level, cross-cultural level and cross-national level influences in pricing strategies …
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