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This paper presents a method for visualizing competitive market structures based on scanner panel date where asymmetries are taken into account. For this, I combined consumer choice models based on mixed logit models with three-mode principal component analysis. This approach can be used to...
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perspective on how brands are distinct in consumer perceptions. Brand distinctiveness is usually portrayed on a map where brands … study found that the conventional mapping and clustering techniques failed to depict coherent brand proximity from its data … insights as brand-building feedback, and as a source of co-branding ideas to take advantage of the ways consumers organize …
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I study a market model in which profit-maximizing firms compete in multi-dimensional pricing strategies over a consumer, who is limited in his ability to grasp such complicated objects and therefore uses a sampling procedure to evaluate them. Firms respond to increased competition with an...
Persistent link: https://www.econbiz.de/10011703032
A market model is presented, in which firms and consumers differ in their market understanding. In the model, rational firms compete in probability distributions over consumers with bounded ability to grasp statistical data. Increased competition causes firms to increase their effort to...
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We compare how bilaterally-cleared (OTC) and centrally-cleared derivatives markets react to an initial bankruptcy. We show these network structures exhibit economically different price impact, contagion, and volatility. In OTC markets, a large bankruptcy may prevent another counterparty from...
Persistent link: https://www.econbiz.de/10013070196