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In this paper household level data are used to explore whether unemployment risk is an important factor in the timing … household debt play a direct role, offering a potential explanation for fluctuations in durable goods spending over the business …
Persistent link: https://www.econbiz.de/10014202887
Music is typical experience good and the formats in which music is available; for example, CDs and cassettes or downloaded files are durable in nature. Using these two typical characteristics of the 'music product', in this paper, we develop an analytical framework to study the economic...
Persistent link: https://www.econbiz.de/10014217426
Temporary price promotions, or sales, are common in many markets. Using retail scanner data, I find that manufacturers, not retailers, control the timing of sales, while retailers exercise some control over the magnitude of the price decrease. I also find that observed sale policy is more...
Persistent link: https://www.econbiz.de/10014235571
discretionary replacements of working units. Third, we empirically explore additional unit purchases at a household level for the … replacements. We show the strength of this effect varies between products and household types. Overall, our results indicate that … evidence of strong asymmetric effects of household characteristics between forced and discretionary purchases. For example …
Persistent link: https://www.econbiz.de/10014047455
Many durable products provide value only when used together with contingent services or consumable components, e.g. light fixtures (bulbs), printers (ink), electronics (batteries). Consumers need only have access to the contingent consumable components to continue to derive service from a...
Persistent link: https://www.econbiz.de/10014040346
Purpose – An uncertain product demand in online retailing leads to loss of opportunity cost and customer dissatisfaction due to instances of product unavailability. On the other hand, when e-retailers store excessive inventory of durable goods to fulfil uncertain demand, it results in...
Persistent link: https://www.econbiz.de/10014091963
This chapter presents a selective review of a literature in marketing that analyzes diffusion and pricing over the product life-cycle. I primarily focus on empirical work, and on papers that deal with the dynamics of pricing over time. I discuss how recent empirical work has linked outcomes to...
Persistent link: https://www.econbiz.de/10014023353
The paper develops a modeling framework to study how sustainability interventions impact consumer adoption of durable goods innovation, firm profit and environmental outcomes in equilibrium. Our two period model with forward looking consumers and a monopoly firm introducing an innovation in...
Persistent link: https://www.econbiz.de/10013294751
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Persistent link: https://www.econbiz.de/10014330205