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describes the concurrent evolution of the unit sales and price of durable goods. The theory is based on the idea that the sales … market penetration. The theory suggests that the imitation rate B indicating social contagion in the Bass model has its …
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A dynamic microeconomic model is presented that establishes the price and unit sales evolution of heterogeneous goods consisting of successive homogenous product generations. It suggests that for a fast growing supply the mean price of the generations are governed by a logistic decline towards a...
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