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We estimate the effect of information on consumers' willingness to pay for branded goods in physically homogeneous consumer packaged goods categories. In a case study of headache remedies, we find that college education, working in a healthcare occupation, and other proxies for product knowledge...
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suggest that misinformation and related consumer mistakes explain a sizable share of the brand premium for health products …
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suggest that misinformation and related consumer mistakes explain a sizable share of the brand premium for health products …
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; cigarette brands do exhibit comparatively high loyalty metrics in the context of other consumer categories, with 12-month brand … the brand penetration-brand loyalty correlation is only around 0.30 on average; While buyers indeed exhibit high loyalty … a given brand are on average more likely to purchase another large cigarette brand than another small brand; several …
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