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We develop and test an incentive-compatible Conjoint Poker (CP) game. The preference data collected in the context of this game are comparable to incentive-compatible choice-based conjoint (CBC) analysis data. We develop a statistical efficiency measure and an algorithm to construct efficient CP...
Persistent link: https://www.econbiz.de/10010630460
Persistent link: https://www.econbiz.de/10009150526
It has been argued that users can create innovations and also diffuse them peer-to-peer independent of support or involvement by producers: that “user-only” innovation systems can exist. It is known that users can be incented to innovate via benefits from in-house use. But users’...
Persistent link: https://www.econbiz.de/10011046490
Online innovation communities are often seen as a rich source of innovation that offers added value to its members. However, innovation in collaboration with communities may also create frustration and evoke angry reactions. This article with two combined studies investigates triggers of both...
Persistent link: https://www.econbiz.de/10011050119
Purpose – In every market there are non-consumers – potential customers that withstand an innovation. A common reason is that products targeted to early adopters or the mass market are over-engineered. Established companies usually neglect the laggards in a market. This offers growth...
Persistent link: https://www.econbiz.de/10014847169
Purpose – Stabilizing business in highly competitive and volatile business-to-business (B2B) markets is a strategic imperative for many companies. In such a context, customer retention through the creation of switching barriers (i.e. by increasing switching costs) is a common strategy. The...
Persistent link: https://www.econbiz.de/10014894590
Purpose This study aims to draw a more nuanced picture of the impact of co-creation experience shedding light on the moderating role of consumers’ personal features. Virtual co-creation is considered a viable strategy to develop consumer-centered products in the digital era. As an additional...
Persistent link: https://www.econbiz.de/10014896823