Download or read book Dynamics of Consumer Demand for New Durable Goods written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dynamics of consumer demand for new durable goods written by Gautam Gowrisankaran and published by . This book was released on 2009 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper specifies and estimates a dynamic model of consumer preferences for new durable goods with persistent heterogeneous consumer tastes, rational expectations about future products and repeat purchases over time. Most new consumer durable goods, particularly consumer electronics, are characterized by relatively high initial prices followed by rapid declines in prices and improvements in quality. The evolving nature of product attributes suggests the importance of modeling dynamics in estimating consumer preferences. We estimate the model on the digital camcorder industry using a panel data set on prices, sales and characteristics. We find that dynamics are a very important determinant of consumer preferences and that estimated coefficients are more plausible than with traditional static models. We use the estimates to evaluate cost-of-living indices for new consumer goods and dynamic demand elasticities.
Download or read book A Theory on the Consumer Demand for Durable Goods written by Paul Edward Hodges and published by . This book was released on 1974 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The demand for consumer durables written by W.J. Oomens and published by Springer. This book was released on 1976-08-14 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of growth functions for estimating developments in consumer demand is already rather old. In many books on 'mathematics for economists' one can find one or more examples of growth functions, however, usually without any economic considerations as a background. Furthermore there are many econometric contributions on the subject scattered over many books and journals. In this book - the English translation of the author's doctoral thesis - , Dr. W.J. Oomens gives a highly unified treatment of the subject. The book consists of two main parts, preceded by an introduction and concluded by an application. The first main part starts with a discussion of the general notions underlying the theory of the development of demand for new consumer durable goods and next describes the many models known from the literature, using these general notions. Because of the unified treatment the author succeeds in clearly ranking the different models, in presenting the aspects they have in cornmon and in explaining the properties which are different in the models being described. The critical discussion of the existing models leads a.o. to a new model, the 'heterogeneous generalized logistic model', in which environmental variables are inserted into the purchase propensity function as well as into the function for the variable saturation degree.
Download or read book Dynamic Demand and Stock Adjustment Models for Consumer Durable Goods written by Michael McAleer and published by . This book was released on 1976 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Demand for Consumer Durables written by W.J. Oomens and published by Springer. This book was released on 1976-07-31 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of growth functions for estimating developments in consumer demand is already rather old. In many books on 'mathematics for economists' one can find one or more examples of growth functions, however, usually without any economic considerations as a background. Furthermore there are many econometric contributions on the subject scattered over many books and journals. In this book - the English translation of the author's doctoral thesis - , Dr. W.J. Oomens gives a highly unified treatment of the subject. The book consists of two main parts, preceded by an introduction and concluded by an application. The first main part starts with a discussion of the general notions underlying the theory of the development of demand for new consumer durable goods and next describes the many models known from the literature, using these general notions. Because of the unified treatment the author succeeds in clearly ranking the different models, in presenting the aspects they have in cornmon and in explaining the properties which are different in the models being described. The critical discussion of the existing models leads a.o. to a new model, the 'heterogeneous generalized logistic model', in which environmental variables are inserted into the purchase propensity function as well as into the function for the variable saturation degree.
Download or read book The Demand for Consumer Durable Goods written by Marcel Lind and published by . This book was released on 1960 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Industrial Organization written by and published by Elsevier. This book was released on 2021-12-09 with total page 788 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Industrial Organization, Volume Four highlights new advances in the field, with this new volume presenting interesting chapters written by an international board of expert authors. Presents authoritative surveys and reviews of advances in theory and econometrics Reviews recent research on capital raising methods and institutions Includes discussions on developing countries
Download or read book Demand for Differentiated Durable Products written by Oleg Melnikov and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops an estimation technique for analyzing the impact of technological change on the dynamics of consumer demand in a differentiated durable products industry. The paper presents a dynamic model of consumer demand for differentiated durable products that explicitly accounts for consumers' expectations of future product quality and consumers' outflow from the market that arises endogenously from their purchase decisions. The timing of consumers' purchases is formalized as an optimal stopping problem. A solution to that problem defines the hazard rate of product adoptions, while the nested discrete choice model determines the alternative-specific purchase probabilities. Integrating individual decisions over the population distribution generates rich dynamics of aggregate and product-level sales. The empirical part of the paper applies the model to data on the U.S. computer printer market for 1998-1999. The estimates support the hypothesis of consumers' forward-looking behavior, allowing for better demand forecasts and improved measures of welfare gains from introducing new products.
Download or read book The Durable Use of Consumer Products written by Michel Kostecki and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do we need a new car or a new refrigerator every ten years? What happens to our PC which is exchanged for a new model every three years? Why do our shoes last only a year or so, while those of our great grandfather served for a genera tion? Are businesses deliberately marketing products in a way which encourages sub-optimal use and induces consumers to buy new products? More and more consumers respond ''yes'' objecting to the business practices which reduce the life span of a product or pay no attention to efficiency in con sumption. The growing concem with sub-optimal use of consumer durables arises as a response to the volume of waste, as wen as to the growing conviction that over-consumption is encouraged by marketing techniques and approaches that favor lesser durability and sub-optimal use. There are signs that those things will have to change. Firstly, client orientation - a condition sine qua non of marketing success in the saturated markets of rich countries - is gaining popularity. Consumers are better informed and more influential and "intelligent consumption" is on the rise. Buyers are becoming more and more hostile towards marketing manipulation, inducing them to consume faster, more and at higher prices. The public increas ingly resists messages in advertisements (preventive resistance) which are pre dominantly persuasive (rather than educational or informative) and conceived to stimulate demand for the "new", the superficial and the fashionable.
Download or read book Equilibrium and Dynamics written by Mukul Majumdar and published by Springer. This book was released on 1992-06-18 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last 40 years, Professor David Gale has played a leading role in developing two themes of fundamental importance to economic theory. As a tribute to his creative research, this volume contains contributions from some leading researchers who explore different directions in these areas.
Download or read book Advances in Economics and Econometrics Volume 3 Econometrics written by Daron Acemoglu and published by Cambridge University Press. This book was released on 2013-05-13 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the third of three volumes containing edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society, held in Shanghai in August 2010. The papers summarize and interpret key developments in economics and econometrics, and they discuss future directions for a wide variety of topics, covering both theory and application. Written by the leading specialists in their fields, these volumes provide a unique, accessible survey of progress on the discipline. The first volume primarily addresses economic theory, with specific focuses on nonstandard markets, contracts, decision theory, communication and organizations, epistemics and calibration, and patents.
Download or read book Marketing Research written by Mike Nguyen and published by Bookdown. This book was released on 2020-12-29 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: Embark on a captivating journey through the world of marketing research with a touch of humor in the informative book, "Marketing Research." This resource gathers an array of information from the marketing academic literature, tailored to meet the needs of marketing professionals, students, and marketing professors alike. "Marketing Research" is a humble attempt to provide a comprehensive understanding of the field. With a unique blend of professional insights and a dash of humor, this book aims to offer an enjoyable and educational experience as you expand your knowledge. Within "Marketing Research," you'll explore various topics such as consumer behavior, market segmentation, branding strategies, and competitive analysis. The clear and concise explanations strive to break down complex concepts into digestible insights, with the goal of keeping your marketing research skills up-to-date and relevant. Throughout the book, you'll also encounter subtle humor, making the learning experience engaging and entertaining. Enhance your marketing research expertise with "Marketing Research," a modest yet insightful guide that balances valuable information with lighthearted humor. While the author does not claim to be the ultimate authority on the subject, this book serves as an honest effort to provide valuable insights into the captivating world of marketing research. Whether you're a marketing professional, a curious student, or an esteemed professor, "Marketing Research" aims to be a helpful resource on your marketing research journey.
Download or read book Advances in Economics and Econometrics written by Econometric Society. World Congress and published by Cambridge University Press. This book was released on 2013-05-27 with total page 633 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third volume of edited papers from the Tenth World Congress of the Econometric Society 2010.
Download or read book Retail Competition and the Dynamics of Consumer Demand for Tied Goods written by Wesley Robert Hartmann and published by . This book was released on 2007 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook on the Economics of Retailing and Distribution written by Emek Basker and published by Edward Elgar Publishing. This book was released on 2016-01-29 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook explores and critically examines current research in economics and marketing science on key issues in retailing and distribution. Providing a rich perspective for the discussion of public policy, contributions from several disciplines and continents range from the history of chains and the impact of multinational retailers on international trade patterns to US merger policy in the retail context, the rise of the Internet, and consumer-to-consumer sales. The chapters address methodological issues such as the structural estimation of entry games between retailers, productivity measurement when both inputs and output are not fully observable, and demand estimation with variable assortment. Policy issues explored include mergers, zoning, and the regulation of buyer power, while other chapters address some of the recent exciting developments in technology, retail formats, and data availability. The book goes on to study the changes in online retailing and ‘big data’, and to examine competition in specific retail sectors including gasoline stations, automobile dealerships, supermarkets, and ‘big box’ retail. This state-of-the-art Handbook is an essential reference for students and academics of economics and marketing science, and offers an outsider’s perspective to specialists in operations research, data analytics, geography, and sociology.
Download or read book Demand for Consumer Durable Goods written by Jean Theresa Mangan and published by . This book was released on 1974 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
