Download or read book Essays on Dynamic Consumers Brand Choice written by Nahyeon Bak and published by . This book was released on 2019 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is a collection of essays on consumer's state dependent choice. In many consumers packaged goods markets, consumer's brand choice is highly persistent because of state dependence where past choice directly influence present choice. Chapter I investigates why consumer choices show state dependence by testing two competing theories: learning and switching costs. To test them, I used a Nielsen consumer panel data set including a long history of repeated purchases by 28,724 households from 2006-2015. Reduced form estimates suggest that the results align with learning, but not switching costs. I also find the only the first and second brand experiences affect present choice. In Chapter II, consistent with reduced-form analysis, I hypothesize that under learning behavior, if consumers try a new brand, consumers are likely to choose a smaller size than before because of uncertainty on product information, if not, consumers are likely to choose a bigger size than before because of lower price per unit with a bigger size. However, under switching cost behavior, consumers size choice will not be affected by brand switching decision. To test this causal relationship between brand switching decision and size choice, I adopt double machine learning method. Compared to previous reduced-form analysis, double machine learning model specifies a set of control variables without human judgement and it provides a causal parameter. Also, compared to naive or prediction based machine learning models, it overcomes the regularization bias by using Neyman orthogonality and over-fitting problems by using sample splitting method. As a result, I find that consumer's new trial on a brand leads to choose a smaller size choice than before where it supports learning behavior, not switching costs behavior. These reduced form studies of Chapter I and II motivate structural approaches to empirical modeling. Chapter III tests the two competing theories with a structural demand model that incorporated variety-seeking behavior. Previous studies failed to explain how states affect two decisions: not only persistent brand choice, but also brand switching that usually variety-seeker have shown. To incorporate these decisions, I develop a dynamic panel demand model with multiple discreteness choices for estimating preferences where some consumers switch brand frequently even most consumers show persistent brand choice. I first find that consumers learn fast, which disputes previous slowdown learning models such as Bayesian learning. Second, state dependence of consumer choice diminishes with time elapsed from each purchase. These findings are robust to controlling variety seeking behavior or not. Combining Chapter I, II, and III, I conclude that with the assumption on myopic consumers, because of learning behavior, consumers show persistent brand choice in the initial shopping period, but as they exposure to the same brands again and again, they become satiated the brand. In other words, consumers show diminishing marginal utility over quantity consumed. Therefore, consumers switch a brand.
Download or read book Three Essays on Consumer Behavior in Virtual Community written by Yiyan Stella Li and published by Open Dissertation Press. This book was released on 2017-01-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "Three Essays on Consumer Behavior in Virtual Community: EWOM, Online Trust, and Dynamic Impacts on Brand Selection" by Yiyan, Stella, Li, 李藝燕, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of thesis entitled Three Essays on Consumer Behavior in Virtual Community: eWOM, Online Trust, and Dynamic Impacts on Brand Selection submitted by Stella Yiyan Li for the degree of Doctor of Philosophy at the University of Hong Kong in June 2007 As increasing numbers of people log into Virtual Communities (VCs) to meet new friends and solve problems, VCs have become an important social phenomenon that attracts research attention from different disciplines. Existing consumer research focuses on the individual motives behind participation in VCs and how brand-based VCs affect consumers' brand loyalty, but neglects the roles of the other important form of VCs, the product-based VCs. Moreover, the dynamic influences remain open to questions. By incorporating social capital theory and emerging theories relevant to VC research, this thesis aims to advance knowledge about the dynamic influences of product-based VCs on consumer behaviour in terms of eWord-of Mouth (eWOM), trust formation, and brand selection. The first study examines eWOM in VCs. WOM is a highly respected form of marketing information. However, because it is difficult to study WOM in the face-to-face context, researchers have limited understanding of its sources of effectiveness or its effects beyond product and brand communications. By conducting a netnography of beauty product enthusiasts in China in order to understand eWOM, the findings of this iistudy reveal four categories of responses: (1) sources of social capital, (2) brand choice facilitation, (3) persuasion knowledge development, and (4) consumer reflexivity. The thesis also proposes a model and offers a set of postulates to guide future research directions. The second study tests the antecedents and consequences of trust formation in VCs. IS research investigates the domains of interpersonal and system trust using streams of research based on different paradigms. Considering the continuous proliferation of VCs, this thesis proposes an integrative model that combines both trust components. Drawing insights from social capital theory, this study extends the research context to a VC sponsored by a commercial portal. Furthermore, it postulates that (1) structured VC contents and members' cognitive and relational motivations are antecedents to both trust components; (2) interpersonal trust is distinct from, and an important driver of, system trust; and (3) both trust components stimulate member online loyalty which enhances value for the sponsoring portal. Tests of the model's hypotheses using an online survey of 899 VC members support propositions in this study and offer both research and managerial implications. The third study examines the dynamic influences of VCs on brand selection. Various studies prove that brand-based VCs strengthen participants' brand loyalty. What remains unclear is how product-based VCs affect consumers' brand selection and how those impacts evolve over time. Using a longitudinal study of 277 members from the same VC, I demonstrate that individual motives (informational and social) and susceptibility to VC normative influence not only enhance consumers' loyalty toward a favourite brand but also increase variety-seeking intentions and consideration set size in iiibrand selection. Informational motives play dominant roles in enhancing variety-seeking intenti
Download or read book Essays on Dynamic Choice Behavior written by Peruvemba B. Seetharaman and published by . This book was released on 1998 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Two Essays on Consumer Choice written by Rishin Roy and published by . This book was released on 1990 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Consumer Behavior in Virtual Community written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Consumer Search Dynamic Competition and Regulation written by Alexei Parakhonyak and published by Rozenberg Publishers. This book was released on 2010 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Advertising and Dynamic Demand for Differentiated Products written by Sylvie Tchumtchoua and published by . This book was released on 2008 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on How Consumers Respond to Positive Brand to Brand Interactions written by Lingrui Zhou and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the current digital age and the rise of social media, consumers are privy to a wide variety of content from brands and media figures (e.g., celebrities, content creators, athletes, influencers). I focus on investigating the effects of observing positive interactions between brands or human brands on consumer perceptions. In the first essay, across six studies, I showcase that praising one's competitor--via “brand-to-brand praise”--often heightens preference for the praiser more so than other common forms of communication, such as self-promotion or benevolent information. This is because brand-to-brand praise increases perceptions of brand warmth, which leads to enhanced brand evaluations and choice. In my second essay, across seven studies, I demonstrate how consumers enjoy viewing positive interactions between media figures and that viewing these interactions increase interest in and attitudes towards the focal media figure. This effect is driven by the humanization of the media figure, such that these positive interactions allow the media figure to seem more human to the consumer. Together, these essays showcase how the public display of positive exchanges can help brands by enhancing consumer perceptions.
Download or read book Essay on Network Effects Consumer Demand and Firms Dynamic Pricing written by Rong Luo and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation includes three chapters on estimating structural economics models. My research focuses on empirically study consumers' utility from different products, the impact of network effects on consumers' demand for products, and multi-network firms' dynamic pricing strategies. The three chapters share the same feature of estimating a discrete choice demand model, but differ in the static versus dynamic setting and the underlying economics question and strategic behaviors that I'm interested.Chapter 1"The Operating System Network Effect and Telecom Carriers' Dynamic Pricing of Smartphones."The utility a consumer realizes from owning a smartphone increases with its operating system (OS) network size. Due to this OS network effect, multi-network telecom carriers have a different pricing strategy for smartphones than the single- network manufacturers in a dynamic environment. While manufacturers choose higher prices for larger networks, carriers, who can internalize competition across OSs, have incentives to choose lower prices for larger networks. The carriers' pricing strategy contributes to the increasing smartphone users and OS concentration. In this paper, I first analyze a theoretical model to compare the pricing strategies of the carriers and manufacturers. Then I design a structural model of consumers' demand and the carriers' dynamic pricing game for smartphones, and empirically study the impact of the OS network effect and carriers' two-year contract policy on the smartphone market penetration and OS concentration. I estimate the model using product level data from August 2011 to July 2013 in the US. I deal with the empirical challenges of dynamic prices for multi-product carriers, high dimension continuous state variables, and asymmetric oligopolistic firms in the estimation. The results show that the OS network size has a positive and significant impact on consumer utility. I then study two counterfactual cases in which I eliminate the OS network effect and the carriers' pricing strategy, respectively. I find that, without the OS network effect, the smartphone penetration rate would decrease by 54.7% and the largest OS share difference decrease by 31.7% by May 2013. Without the carriers' pricing strategy, the penetration rate would decrease by 29.1% and the OS market share difference decrease by 11.2%.Chapter 2"The Operating System Network Effect and Consumers' Dynamic Demand of Smartphones with Two-Year Contracts."This paper studies consumers' dynamic demand of smartphones on two-year wireless contracts. Individuals' demand decisions are affected by the improving quality and changing prices of smartphones, and the OS network effect, and their current smartphone contract status. Consumers need to pay high early termination fees if they end active contracts. The dynamic demand model in this paper incorporates the evolving choice set, prices, endogenous OS network sizes, and the termination policies in the smartphone industry. The preliminary results find that the OS network effect is large and significant. In addition, compared with dynamic model results, a static demand model tends to underestimate the OS network effect and overestimate price coefficient.Chapter 3"Store Brands and Retail Grocery Competition in Breakfast Cereals."This paper empirically analyzes the impacts of store brands on grocery retailers and consumers in the market for breakfast cereals. On the supply side, store brands help a retailer to avoid direct competition with other retailers and change the set of retailer's products. On the demand side, introducing store brands changes the national brands prices and consumers' choice set. We analyze the effects via demand estimation for a single grocery store chain Dominick's at Chicago in 1997 and counterfactual exercises. The estimation results show that consumers' unobserved utility of buying at a competing retailer is higher for consumers that value national brands, and is lower for ones that value Dominick's store brands. This is consistent with the claim that store brands help a retailer to avoid competition. The counterfactual calculations show that the profit loss from removing store brands is higher if the retailer has more competitors, with a median loss of 4.33% of profits from cereals. Existence of store brands increases national brands prices and consumer welfare increases slightly when store brands are removed.
Download or read book Essays on Retailer Pricing written by Anil Kaul and published by . This book was released on 1997 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays Over Kwantitatieve Marketing Modellen en Monte Carlo Integratie Methoden written by Rutger van Oest and published by Rozenberg Publishers. This book was released on 2005 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays in Empirical Industrial Organization written by Matthew Shum and published by . This book was released on 1998 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Consumers Preferences for Fresh Organic Produce written by Yuko Onozaka and published by . This book was released on 2007 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book From Little s Law to Marketing Science written by John R. Hauser and published by MIT Press. This book was released on 2016-01-15 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: The legacy of a pioneer in operations research and marketing science.
Download or read book Handbook of the Economics of Marketing written by and published by Elsevier. This book was released on 2019-09-19 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of the Economics of Marketing, Volume One: Marketing and Economics mixes empirical work in industrial organization with quantitative marketing tools, presenting tactics that help researchers tackle problems with a balance of intuition and skepticism. It offers critical perspectives on theoretical work within economics, delivering a comprehensive, critical, up-to-date, and accessible review of the field that has always been missing. This literature summary of research at the intersection of economics and marketing is written by, and for, economists, and the book's authors share a belief in analytical and integrated approaches to marketing, emphasizing data-driven, result-oriented, pragmatic strategies. Helps academic and non-academic economists understand recent, rapid changes in the economics of marketing Designed for economists already convinced of the benefits of applying economics tools to marketing Written for those who wish to become quickly acquainted with the integration of marketing and economics
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2009-05 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays in E commerce written by Andrea Pozzi and published by . This book was released on 2009 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
