منابع مشابه
Product Choice and Product Switching
This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than 40% of firm output and almost half of existing products. The theoretical model incorporates heterogen...
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We study the effect of price salience on product choice along two dimensions: whether a good is purchased and, conditional on purchase, the kind of good purchased. Consistent with our theoretical predictions, we find that making the full purchase price salient to consumers reduces both the quality and quantity of goods purchased. The effect of salience on quality is comparable in size to the ef...
متن کاملProduct Switching Cost and Strategic Flexibility
This paper examines the equilibrium degree of flexibility adopted by firms competing in oligopolistic product markets in which the value of flexibility arises from the initial presence of uncertainty over consumer preferences and its eventual resolution. The equilibrium choice of flexible mode depends on ( ) the following factors: 1 the cost of switching product design in response to ( ) reveal...
متن کاملSocial Networks and New Product Choice
Inuential individuals in a social network environment are important in shaping preferences for new products. In this study, we adopt an incentive compatible choice-based conjoint analysis approach to generate data on the introduction of a new ice cream product. We use spatial econometric methods to determine how individuals are likely to change their preferences when exposed to the choices of ...
متن کاملProduct choice and oligopoly market structure
I propose an empirical model to analyze product differentiation and oligopoly market structure. The model endogenizes firms’ product-type decisions, measures how effects of competitors differ depending on their product types, and can incorporate alternative specifications for the product choice game. I estimate using data from oligopoly motel markets along U.S. interstate highways; motel establ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.413420