cial and investment banks lent trillions of dollars for housing purchases and consumer loans to borrowers ill equipped to repay. The easy lending pushed up housing prices, which then ratch-eted still higher when speculators bought houses on the expectation of yet further price increases. When the easy lending slowed and then stopped during 2006 and 2007, the housing prices peaked and began to f...

the purpose of this study is to examine the dynamic effects of some macroeconomic variables: money stock, gross domestic product, consumer price index and exchange rates on determining housing price index behavior in iran using the error correction model. using seasonal data, the model is estimated by johansen-juselius cointegration approach during 1990-2007. the results reveal that all variabl...

Online interactivity offers the opportunity for e-sellers of developing closer and more personalized relationships with their customer base. Despite the fact that interactivity effect on consumer perceptions has been proved, the effectiveness of interactivity to encourage future purchases remains unclear. This study attempts to explain the relation among interactivity, consumer trust, and futur...

W herever one turns these days, one seems to run into comments about the financial condition of the American household. Most of these comments refer to sources of increasing stress on the American consumer, from the historically low household savings rate to the historically high rates of bankruptcy and debt delinquency. On top of all this, demographic trends are raising the prospect of having ...

A technique is described whereby context-dependent consumer preference models can be automatically induced using algorithms taken from the field of evolutionary computation. In order to make this possible an abstract meta-model is constructed to relate classes of preference models to aggregate price and sales data. This meta-model is broadly consistent with existing consumer preference models, ...

We estimate a random utility model of demand to measure consumer response to package downsizing in consumer goods markets. To our knowledge this paper provides the first estimates of consumer response to package size. We perform the analysis using Nielsen Homescan data on bulk ice cream purchases of a panel of households in Chicago, between 1998 and 2007. The estimation framework involves model...

In this paper, we consider how rich sources of information on consumer choice can help to identify demand parameters in a widely-used class of differentiated products demand models. Most importantly, we show how to use “second-choice” data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use our estimates to make out-of-sample predictions ...

Social commerce mediated by social media and social network platforms has led to the development of new business models in e-commerce and digitized the consumer decision journey. Social interaction is considered as a prerequisite for successful social commerce since consumers now expect an interactive and social experience while making purchase decisions. Drawing on word of mouth (WOM) and obse...

In marketing, a customer purchases a product while a consumer uses the product; which means that an adopter of an innovation behaves like a consumer of a new product. But surprisingly no initiative has been made to relate/integrate an adopter with a consumer. This article has done this. Technological, organizational, environmental factors as well as “expectations” from using the technology are ...