We consider a noncooperative differential game where a retailer sells her own private label in addition to the manufacturer’s brand. We assume that each brand’s goodwill evolves according to a modified Nerlove-Arrow dynamics, in such a way that the advertising effort of one brand hurts the competitor’s goodwill stock. We characterize FeedbackStackelberg pricing and advertising strategies and em...

An outstanding puzzle in the social sciences remains about the forms of perceived trustworthiness sufficient to produce trust. Survey experiments adjudicated between four models of the trustworthiness-trust link—social constraints, encapsulated interests, goodwill, and virtuous dispositions—and tested novel hypotheses about other-praising emotions (admiration and gratitude) as mediating effects...

In this study, we introduce a new approach to measuring the impact of TV advertising on the demand for consumer goods. We combine three data sources (i.e., store-level scanner data, advertising spending data and advertising tracking data) to assess the impact of advertising on demand. We estimate demand by employing a random coefficient logit model that uses aggregate data, in accordance with B...

Stochastic control problems related to optimal advertising under uncertainty are considered. In particular, we determine the optimal strategies for the problem of maximizing the utility of goodwill at launch time and minimizing the disutility of a stream of advertising costs that extends until the launch time for some classes of stochastic perturbations of the classical Nerlove-Arrow dynamics. ...