Excerpt from Managing Market Share When, Consumers Seek Variety We consider the managerial implications of a first-order Markov model of variety-seeking behavior. Construing the resulting equilibrium probabilities as expected choice shares. We examine the stability of these shares relative to changes in variety-seeking intensity. Brand preferences. And perceptions of shared features. Complete model solutions are presented for two and three brand cases; in the n - brand case. Approximations are analyzed. We find. Regardless ...
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Excerpt from Managing Market Share When, Consumers Seek Variety We consider the managerial implications of a first-order Markov model of variety-seeking behavior. Construing the resulting equilibrium probabilities as expected choice shares. We examine the stability of these shares relative to changes in variety-seeking intensity. Brand preferences. And perceptions of shared features. Complete model solutions are presented for two and three brand cases; in the n - brand case. Approximations are analyzed. We find. Regardless of the number of brands considered. That smaller preference brands tend to benefit most from variety-seeking and should try to appear unique; conversely. Dominant brands benefit by subsuming the unique features of their smaller competitors. These theoretical results are illustrated by an empirical example. Analyzing the soft-drink consumption histories of variety - seeking. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
