Brand and Quantity Choice Dynamics Under Price Uncertainty

By Tülin Erdem, Susumu Imai, Michael P. Keane. 2003

354 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing

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Citations in the corpus

Counterfactual inference for consumer choice across many product categories (2019, background): “The vast majority of the literature based on individual choice data focuses on one category2 at the time, e.g. Ackerberg (2001, 2003) analyzes yogurt, Erdem et al. (2003) ketchup, Dubé (2004) soft drinks, and Hendel and Nevo (2006) detergent.”
Does Price Elasticity Vary with Economic Growth? A Cross-Category Analysis (2013, neutral): “Consumers may make forward-looking decisions given their beliefs about the timing of temporary price discounts and inventory management issues (e.g., Erdem, Imai, and Keane 2003).”
Dynamics of Consumer Demand for New Durable Goods (2012, neutral): “…incorporating not only dynamics, heterogeneity, and upgrading but also such features as learning, product loyalty, inventory behavior, and surveys of price expectations ðsee Erdem and Keane 1996; Keane and Wolpin 1997; Ackerberg 2003; Erdem, Imai, and Keane 2003; Hendel and Nevo 2006; Prince 2008Þ.”
The Price Consideration Model of Brand Choice (2009, positive): “31 This figure is remarkably close to estimates obtained for the same category by Erdem et al. (2003), using a structural inventory model, and Erdem et al.”
Winners and Losers in a Major Price War (2008, methodology): “Finally, we model prices as exogenous in relation to household decisions on store visits and spending because it seems much more likely that chains base their prices on competition than on unobserved individuallevel demand shocks (for a similar argument, see Erdem, Imai, and Keane 2003).”
Cross-Selling the Right Product to the Right Customer at the Right Time (2011, background): “…is also the solution to the following Bellman equation: where Vit + 1(Zijkt + 1) is the expected optimal utility beginning from time t + 1, and tijkt is the error term denoting unobserved factors affecting bank’s solicitation decisions (Erdem, Imai, and Keane 2003; Erdem and Keane 1996; Sun 2005).”
A Dynamic Model of Brand Choice When Price and Advertising Signal Product Quality (2008, methodology): “9 Such a quasi-structural approach was used in different contexts by Ching (2002), Erdem et al (2003) and Hendel and Nevo (2003), who estimate price policy functions jointly with various structural models of consumer behavior.”
Dynamic Pricing of New Experience Goods (2006, background): “2 A partial list of recent papers includes Erdem & Keane (1996), Erdem, Imai & Keane (2003) , Ackerberg”
An Empirical Model of Optimal Dynamic Product Launch and Exit Under Demand Uncertainty (2006, background): “…choice dynamics in the presence of coupons (Gönül and Srinivasan 1996), consumer choice dynamics in response to price promotions and stockpiling (Erdem et al. 2003, Hendel and Nevo 2005), optimal catalogmailing policies (Gönül and Shi 1998), and durable product adoption decisions in the…”