NBER WORKING PAPER SERIES STATE DEPENDENCE AND ALTERNATIVE EXPLANATIONS FOR CONSUMER INERTIA
NBER WORKING PAPER SERIES STATE DEPENDENCE AND ALTERNATIVE EXPLANATIONS FOR CONSUMER INERTIA
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NBER 工作论文系列国家依赖性和消费者惰性的替代解释
DOI:
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发表时间:
2009
期刊:
影响因子:
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通讯作者:
Peter E. Rossi
中科院分区:
文献类型:
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作者:
Jean;Günter J. Hitsch;Peter E. Rossi
For many consumer packaged goods products, researchers have documented a form of state dependence whereby consumers become "loyal" to products they have consumed in the past. That is, consumers behave as though there is a utility premium from continuing to purchase the same product as they have purchased in the past or, equivalently, there is a psychological cost to switching products. However, it has not been established that this form of state dependence can be identified in the presence of consumer heterogeneity of an unknown form. Most importantly, before this inertia can be given a structural interpretation and used in policy experiments such as counterfactual pricing exercises,alternative explanations which might give rise to similar consumer behavior must be ruled out. We develop a flexible model of heterogeneity which can be given a semi-parametric interpretation and rule out alternative explanations for positive state dependence such as autocorrelated choice errors, consumer search, or consumer learning. Jean-Pierre Dubé University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago, IL 60637 and NBER jdube@chicagobooth.edu Günter J. Hitsch University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago, IL 60637 guenter.hitsch@ChicagoBooth.edu Peter E. Rossi University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago, IL 60637 peter.rossi@ChicagoBooth.edu