I consider an oligopoly model where, prior to price competition, firms invest in persuasive advertising and induce brand loyalty in consumers who would otherwise buy the cheapest alternative on the market. This setting, in which persuasive advertising is introduced to ho-mogenous product markets, provides an alternative explanation for price dispersion phenom-ena. Despite ex-ante symmetry, the equilibrium profile of advertising outlays is asymmetric. It follows that endogenously determined brand loyal consumer bases are not symmetric across firms. This raises a robustness question regarding Varian’s "model of sales " where symmetry is exogenously assumed
This paper analyzes the role played by brand loyalty in determining optimal price promotional strate...
We model a homogeneous product environment where identical e-retailers endogenously engage in both b...
Models of market strategy are examined to determine the effect a firm\u27s goodwill might have on th...
I construct a model in which an oligopoly first invests in persuasive advertising in order to induce...
I construct a model in which an oligopoly first invests in persuasive advertising in order to induce...
This thesis examines strategic implications on pricing and advertising decisions of oligopolistic fi...
We model a homogeneous product environment where identical e-retailers endogenously engage in both b...
We model a homogeneous product environment where identical e-retailers endogenously engage in both b...
Despite the empirical relevance of advertising strategies in concentrated markets, the economics lit...
Despite the empirical relevance of advertising strategies in concentrated mar-kets, the economics li...
The extant literature on price promotions typically assumes that consumers loyal to a brand never sw...
dispersion, advertising We analyze the impact of market share on advertising and pricing decisions b...
We study oligopolistic competition by firms practicing second-degree price discrimination. In line wi...
A model of advertising and price distributions is investigated whereby each seller can contact diffe...
We embed the Varian (1980) model in a broader setting that considers how switcher/loyal customer seg...
This paper analyzes the role played by brand loyalty in determining optimal price promotional strate...
We model a homogeneous product environment where identical e-retailers endogenously engage in both b...
Models of market strategy are examined to determine the effect a firm\u27s goodwill might have on th...
I construct a model in which an oligopoly first invests in persuasive advertising in order to induce...
I construct a model in which an oligopoly first invests in persuasive advertising in order to induce...
This thesis examines strategic implications on pricing and advertising decisions of oligopolistic fi...
We model a homogeneous product environment where identical e-retailers endogenously engage in both b...
We model a homogeneous product environment where identical e-retailers endogenously engage in both b...
Despite the empirical relevance of advertising strategies in concentrated markets, the economics lit...
Despite the empirical relevance of advertising strategies in concentrated mar-kets, the economics li...
The extant literature on price promotions typically assumes that consumers loyal to a brand never sw...
dispersion, advertising We analyze the impact of market share on advertising and pricing decisions b...
We study oligopolistic competition by firms practicing second-degree price discrimination. In line wi...
A model of advertising and price distributions is investigated whereby each seller can contact diffe...
We embed the Varian (1980) model in a broader setting that considers how switcher/loyal customer seg...
This paper analyzes the role played by brand loyalty in determining optimal price promotional strate...
We model a homogeneous product environment where identical e-retailers endogenously engage in both b...
Models of market strategy are examined to determine the effect a firm\u27s goodwill might have on th...