Market definition and product segmentation for household credit
โ Scribed by Gregory E. Elliehausen; John D. Wolken
- Book ID
- 104741806
- Publisher
- Springer
- Year
- 1990
- Tongue
- English
- Weight
- 930 KB
- Volume
- 4
- Category
- Article
- ISSN
- 0920-8550
No coin nor oath required. For personal study only.
โฆ Synopsis
This article integrates several basic theoretical ideas on the nature of markets and product substitutability to develop an empirical method for defining markets using price data. The method is illustrated by an example of product market definition for a specific geographic area.
We want to thank Ronnie McWilliams and Julie Rochlin for valuable research assistance. We also want to thank
๐ SIMILAR VOLUMES
## Abstract In this study, a market segmentation approach is developed and applied to analyze U.S. households' cheese purchases. The segmentation is based on household interpurchase time, or the hazard rate of purchases. In this study, four segments have been discovered in the U.S. market for house