In this paper we develop a stochastic (first order Markovian) consumer choice model that represents variety seeking behaviour and we investigate the practical implications of this model for optimal product positioning relative to a zero order model that does not incorporate variety seeking. We show
β¦ LIBER β¦
The effect of product variety on purchase probability
β Scribed by Mark Heitmann; Andreas Herrmann; Christian Kaiser
- Book ID
- 107526594
- Publisher
- Springer-Verlag
- Year
- 2007
- Tongue
- English
- Weight
- 312 KB
- Volume
- 1
- Category
- Article
- ISSN
- 1863-6683
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