G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Marketing via Friends: Strategic Diffusion of Information in Social Networks with Homophily
Roman Chuhay
发表日期2010
出处Climate Change and Sustainable Development
出版年2010
语种英语
摘要The paper studies the impact of homophily on the optimal strategies of a monopolist, whose marketing campaign of new product relies on a word of mouth communication. Homophily is a tendency of people to interact more with those who are similar to them. In the model there are two types of consumers embedded into a social network, which differ in friendship preferences and desirable design of product. Consumers can learn about the product directly from an advertisement or from their neighbors. The monopolist chooses the product design and price to influence a pattern of communication among consumers. We find a number of results: (i) for low levels of homophily the product attractive to both types of consumers is preferred to specialized products; (ii) the price elasticity is increasing in homophily; (iii) an increase in the homophily benefits both the monopolist and consumers; and (iv) the product attractive to both types may be optimal even if the monopolist obtains profits only from sales to one type of consumers.
特色分类D21;D42;D60;D83;L11;L12
关键词Networks Word of mouth Viral marketing Homophily Diffusion Social networks Random graphs Monopoly Pricing strategy Product design Marketing Advertisement
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/marketing-via-friends-strategic-diffusion-of-information-in-social-networks-with-homophily/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117893
推荐引用方式
GB/T 7714
Roman Chuhay. Marketing via Friends: Strategic Diffusion of Information in Social Networks with Homophily. 2010.
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