| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12756 |
| 来源ID | Working Paper 12756 |
| Anomalies in Estimates of Cross-Price Elasticities for Marketing Mix Models: Theory and Empirical Test | |
| Andre Bonfrer; Ernst R. Berndt; Alvin Silk | |
| 发表日期 | 2006-12-08 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We investigate the theoretical possibility and empirical regularity of two troublesome anomalies that frequently arise when cross-price elasticities are estimated for a set of brands expected to be substitutes. These anomalies are the occurrence of: (a) negatively signed cross-elasticities; and (b) sign asymmetries in pairs of cross price elasticities. Drawing upon the Slutsky equation from neoclassical demand theory, we show how and why these anomalies may occur when cross elasticities are estimated for pairs of brands that are substitutes. We empirically examine these issues in the context of the widely used Multiplicative Competitive Interaction (MCI) and Multinomial Logit (MNL) specifications of the fully extended attraction models (Cooper and Nakanishi 1988). Utilizing a database of store-level scanner data for 25 categories and 127 brands of frequently purchased branded consumer goods, we find that about 18% of a total of 732 cross elasticity estimates are negative and approximately 40% of the 366 pairs of cross elasticities are sign asymmetric. Finally, we find that the occurrence of negatively signed cross elasticities can be partially explained by a set of hypothesized relationships between cross-price elasticities and brand share and elasticities of income and category demand. |
| 主题 | Microeconomics ; Households and Firms ; Other ; Accounting, Marketing, and Personnel |
| URL | https://www.nber.org/papers/w12756 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570418 |
| 推荐引用方式 GB/T 7714 | Andre Bonfrer,Ernst R. Berndt,Alvin Silk. Anomalies in Estimates of Cross-Price Elasticities for Marketing Mix Models: Theory and Empirical Test. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12756.pdf（463KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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