메뉴 건너뛰기




Volumn 28, Issue 4, 2009, Pages 740-758

An empirical investigation of the dynamic effect of Marlboro's permanent pricing shift

Author keywords

Addiction; Brand switching; Choice model; Dynamic structural model; Learning; Marlboro Friday; Permanent price cut; Price expectation; Risk aversion; Uncertainty

Indexed keywords


EID: 68549097854     PISSN: 07322399     EISSN: 1526548X     Source Type: Journal    
DOI: 10.1287/mksc.1080.0446     Document Type: Article
Times cited : (24)

References (60)
  • 1
    • 0032372118 scopus 로고    scopus 로고
    • The effect of promotion on consumption: Buying more and consuming it faster
    • Ailawadi, K. L., S. A. Neslin. 1998. The effect of promotion on consumption: Buying more and consuming it faster. J. Marketing Res. 35(3) 390-398.
    • (1998) J. Marketing Res , vol.35 , Issue.3 , pp. 390-398
    • Ailawadi, K.L.1    Neslin, S.A.2
  • 2
    • 0001400151 scopus 로고
    • Quality perceptions and asymmetric switching between brands
    • Allenby, G. M., P. E. Rossi. 1991. Quality perceptions and asymmetric switching between brands. Marketing Sci. 10(3) 185-204.
    • (1991) Marketing Sci , vol.10 , Issue.3 , pp. 185-204
    • Allenby, G.M.1    Rossi, P.E.2
  • 3
    • 33846926845 scopus 로고    scopus 로고
    • Living rationally under the volcano? An empirical analysis of heavy drinking and smoking
    • Arcidiacono, P., H. Siege, F. Sloan. 2007. Living rationally under the volcano? An empirical analysis of heavy drinking and smoking. Internat. Econom. Rev. 48(1) 37-65.
    • (2007) Internat. Econom. Rev , vol.48 , Issue.1 , pp. 37-65
    • Arcidiacono, P.1    Siege, H.2    Sloan, F.3
  • 4
    • 21844482382 scopus 로고
    • A dynamic demand model for liquor: The case for pooling
    • Baltagi, B. H., J. M. Griffin. 1995. A dynamic demand model for liquor: The case for pooling. Rev. Econom. Statist. 77(3) 545-554.
    • (1995) Rev. Econom. Statist , vol.77 , Issue.3 , pp. 545-554
    • Baltagi, B.H.1    Griffin, J.M.2
  • 5
    • 0001546113 scopus 로고
    • Estimating dynamic demand for cigarettes using panel data: The effects of bootlegging, taxation and advertising, reconsidered
    • Baltagi, B. H., D. Levin. 1986. Estimating dynamic demand for cigarettes using panel data: The effects of bootlegging, taxation and advertising, reconsidered. Rev. Econom. Statist. 68(1) 148-155.
    • (1986) Rev. Econom. Statist , vol.68 , Issue.1 , pp. 148-155
    • Baltagi, B.H.1    Levin, D.2
  • 6
    • 84936823847 scopus 로고
    • A theory of rational addiction
    • Becker, G. S., K. M. Murphy. 1988. A theory of rational addiction. J. Political Econom. 96(4) 675-700.
    • (1988) J. Political Econom , vol.96 , Issue.4 , pp. 675-700
    • Becker, G.S.1    Murphy, K.M.2
  • 7
    • 0032220722 scopus 로고    scopus 로고
    • Shopping behavior and consumer preference for store price format: Why "large basket" shoppers prefer EDLP
    • Bell, D. R., J. M. Lattin. 1998. Shopping behavior and consumer preference for store price format: Why "large basket" shoppers prefer EDLP. Marketing Sci. 17(1) 66-88.
    • (1998) Marketing Sci , vol.17 , Issue.1 , pp. 66-88
    • Bell, D.R.1    Lattin, J.M.2
  • 8
    • 0002526207 scopus 로고
    • Sales promotion: The long and the short of it
    • 81-97
    • Blattberg, R. C., S. A. Neslin. 1989. Sales promotion: The long and the short of it. Marketing Lett. 1(1) 81-97.
    • (1989) Marketing Lett , vol.1 , Issue.1
    • Blattberg, R.C.1    Neslin, S.A.2
  • 9
    • 0000902769 scopus 로고
    • Price-induced patterns of competition
    • Blattberg, R. C., K. J. Wisniewski. 1989. Price-induced patterns of competition. Marketing Sci. 8(4) 291-309.
    • (1989) Marketing Sci , vol.8 , Issue.4 , pp. 291-309
    • Blattberg, R.C.1    Wisniewski, K.J.2
  • 10
    • 0030299444 scopus 로고    scopus 로고
    • Asymmetric promotion effects and brand positioning
    • Bronnenberg, B. J., L. Wathieu. 1996. Asymmetric promotion effects and brand positioning. Marketing Sci. 15(4) 379-394.
    • (1996) Marketing Sci , vol.15 , Issue.4 , pp. 379-394
    • Bronnenberg, B.J.1    Wathieu, L.2
  • 11
    • 0030738531 scopus 로고    scopus 로고
    • Price, tobacco control policy and youth smoking
    • Chaloupka, F., M. Grossman. 1997. Price, tobacco control policy and youth smoking. J. Health Econom. 16(3) 359-373.
    • (1997) J. Health Econom , vol.16 , Issue.3 , pp. 359-373
    • Chaloupka, F.1    Grossman, M.2
  • 12
    • 33847082051 scopus 로고    scopus 로고
    • Structural modeling in marketing: Review and assessment
    • Chintagunta, P., T. Erdem, P. E. Rossi, M. Wedel. 2006. Structural modeling in marketing: Review and assessment. Marketing Sci. 25(6) 604-616.
    • (2006) Marketing Sci , vol.25 , Issue.6 , pp. 604-616
    • Chintagunta, P.1    Erdem, T.2    Rossi, P.E.3    Wedel, M.4
  • 14
    • 0000736619 scopus 로고    scopus 로고
    • Long-run effects of price promotions in scanner markets
    • Dekimpe, M. G., D. M. Hanssens, J. M. Silva-Risso. 1999. Long-run effects of price promotions in scanner markets. J. Econometrics 89(1-2) 269-291.
    • (1999) J. Econometrics , vol.89 , Issue.1-2 , pp. 269-291
    • Dekimpe, M.G.1    Hanssens, D.M.2    Silva-Risso, J.M.3
  • 15
    • 0032388671 scopus 로고    scopus 로고
    • An empirical analysis of umbrella branding
    • Erdem, T. 1998. An empirical analysis of umbrella branding. J. Marketing Res. 35(3) 339-351.
    • (1998) J. Marketing Res , vol.35 , Issue.3 , pp. 339-351
    • Erdem, T.1
  • 16
    • 0030305348 scopus 로고    scopus 로고
    • Decision-making under uncertainty: Capturing dynamic brand choice processes in turbulent consumer goods markets
    • Erdem, T., M. P. Keane. 1996. Decision-making under uncertainty: Capturing dynamic brand choice processes in turbulent consumer goods markets. Marketing Sci. 15(1) 1-20.
    • (1996) Marketing Sci , vol.15 , Issue.1 , pp. 1-20
    • Erdem, T.1    Keane, M.P.2
  • 17
    • 4043145032 scopus 로고    scopus 로고
    • Brand credibility, brand consideration, and choice
    • Erdem, T., J. Swait. 2004. Brand credibility, brand consideration, and choice. J. Consumer Res. 31(1) 191-198.
    • (2004) J. Consumer Res , vol.31 , Issue.1 , pp. 191-198
    • Erdem, T.1    Swait, J.2
  • 18
    • 0142228017 scopus 로고    scopus 로고
    • Brand and quality choice dynamics under price uncertainty
    • Erdem, T., S. Imain, M. P. Keane. 2003. Brand and quality choice dynamics under price uncertainty. Quant. Econom. Marketing 1(1) 5-64.
    • (2003) Quant. Econom. Marketing , vol.1 , Issue.1 , pp. 5-64
    • Erdem, T.1    Imain, S.2    Keane, M.P.3
  • 19
    • 60949095189 scopus 로고    scopus 로고
    • A dynamic model of brand choice when price and advertising signal product quality
    • Erdem, T., M. P. Keane, B. Sun. 2008. A dynamic model of brand choice when price and advertising signal product quality. Marketing Sci. 27(6) 1111-1125.
    • (2008) Marketing Sci , vol.27 , Issue.6 , pp. 1111-1125
    • Erdem, T.1    Keane, M.P.2    Sun, B.3
  • 20
    • 1442332638 scopus 로고    scopus 로고
    • Performance of store brands: A cross-country analysis of consumer store-brand preferences, perceptions, and risk
    • Erdem, T., Y. Zhao, A. Valenzuela. 2004. Performance of store brands: A cross-country analysis of consumer store-brand preferences, perceptions, and risk. J. Marketing Res. 41(1) 86-100.
    • (2004) J. Marketing Res , vol.41 , Issue.1 , pp. 86-100
    • Erdem, T.1    Zhao, Y.2    Valenzuela, A.3
  • 21
    • 24944522545 scopus 로고    scopus 로고
    • Learning about computers: An analysis of information search and technology choice
    • Erdem, T., M. P. Keane, T. S. Oncu, J. Strebel. 2005. Learning about computers: An analysis of information search and technology choice. Quant. Econom. Marketing 3(3) 207-247.
    • (2005) Quant. Econom. Marketing , vol.3 , Issue.3 , pp. 207-247
    • Erdem, T.1    Keane, M.P.2    Oncu, T.S.3    Strebel, J.4
  • 22
    • 0032168420 scopus 로고    scopus 로고
    • The compensating behavior of smokers: Taxes, tar, and nicotine
    • Evans, W., M. C. Farrelly. 1998. The compensating behavior of smokers: Taxes, tar, and nicotine. RAND J. Econom. 29(3) 578-595.
    • (1998) RAND J. Econom , vol.29 , Issue.3 , pp. 578-595
    • Evans, W.1    Farrelly, M.C.2
  • 24
    • 0000198451 scopus 로고    scopus 로고
    • Varying parameter models to accommodate dynamic promotion effects
    • Foekens, E. W., P. S. H. Leeflang, D. R. Wittink. 1999. Varying parameter models to accommodate dynamic promotion effects. J. Econometrics 89 249-268.
    • (1999) J. Econometrics , vol.89 , pp. 249-268
    • Foekens, E.W.1    Leeflang, P.S.H.2    Wittink, D.R.3
  • 25
    • 0030524938 scopus 로고    scopus 로고
    • Estimating the impact of consumer expectations of coupons on purchase behavior: A dynamic structural model
    • Gönül, F., K. Srinivasan. 1996. Estimating the impact of consumer expectations of coupons on purchase behavior: A dynamic structural model. Marketing Sci. 15(3) 262-279.
    • (1996) Marketing Sci , vol.15 , Issue.3 , pp. 262-279
    • Gönül, F.1    Srinivasan, K.2
  • 27
    • 0008080171 scopus 로고    scopus 로고
    • Youth smoking in the 1990s: Why did it rise and what are the long run implications?
    • Gruber, J. 2001. Youth smoking in the 1990s: Why did it rise and what are the long run implications? Amer. Econom. Rev. 91(2) 85-90.
    • (2001) Amer. Econom. Rev , vol.91 , Issue.2 , pp. 85-90
    • Gruber, J.1
  • 28
    • 0347710665 scopus 로고    scopus 로고
    • Habit persistence in time series models of discrete choice
    • Haaijer, R., M. Wedel. 2001. Habit persistence in time series models of discrete choice. Marketing Lett. 12(1) 25-35.
    • (2001) Marketing Lett , vol.12 , Issue.1 , pp. 25-35
    • Haaijer, R.1    Wedel, M.2
  • 29
    • 0000807620 scopus 로고
    • The demand for cigarettes: Advertising, the health scare and the cigarette advertising ban
    • Hamilton, J. 1972. The demand for cigarettes: Advertising, the health scare and the cigarette advertising ban. Rev. Econom. Statist. 54(4) 401-411.
    • (1972) Rev. Econom. Statist , vol.54 , Issue.4 , pp. 401-411
    • Hamilton, J.1
  • 30
    • 0003134302 scopus 로고    scopus 로고
    • How should national brands think about private labels
    • Hoch, S. J. 1996. How should national brands think about private labels. Sloan Management Rev. 37(2) 89-102.
    • (1996) Sloan Management Rev , vol.37 , Issue.2 , pp. 89-102
    • Hoch, S.J.1
  • 31
    • 0000917415 scopus 로고
    • A probabilistic choice model for market segmentation and elasticity structure
    • Kamakura, W. A., G. J. Russell. 1989. A probabilistic choice model for market segmentation and elasticity structure. J. Marketing Res. 26(4) 379-390.
    • (1989) J. Marketing Res , vol.26 , Issue.4 , pp. 379-390
    • Kamakura, W.A.1    Russell, G.J.2
  • 32
    • 68549137034 scopus 로고    scopus 로고
    • Price wars
    • July 5
    • Kay, J. 1996. Price wars. Financial Times (July 5) 11.
    • (1996) Financial Times , pp. 11
    • Kay, J.1
  • 33
    • 43949154401 scopus 로고
    • The solution and estimation of discrete choice dynamic programming models by simulation and interpolation: Monte Carlo evidence
    • Keane, M. P., K. I. Wolpin. 1994. The solution and estimation of discrete choice dynamic programming models by simulation and interpolation: Monte Carlo evidence. Rev. Econom. Statist. 76(4) 648-672.
    • (1994) Rev. Econom. Statist , vol.76 , Issue.4 , pp. 648-672
    • Keane, M.P.1    Wolpin, K.I.2
  • 34
    • 51249186419 scopus 로고
    • Retail a procedure for the modeling of non-stationary time series
    • Kitagawa, G., H. Akaike. 1978. Retail a procedure for the modeling of non-stationary time series. Annuals Inst. Statist. Math. 30(1) 351-363.
    • (1978) Annuals Inst. Statist. Math , vol.30 , Issue.1 , pp. 351-363
    • Kitagawa, G.1    Akaike, H.2
  • 35
    • 0033235419 scopus 로고    scopus 로고
    • The dynamic effect of discounting on sales: Empirical analysis and normative pricing implications
    • Kopalle, P. K., C. F. Mela, L. Marsh. 1999. The dynamic effect of discounting on sales: Empirical analysis and normative pricing implications. Marketing Sci. 18(3) 317-332.
    • (1999) Marketing Sci , vol.18 , Issue.3 , pp. 317-332
    • Kopalle, P.K.1    Mela, C.F.2    Marsh, L.3
  • 36
    • 0001517029 scopus 로고
    • A new approach to consumer theory
    • Lancaster, K. J. 1966. A new approach to consumer theory. J. Political Econom. 70(2) 132-57.
    • (1966) J. Political Econom , vol.70 , Issue.2 , pp. 132-157
    • Lancaster, K.J.1
  • 37
    • 0020168448 scopus 로고
    • The potential for using excise taxes to reduce smoking
    • Lewit, E. M., D. Coate. 1982. The potential for using excise taxes to reduce smoking. J. Health Econom. 1(2) 121-145.
    • (1982) J. Health Econom , vol.1 , Issue.2 , pp. 121-145
    • Lewit, E.M.1    Coate, D.2
  • 38
    • 0031488108 scopus 로고    scopus 로고
    • The long-term impact of promotion and advertising on consumer brand choice
    • Mela, C. F., S. Gupta, D. R. Lehmann. 1997. The long-term impact of promotion and advertising on consumer brand choice. J. Marketing Res. 34(2) 248-261.
    • (1997) J. Marketing Res , vol.34 , Issue.2 , pp. 248-261
    • Mela, C.F.1    Gupta, S.2    Lehmann, D.R.3
  • 39
    • 0007147516 scopus 로고    scopus 로고
    • Assessing long-term promotional influences on market structure
    • Mela, C. F., S. Gupta, K. Jedidi. 1998. Assessing long-term promotional influences on market structure. Internat. J. Res. Marketing 15(2) 89-107.
    • (1998) Internat. J. Res. Marketing , vol.15 , Issue.2 , pp. 89-107
    • Mela, C.F.1    Gupta, S.2    Jedidi, K.3
  • 40
    • 0041179238 scopus 로고    scopus 로고
    • The long-term impact of promotions on consumer stockpiling behavior
    • Mela, C. F., K. Jedidi, D. Bowman. 1998. The long-term impact of promotions on consumer stockpiling behavior. J. Marketing Res. 35(2) 250-262.
    • (1998) J. Marketing Res , vol.35 , Issue.2 , pp. 250-262
    • Mela, C.F.1    Jedidi, K.2    Bowman, D.3
  • 41
    • 0037412962 scopus 로고    scopus 로고
    • Price uncertainty and consumer search: A structural model of consideration set formation
    • Mehta, N., S. Rajiv, K. Srinivasan. 2003. Price uncertainty and consumer search: A structural model of consideration set formation. Marketing Sci. 22(1) 58-84.
    • (2003) Marketing Sci , vol.22 , Issue.1 , pp. 58-84
    • Mehta, N.1    Rajiv, S.2    Srinivasan, K.3
  • 42
    • 38549143715 scopus 로고    scopus 로고
    • Retail-price drivers and retailer profits
    • Nijs, V. R., S. Srinivasan, K. Pauwels. 2007. Retail-price drivers and retailer profits. Marketing Sci. 26(4) 473-487.
    • (2007) Marketing Sci , vol.26 , Issue.4 , pp. 473-487
    • Nijs, V.R.1    Srinivasan, S.2    Pauwels, K.3
  • 44
    • 0030493268 scopus 로고    scopus 로고
    • Measuring the dynamic effects of promotions on brand choice
    • Papatla, P., L. Krishnamurthi. 1996. Measuring the dynamic effects of promotions on brand choice. J. Marketing Res. 33(1) 20-35.
    • (1996) J. Marketing Res , vol.33 , Issue.1 , pp. 20-35
    • Papatla, P.1    Krishnamurthi, L.2
  • 45
    • 2442668694 scopus 로고    scopus 로고
    • Who benefits from store brand entry?
    • Pauwels, K., S. Srinivasan. 2004. Who benefits from store brand entry? Marketing Sci. 23(3) 364-390.
    • (2004) Marketing Sci , vol.23 , Issue.3 , pp. 364-390
    • Pauwels, K.1    Srinivasan, S.2
  • 46
    • 0036853218 scopus 로고    scopus 로고
    • The longterm effects of price promotions on category incidence, brand choice, and purchase quantity
    • Pauwels, K., D. M. Hanssens, S. Siddarth. 2002. The longterm effects of price promotions on category incidence, brand choice, and purchase quantity. J. Marketing Res. 39(4) 421-439.
    • (2002) J. Marketing Res , vol.39 , Issue.4 , pp. 421-439
    • Pauwels, K.1    Hanssens, D.M.2    Siddarth, S.3
  • 48
    • 0001373213 scopus 로고
    • An empirical analysis of dynamic, nonprice competition in an oligopolistic industry
    • Roberts, M., L. Samuelson. 1988. An empirical analysis of dynamic, nonprice competition in an oligopolistic industry. RAND J. Econom. 19(2) 200-220.
    • (1988) RAND J. Econom , vol.19 , Issue.2 , pp. 200-220
    • Roberts, M.1    Samuelson, L.2
  • 49
    • 0033800667 scopus 로고    scopus 로고
    • The effect of tobacco advertising bans on tobacco consumptions
    • Saffer, H., F. Chaloupka. 2000. The effect of tobacco advertising bans on tobacco consumptions. J. Health Econom. 19(6) 1117-1137.
    • (2000) J. Health Econom , vol.19 , Issue.6 , pp. 1117-1137
    • Saffer, H.1    Chaloupka, F.2
  • 51
    • 4243956718 scopus 로고
    • Price cut on Marlboro upsets rosy notions about tobacco profits
    • April 5
    • Shapiro, E. 1993. Price cut on Marlboro upsets rosy notions about tobacco profits. Wall Street J. (April 5) A1, A10.
    • (1993) Wall Street J , vol.A1
    • Shapiro, E.1
  • 53
    • 68549113273 scopus 로고    scopus 로고
    • Silk, A. J, B. Isaacson. 1995. Philip Morris: Marlboro Friday A, HBS Case 9-596-001, Harvard Business School, Boston
    • Silk, A. J., B. Isaacson. 1995. Philip Morris: Marlboro Friday (A). HBS Case 9-596-001, Harvard Business School, Boston.
  • 54
    • 33750512174 scopus 로고    scopus 로고
    • Effects of brand preference, product attributes, and marketing mix variables in technology product markets
    • Sriram, S., P. K. Chintagunta, R. Neelamegham. 2006. Effects of brand preference, product attributes, and marketing mix variables in technology product markets. Marketing Sci. 25(5) 440-456.
    • (2006) Marketing Sci , vol.25 , Issue.5 , pp. 440-456
    • Sriram, S.1    Chintagunta, P.K.2    Neelamegham, R.3
  • 55
    • 0002082873 scopus 로고
    • De gustibus non est disputandum
    • Stigler, G. J., G. S. Becker. 1977. De gustibus non est disputandum. Amer. Econom. Rev. 67(2) 76-90.
    • (1977) Amer. Econom. Rev , vol.67 , Issue.2 , pp. 76-90
    • Stigler, G.J.1    Becker, G.S.2
  • 56
    • 26044446205 scopus 로고    scopus 로고
    • Promotion effect on endogenous consumption
    • Sun, B. 2005. Promotion effect on endogenous consumption. Marketing Sci. 24(3) 430-443.
    • (2005) Marketing Sci , vol.24 , Issue.3 , pp. 430-443
    • Sun, B.1
  • 57
    • 0344496258 scopus 로고    scopus 로고
    • Measuring the impact of promotions on brand switching when consumers are forward looking
    • Sun, B., S. A. Neslin, K. Srinivasan. 2003. Measuring the impact of promotions on brand switching when consumers are forward looking. J. Marketing Res. 40(4) 389-405.
    • (2003) J. Marketing Res , vol.40 , Issue.4 , pp. 389-405
    • Sun, B.1    Neslin, S.A.2    Srinivasan, K.3
  • 58
    • 0000194171 scopus 로고
    • The price elasticity of selective demand: A metaanalysis of econometric models of sales
    • Tellis, J. G. 1988. The price elasticity of selective demand: A metaanalysis of econometric models of sales. J. Marketing Res. 25(4) 331-341.
    • (1988) J. Marketing Res , vol.25 , Issue.4 , pp. 331-341
    • Tellis, J.G.1
  • 59
    • 0345604441 scopus 로고    scopus 로고
    • Is 3/4 of the sales promotion bump due to brand switching? No it is 1/3
    • Van Heerde, H. J., S. Gupta, D. R. Wittink. 2003. Is 3/4 of the sales promotion bump due to brand switching? No it is 1/3. J. Marketing Res. 40(4) 481-491.
    • (2003) J. Marketing Res , vol.40 , Issue.4 , pp. 481-491
    • Van Heerde, H.J.1    Gupta, S.2    Wittink, D.R.3
  • 60
    • 33847069686 scopus 로고    scopus 로고
    • Motion pictures: Consumers, channels, and intuition
    • Wierenga, B. 2006. Motion pictures: Consumers, channels, and intuition. Marketing Sci. 5(6) 674-677.
    • (2006) Marketing Sci , vol.5 , Issue.6 , pp. 674-677
    • Wierenga, B.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.