Published by De Gruyter

Volume 14 Issue 1 -

Issue of Review of Marketing Science

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Contents
Journal Overview

Publicly Available October 1, 2016

Frontmatter

Page range: i-iii

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May 11, 2016

Abstract

This paper considers a dynamical system, which models a two-sided market. I evaluate the volume of users from each side of the market as a function of time. I formulate and prove theorems describing the long-term behavior and tendency of the market. Even though I consider generic attachment functions, I obtain a concrete result, formulated in terms of properties of attachment functions. This result is followed by examples (defined by the most popular in economics attachment functions), which illustrate behavior of the two-sided markets. I also simulate some two-sided market scenarios, showing how adjustments of attachment functions can influence the users’ dynamics. The dynamical system’s approach to the study of two-sided market problem allows natural generalization to multi-sided market, where one can utilize the same technique and obtain similar results in higher dimensions.

April 30, 2016

A Monte Carlo Study of Design Procedures for the Semi-parametric Mixed Logit Model

Andreas Falke, Harald Hruschka

Page range: 21-67

Abstract

We determine efficient designs for choice-based conjoint analysis for the semi-parametric mixed logit model which captures latent consumer heterogeneity in a very flexible way. Different methods constructing one or multiple designs are tested. Additionally we apply Halton draws and determine a minimum potential design for prior draws to reduce computation times caused by accounting for latent heterogeneity of consumers. As main efficiency criteria for the construction of designs we consider measures related to D-error and entropy. As additional benchmarks we generate designs both randomly and by an approach which starts from orthogonal designs developed for linear models. We compare these alternative design procedures by simulating choices for different constellations on the basis of the semi-parametric mixed logit model. Using these simulated choices we estimate parameters of the semi-parametric mixed logit model in the next step. ANOVA with root mean squared error between estimated and true coefficient values as dependent variable shows that performance of design procedures depends on dissimilarity and segment size. Following a mean-standard deviation approach we determine which procedure should be used under different constellations or lack of prior information. Overall, either constructing ten designs based on D B -error or constructing one design based on entropy turn out to be preferable.

April 26, 2016

Spillovers in Attribute Advertising

Steven Schmeiser

Page range: 69-87

Abstract

When firms advertise a vertically differentiated product attribute, they increase the weight consumers put on that attribute. This creates a spillover effect as one firm’s advertising can increase demand for other firms that also have the attribute. I develop a market share attraction model and find that as spillover increases, firms advertise less. Profit can be increasing or decreasing in spillover depending on the particular industry environment. Spillover lends a “public good” quality to advertising and firms free-ride in equilibrium. An advertising ban has an ambiguous effect on the profits of firms with the attribute, but always increases profits of firms without the attribute.

About this journal

Objective

The Review of Marketing Science (ROMS) is a peer-reviewed journal whose mission is wide and rapid dissemination of cutting-edge quantitative research in marketing science and related disciplines.The journal’s focus is on topics and approaches in marketing science. Marketing science as a discipline places high value on approaches rooted in mathematics, economic theory, econometrics, statistics, and data-driven approaches.

The journal particularly encourages interdisciplinary and cross-disciplinary work from diverse fields, as long as they are related to marketing science and generate insights that can be useful to marketing academics, managers or practitioners.

ROMS emphasizes substantive results that stimulate other researchers as they pursue their work. ROMS is especially interested in papers that are on topics that are under-represented in marketing and economics journals, topics and methods that might be considered controversial or too cutting-edge for other outlets, papers that report early but potentially underdeveloped results of substantial and time-sensitive nature, and papers that offer a broad overview of new and innovative topics or approaches that do not as of yet have an established base in the literature.

The journal values two-directional rapid feedback between the editors and authors. While the review process is strictly double-blind, authors are encouraged to contact the journal, through the journal’s email link, with questions regarding fit of papers and topics to the journal, questions seeking guidance, and communication pertaining to substance and methodology of technical nature. Young researchers will find a sympathetic hands-on non-adversarial editorial team that is deeply committed to their research objectives and success. Serious research will be met with sympathetic and helpful guidance.

Senior researchers should view this journal as a community platform to promote under-represented research topics and approaches of substantial promise. Specifically, the journal strongly encourages proposals by senior researchers in marketing, social sciences, behavioral disciplines, and business disciplines for special issues, as well as workshops, symposia, or special sessions that would yield a crop of related peer-reviewed papers on topics of importance.

Practitioners with cutting edge quantitative approaches, who have been finding academic publications to be impenetrable, will find an eager editorial team that will provide guidance and assistance in making substantial methodological contributions suitable for academic readership.

Topics

Marketing Science
Marketing Management
Economics
Statistics
Quantitative Consumer Research
Behavioral Marketing and Economics Research
Experimental Marketing and Economics Research

Article formats
Original research papers, special issues

Information on Submission Process

Volume 14 Issue 1 -

Issue of Review of Marketing Science

Frontmatter

Dynamics of Two-Sided Markets

Abstract

A Monte Carlo Study of Design Procedures for the Semi-parametric Mixed Logit Model

Abstract

Spillovers in Attribute Advertising

Abstract