Bordalo, Pedro; Burro, Giovanni; Gennaioli, Nicola; … - National Bureau of Economic Research - 2025
Why do we see both advertising and powerful consumer habits for well-known and intrinsically similar brands? We offer an explanation based on the idea that, as in Bordalo et al. (2020), a consumer is more likely to demand a good if she recalls the pleasure it gave her in the past. In turn, the...