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Conjoint Analysis 1 Multibrand Competition 1 New Product Development 1 Product Positioning 1
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Ofek, Elie 1 Srinivasan, V. 1
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Marketing Science 1
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How Much Does the Market Value an Improvement in a Product Attribute?
Ofek, Elie; Srinivasan, V. - In: Marketing Science 21 (2002) 4, pp. 398-411
A firm contemplating improvements to its product attributes would be interested in the dollar value the market attaches to any potential product modification. In this paper, we derive a measure of market value such that the comparison of the measure against the incremental unit cost of the...
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