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This paper considers an optimal-control problem for the dynamics of the Vidale-Wolfe advertising model, the optimal … control being the rate of advertising expenditure to achieve a terminal market share within specified limits in a way that … points are solved with and without an upper limit on advertising rate. The complete solution to the general problem is then …
Persistent link: https://www.econbiz.de/10014220697
To increase the sales of their products through advertising, firms must integrate their brand-advertising strategy for … capturing market share from competitors and their generic-advertising strategy for increasing primary demand for the category …. This paper examines whether, when, and how much brand advertising versus generic advertising should be done. Using …
Persistent link: https://www.econbiz.de/10012766678
Firms that want to increase the sales of their brands through advertising have the choice of capturing market share … from their competitors through brand advertising, or increasing primary demand for the category through generic advertising …. In this paper, differential game theory is used to analyze the effects of the two types of advertising decisions made by …
Persistent link: https://www.econbiz.de/10014220646
We analyze optimal advertising spending in a duopolistic market where each firm's market share depends on its own and … its competitor''s advertising decisions, and is also subject to stochastic disturbances. We develop a differential game … model of advertising in which the dynamic behavior is based on the Sethi stochastic advertising model and the Lanchester …
Persistent link: https://www.econbiz.de/10014075608
We examine an oligopoly model of advertising competition where each firm's market share depends on its own and its … competitors' advertising decisions. A differential game model is developed and used to derive the closed-loop Nash equilibrium … discuss the effects of an increase in the number of competing firms on advertising expenditure, market share and profitability …
Persistent link: https://www.econbiz.de/10014046681
We examine an oligopoly model of advertising competition where each firm's market share depends on its own and its … competitors' advertising decisions. A differential game model is developed and used to derive the closed-loop Nash equilibrium … discuss the effects of an increase in the number of competing firms on advertising expenditure, market share and profitability …
Persistent link: https://www.econbiz.de/10014026403
Cooperative (co-op) advertising is an important instrument for aligning manufacturer and retailer decisions in supply … chains. In this, the manufacturer announces a co-op advertising policy, i.e., a participation rate that specifies the … percentage of the retailer's advertising expenditure that it will provide. In addition, it also announces the wholesale price. In …
Persistent link: https://www.econbiz.de/10012766775
Increasing renewable generation results in growing supply uncertainty. By now hydrostorages are the most efficient way of smoothing uncertain power supply. In liberalized and competitive markets the valuation of hydro storages investment projects needs to take the market information and...
Persistent link: https://www.econbiz.de/10010433265
We study the gap between the state pension provided by the Italian pension system pre-Dini reform and post-Dini reform. The goal is to fill the gap between the old and the new pension by joining a defined contribution pension scheme and adopting an optimal investment strategy that is...
Persistent link: https://www.econbiz.de/10011866511
undertakes promotional expenditures, uch as advertising, to increase sales and to compete against other retailer(s). The … manufacturer supports the retailer’s promotional expenditure through a cooperative advertising program by reimbursing a portion …
Persistent link: https://www.econbiz.de/10014045898