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Abstract

We used scanner data to test whether two competitive commodities respond symmetrically by volume to price changes. Our results indicate that consumers of the most expensive good Coca-Cola respond quite symmetrically when prices go either up or down. In contrast, consumers of the less expensive good Pepsi-Cola respond quite asymmetrically. We also introduce the substitution effect in ARDL asymmetric modelling as scanner data permits, showing that most previous asymmetric models using this technique experience omitted variables since this parameter is excluded.



Item Type: MPRA Paper -

Original Title: Modelling asymmetric consumer demand response: Evidence from scanner data-

Language: English-

Keywords: Scanner data, Asymmetric consumer demand, Autoregressive-

Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: GeneralC - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - GeneralD - Microeconomics > D0 - GeneralD - Microeconomics > D0 - General > D00 - GeneralM - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M3 - Marketing and Advertising-





Autor: Vespignani, Joaquin L.

Fuente: https://mpra.ub.uni-muenchen.de/55601/







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