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Here is the definitive account of consumers' repeat-buying and brand-name decisions. First published in 1971 and long unavailable, this work provides systematic observations that still hold true today. The empirical patterns of buyer behavior and the statistical models describing thesepatterns have not changed in the last 15 years. Consumer choices remain regular and predictable, with the market share of individual brands playing a key role that supersedes external factors such as advertising, pricing and distribution. A new chapter covers the comprehensive theory offered by themore recently developed Dirichlet model. Marketing practitioners, economists and sociologists dealing with the consumer, and students in these areas, will gain tremendous insight into trends of consumer buying.
This work investigates the underlying statistical regularities and empirical patterns that govern consumer repeat-buying behavior and brand-name decision-making. A.S.C. Ehrenberg, a prominent researcher in marketing science, utilizes extensive empirical data to argue that consumer choices are inherently predictable. By focusing on market share as the primary driver of brand performance, the author challenges the assumption that external variables like advertising or pricing are the sole determinants of purchase frequency. The text provides a rigorous framework for understanding how these patterns persist over time.
What You Will Find
Experts and academics recognize this text as a foundational contribution to the field of marketing science and consumer behavior research. Readers frequently note the technical density of the prose, which serves as a rigorous reference for professionals and students analyzing market trends.
Page Count:
400
Publication Date:
1988-05-26
Publisher:
Oxford University Press
ISBN-10:
0195206347
ISBN-13:
9780195206340
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