Estimating the Georgraphic Diffusion of the Videocassette Recorder Market

Yu-Min Chen and Hirokazu Takada

Empirical Economics, 1994, vol. 19, issue 3, 72 pages

Abstract: The majority of studies concerning diffusion or product growth of consumer durables have treated the U.S. market as a whole and have applied the diffusion model on the assumption that the market exhibits a homogeneous response in its diffusion process. If the market is heterogeneous, however, an aggregate model entails a misspecification problem which could adversely affect the applicability and efficiency of the model. A modeling framework is developed for analyzing the diffusion process in a possibly heterogeneous market. Empirical analysis using data on the videocassette recorder (VCR) market reveals that the modeling framework captures to a fair extent heterogeneous diffusion processes across different regions in the U.S. market. Managerial implications are derived and discussed.

Date: 1994
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:empeco:v:19:y:1994:i:3:p:451-72

Ordering information: This journal article can be ordered from
http://www.springer. ... rics/journal/181/PS2

Access Statistics for this article

Empirical Economics is currently edited by Robert M. Kunst, Arthur H.O. van Soest, Bertrand Candelon, Subal C. Kumbhakar and Joakim Westerlund

More articles in Empirical Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().