The Formation of Consumer Brand Preferences
Bart Bronnenberg and
No 11648, CEPR Discussion Papers from C.E.P.R. Discussion Papers
Brands and brand capital have long been theorized to play an important role in the formation of the industrial market structure of consumer goods industries. We summarize several striking empirical regularities in the concentration, magnitude and persistence of brand market shares in consumer goods categories. We then survey the theoretical and empirical literatures on the formation of brand preferences and how brand preferences contribute to our understanding of these empirical regularities. We also review the literature on how brand capital creates strategic advantages to firms that own established brands.
JEL-codes: L11 L15 M31 M37 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-ind, nep-ipr and nep-mkt
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