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Essays on Consumer Heterogeneity and...
~
Zhang, Chengjun.
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Essays on Consumer Heterogeneity and Personalized Discounts in an Online Market.
Record Type:
Electronic resources : Monograph/item
Title/Author:
Essays on Consumer Heterogeneity and Personalized Discounts in an Online Market./
Author:
Zhang, Chengjun.
Published:
Ann Arbor : ProQuest Dissertations & Theses, : 2024,
Description:
111 p.
Notes:
Source: Dissertations Abstracts International, Volume: 85-11, Section: B.
Contained By:
Dissertations Abstracts International85-11B.
Subject:
Home economics. -
Online resource:
https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=31149217
ISBN:
9798382741529
Essays on Consumer Heterogeneity and Personalized Discounts in an Online Market.
Zhang, Chengjun.
Essays on Consumer Heterogeneity and Personalized Discounts in an Online Market.
- Ann Arbor : ProQuest Dissertations & Theses, 2024 - 111 p.
Source: Dissertations Abstracts International, Volume: 85-11, Section: B.
Thesis (Ph.D.)--Georgetown University, 2024.
This thesis delves into consumer heterogeneity in an online marketplace from an empirical lens on business practices. Furthermore, it evaluates the welfare consequences of employing personalized discounts as a strategic marketing approach. The first chapter utilizes comprehensive consumer clickstream data to construct and refine demand models for smartphones on an e-commerce platform. The narrative unfolds through the exploration of increasing levels of consumer heterogeneity, built upon the conditional logit framework. The last model directly leverages consumer historical clickstreams with a recurrent neural network (RNN), offering detailed individual-level preferences and realistic product substitution patterns. This model excels by outperforming other models in both in-sample and out-of-sample fit.The second chapter, building upon the demand model established in the first, conducts a counterfactual analysis that enables the issuance of personalized discounts tailored to individual consumer preference parameters. Using a numerically stable algorithm, this chapter presents empirical evidence that highlights the welfare implications. The findings illuminate a mutually beneficial scenario for firm profitability and consumer welfare, in conditional expected terms.
ISBN: 9798382741529Subjects--Topical Terms:
551902
Home economics.
Subjects--Index Terms:
Consumer clickstream
Essays on Consumer Heterogeneity and Personalized Discounts in an Online Market.
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111 p.
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Source: Dissertations Abstracts International, Volume: 85-11, Section: B.
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Advisor: Rust, John.
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This thesis delves into consumer heterogeneity in an online marketplace from an empirical lens on business practices. Furthermore, it evaluates the welfare consequences of employing personalized discounts as a strategic marketing approach. The first chapter utilizes comprehensive consumer clickstream data to construct and refine demand models for smartphones on an e-commerce platform. The narrative unfolds through the exploration of increasing levels of consumer heterogeneity, built upon the conditional logit framework. The last model directly leverages consumer historical clickstreams with a recurrent neural network (RNN), offering detailed individual-level preferences and realistic product substitution patterns. This model excels by outperforming other models in both in-sample and out-of-sample fit.The second chapter, building upon the demand model established in the first, conducts a counterfactual analysis that enables the issuance of personalized discounts tailored to individual consumer preference parameters. Using a numerically stable algorithm, this chapter presents empirical evidence that highlights the welfare implications. The findings illuminate a mutually beneficial scenario for firm profitability and consumer welfare, in conditional expected terms.
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https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=31149217
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