کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1137627 1489188 2008 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Voting with your pocketbook — a stochastic model of consumer boycotts
موضوعات مرتبط
مهندسی و علوم پایه سایر رشته های مهندسی کنترل و سیستم های مهندسی
پیش نمایش صفحه اول مقاله
Voting with your pocketbook — a stochastic model of consumer boycotts
چکیده انگلیسی

This paper presents a model of consumer boycotts where the discrete choices of concerned consumers are represented as stochastic processes. Boycotts are interpreted as a form of voting where consumers are trying to shape the behavior of firms. We solve for the limiting distribution of the process and analyze its properties. We then discuss how the model relates to standard game-theoretic approaches to the same phenomenon and show that our model selects one of the many solutions of the corresponding game-theoretic treatment. The type of solution selected depends on the costs and benefits of boycotts to consumers. Specifically, boycotts will occur if and only if they are efficient for consumers.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Mathematical and Computer Modelling - Volume 48, Issues 9–10, November 2008, Pages 1497–1509
نویسندگان
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