| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13283 |
| DP13283 Consumer Misinformation and the Brand Premium: A Private Label Blind Taste Test | |
| Bart Bronnenberg; Jean-Pierre Dube | |
| 发表日期 | 2018-10-29 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We run in-store blind taste tests with a retailer's private label food brands and the leading national brand counterparts in three large CPG categories. In a survey administered during the taste test, subjects self-report very high expectations about the quality of the private labels relative to national brands. However, they predict a relatively low probability of choosing them in a blind taste test. Surprisingly however, an overwhelming majority systematically chooses the private label in the blinded test. During the week after the intervention, the tested private label product market shares increase by 15 share points, on top of a base share of 8 share points. However, the effect diminishes to 8 share points during the second to fourth week after the test and to 2 share points during the second to fifth month after the test. Using a structural model of demand, we show these effects survive controls for point-of-purchase prices, purchase incidence, and the feedback effects of brand loyalty. We also find that the intervention increases the preference for the private label brands, and that it decreases the preference for the national brands, relative to the outside good. The findings are consistent with a treatment effect of information on demand where the memory for this information decays slowly over time. Alternative explanations to the information treatment are ruled out. |
| 主题 | Industrial Organization |
| 关键词 | Private label Consumer information Brands and branding Market structure |
| URL | https://cepr.org/publications/dp13283 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542093 |
| 推荐引用方式 GB/T 7714 | Bart Bronnenberg,Jean-Pierre Dube. DP13283 Consumer Misinformation and the Brand Premium: A Private Label Blind Taste Test. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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