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A Robust Share-of-Choice Model

Author

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  • Francesco Moresino

    (Geneva School of Business Administration, University of Applied Sciences Western Switzerland (HES-SO Genève), 1227 Carouge, Switzerland)

Abstract

In this paper, we propose an approach to take into account, in a robust way, part-worth uncertainty in a share-of-choice (SOC) model. More precisely, we extend the method proposed by Wang and Curry by endogenously including competition. Indeed in their approach, competition is described exogenously and the model cannot take into account part-worth uncertainty for the competition’s products. Our extension permits us to take into account all effects of part-worth uncertainty, even those relative to the competition, and therefore improve substantially Wang and Curry’s approach.

Suggested Citation

  • Francesco Moresino, 2021. "A Robust Share-of-Choice Model," Mathematics, MDPI, vol. 9(3), pages 1-10, February.
    • Handle: RePEc:gam:jmathe:v:9:y:2021:i:3:p:288-:d:490951
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    References listed on IDEAS

    as
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