Matches in SemOpenAlex for { <https://semopenalex.org/work/W2118059401> ?p ?o ?g. }
- W2118059401 endingPage "770" @default.
- W2118059401 startingPage "756" @default.
- W2118059401 abstract "This paper asks whether brand extension can serve as a signal of product quality given that it costs less than a new brand. (Existing literature has assumed either that brand extension is cost-neutral or that it costs more.) I show that it can as a perfect Bayesian equilibrium, but the argument is unconvincing. For one thing, the separating equilibrium is not unique; a pooling equilibrium also exists in which brand extension signals nothing. For another, the separating equilibrium relies on off-equilibrium beliefs that are poorly motivated in the model. I propose a refinement of the perfect Bayesian equilibrium that resolves both issues. Empirical off-equilibrium beliefs require that consumers' off-equilibrium beliefs be justifiable on the basis of their prior beliefs and product performance observations. With empirical off-equilibrium beliefs, two necessary conditions for brand extension to signal product quality are identified: (i) consumers must perceive old and new products of the firm to be positively correlated in quality, and (ii) at least some consumers must identify with brands and not the firm behind the brands. Even with these conditions in place, the signaling argument is fragile: firm observability of past performance diminishes brand extension's signaling capability; an arbitrarily small probability of failure for good products eliminates it. My results suggest that, going forward, the case for brand extension must rest on foundations other than signaling product quality." @default.
- W2118059401 created "2016-06-24" @default.
- W2118059401 creator A5003196020 @default.
- W2118059401 date "2012-09-01" @default.
- W2118059401 modified "2023-10-01" @default.
- W2118059401 title "Can Brand Extension Signal Product Quality?" @default.
- W2118059401 cites W1984910517 @default.
- W2118059401 cites W2002707266 @default.
- W2118059401 cites W2007098372 @default.
- W2118059401 cites W2014577932 @default.
- W2118059401 cites W2017014894 @default.
- W2118059401 cites W2042124431 @default.
- W2118059401 cites W2060054052 @default.
- W2118059401 cites W2063169022 @default.
- W2118059401 cites W2064062304 @default.
- W2118059401 cites W2067442402 @default.
- W2118059401 cites W2114407462 @default.
- W2118059401 cites W2118867168 @default.
- W2118059401 cites W2327973342 @default.
- W2118059401 cites W3023357629 @default.
- W2118059401 cites W3124548692 @default.
- W2118059401 cites W3126075082 @default.
- W2118059401 cites W4236313314 @default.
- W2118059401 doi "https://doi.org/10.1287/mksc.1120.0723" @default.
- W2118059401 hasPublicationYear "2012" @default.
- W2118059401 type Work @default.
- W2118059401 sameAs 2118059401 @default.
- W2118059401 citedByCount "44" @default.
- W2118059401 countsByYear W21180594012012 @default.
- W2118059401 countsByYear W21180594012013 @default.
- W2118059401 countsByYear W21180594012014 @default.
- W2118059401 countsByYear W21180594012015 @default.
- W2118059401 countsByYear W21180594012016 @default.
- W2118059401 countsByYear W21180594012017 @default.
- W2118059401 countsByYear W21180594012018 @default.
- W2118059401 countsByYear W21180594012019 @default.
- W2118059401 countsByYear W21180594012020 @default.
- W2118059401 countsByYear W21180594012021 @default.
- W2118059401 countsByYear W21180594012022 @default.
- W2118059401 countsByYear W21180594012023 @default.
- W2118059401 crossrefType "journal-article" @default.
- W2118059401 hasAuthorship W2118059401A5003196020 @default.
- W2118059401 hasBestOaLocation W21180594012 @default.
- W2118059401 hasConcept C111472728 @default.
- W2118059401 hasConcept C138885662 @default.
- W2118059401 hasConcept C144133560 @default.
- W2118059401 hasConcept C144237770 @default.
- W2118059401 hasConcept C149782125 @default.
- W2118059401 hasConcept C152455256 @default.
- W2118059401 hasConcept C154945302 @default.
- W2118059401 hasConcept C162324750 @default.
- W2118059401 hasConcept C162853370 @default.
- W2118059401 hasConcept C175444787 @default.
- W2118059401 hasConcept C177142836 @default.
- W2118059401 hasConcept C185592680 @default.
- W2118059401 hasConcept C199360897 @default.
- W2118059401 hasConcept C200594392 @default.
- W2118059401 hasConcept C202556891 @default.
- W2118059401 hasConcept C2524010 @default.
- W2118059401 hasConcept C2778029271 @default.
- W2118059401 hasConcept C2779530757 @default.
- W2118059401 hasConcept C28826006 @default.
- W2118059401 hasConcept C33923547 @default.
- W2118059401 hasConcept C36299963 @default.
- W2118059401 hasConcept C41008148 @default.
- W2118059401 hasConcept C55493867 @default.
- W2118059401 hasConcept C70437156 @default.
- W2118059401 hasConcept C71508700 @default.
- W2118059401 hasConcept C90673727 @default.
- W2118059401 hasConcept C98184364 @default.
- W2118059401 hasConceptScore W2118059401C111472728 @default.
- W2118059401 hasConceptScore W2118059401C138885662 @default.
- W2118059401 hasConceptScore W2118059401C144133560 @default.
- W2118059401 hasConceptScore W2118059401C144237770 @default.
- W2118059401 hasConceptScore W2118059401C149782125 @default.
- W2118059401 hasConceptScore W2118059401C152455256 @default.
- W2118059401 hasConceptScore W2118059401C154945302 @default.
- W2118059401 hasConceptScore W2118059401C162324750 @default.
- W2118059401 hasConceptScore W2118059401C162853370 @default.
- W2118059401 hasConceptScore W2118059401C175444787 @default.
- W2118059401 hasConceptScore W2118059401C177142836 @default.
- W2118059401 hasConceptScore W2118059401C185592680 @default.
- W2118059401 hasConceptScore W2118059401C199360897 @default.
- W2118059401 hasConceptScore W2118059401C200594392 @default.
- W2118059401 hasConceptScore W2118059401C202556891 @default.
- W2118059401 hasConceptScore W2118059401C2524010 @default.
- W2118059401 hasConceptScore W2118059401C2778029271 @default.
- W2118059401 hasConceptScore W2118059401C2779530757 @default.
- W2118059401 hasConceptScore W2118059401C28826006 @default.
- W2118059401 hasConceptScore W2118059401C33923547 @default.
- W2118059401 hasConceptScore W2118059401C36299963 @default.
- W2118059401 hasConceptScore W2118059401C41008148 @default.
- W2118059401 hasConceptScore W2118059401C55493867 @default.
- W2118059401 hasConceptScore W2118059401C70437156 @default.
- W2118059401 hasConceptScore W2118059401C71508700 @default.
- W2118059401 hasConceptScore W2118059401C90673727 @default.
- W2118059401 hasConceptScore W2118059401C98184364 @default.
- W2118059401 hasIssue "5" @default.