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- W2236204538 abstract "Consumers may observe previous consumers’ choices. They may follow their choices if they think these consumers are better informed. In turn, firms may concentrate on influencing the early consumers. This, in turn, changes the nature of early consumers’ choice behavior as a signal for other consumers. In this paper, I show that firms’ influence activities need not distort earlier consumers’ decisions, but may reduce the informative value of these decisions for other consumers if influence activities are noisy or if some firms have deep pockets and others are liquidity constrained." @default.
- W2236204538 created "2016-06-24" @default.
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- W2236204538 date "2003-01-01" @default.
- W2236204538 modified "2023-09-27" @default.
- W2236204538 title "Opinion leaders, influence activities and leadership rents [Konsumentenbeeinflussung und die Konsumentenrenten von Meinungsführern bei Produktinnovationen]" @default.
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