Ebook: Dynamic Models of Advertising Competition

I am gratified that there is sufficient interest in the subject matter so as to support the offering of a second edition of this monograph. The of differential games dynamic interpretation and game theoretic foundation form a powerful and vital methodology for helping us study and understand marketing competition. This second edition offers a blend of what proved to be successful with the first edition and new material. The first two chapters, reviewing empirical and modeling research, have been updated to include contributions in the last decade that have advanced the area. I have not changed the essential content in the duopoly analyses in chapters 3, 4, and 5. A notable addition to the present edition are the new chapters, 6, 7, and 8, which offer analysis of three triopoly models. In the final chapter, I offer my summary view of the area and hope for continued contributions. I want to express my appreciation for the support of Josh Eliashberg, editor of the International Series in Quantitative Marketing, as well as Zachary Rolnik, Director, and David Cella, Publishing Editor, of Kluwer. Their encouragement has provided crucial motivation in this endeavor.

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The dynamic modeling and analysis of advertising competition continues to be a topic of importance to scholars and practitioners. The second edition of Dynamic Models Of Advertising Competition reviews empirical and analytical research on the topic and extends the research through analytical and numerical investigation.
Three types of model frameworks - Lanchester, Vidale-Wolfe, and diffusion - are combined with two different approaches to developing competitive advertising strategies - perfect equilibria and dynamic conjectural variations - in the analysis of duopoly and triopoly competition. Advertising strategies developed with the different approaches are compared and contrasted to open-loop strategies.

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The dynamic modeling and analysis of advertising competition continues to be a topic of importance to scholars and practitioners. The second edition of Dynamic Models Of Advertising Competition reviews empirical and analytical research on the topic and extends the research through analytical and numerical investigation.
Three types of model frameworks - Lanchester, Vidale-Wolfe, and diffusion - are combined with two different approaches to developing competitive advertising strategies - perfect equilibria and dynamic conjectural variations - in the analysis of duopoly and triopoly competition. Advertising strategies developed with the different approaches are compared and contrasted to open-loop strategies.
Content:
Front Matter....Pages i-vii
Advertising and Competition....Pages 1-6
Analytical Models and Strategy Concepts....Pages 7-36
Analysis of a Lanchester Duopoly....Pages 37-62
Analysis of a Vidale-Wolfe Duopoly....Pages 63-82
Analysis of a Diffusion Duopoly....Pages 83-96
Analysis of a Lanchester Triopoly....Pages 97-112
Analysis of a Vidale-Wolfe Triopoly....Pages 113-122
Analysis of a Diffusion Triopoly....Pages 123-134
Summary and Final Considerations....Pages 135-137
Back Matter....Pages 139-147

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The dynamic modeling and analysis of advertising competition continues to be a topic of importance to scholars and practitioners. The second edition of Dynamic Models Of Advertising Competition reviews empirical and analytical research on the topic and extends the research through analytical and numerical investigation.
Three types of model frameworks - Lanchester, Vidale-Wolfe, and diffusion - are combined with two different approaches to developing competitive advertising strategies - perfect equilibria and dynamic conjectural variations - in the analysis of duopoly and triopoly competition. Advertising strategies developed with the different approaches are compared and contrasted to open-loop strategies.
Content:
Front Matter....Pages i-vii
Advertising and Competition....Pages 1-6
Analytical Models and Strategy Concepts....Pages 7-36
Analysis of a Lanchester Duopoly....Pages 37-62
Analysis of a Vidale-Wolfe Duopoly....Pages 63-82
Analysis of a Diffusion Duopoly....Pages 83-96
Analysis of a Lanchester Triopoly....Pages 97-112
Analysis of a Vidale-Wolfe Triopoly....Pages 113-122
Analysis of a Diffusion Triopoly....Pages 123-134
Summary and Final Considerations....Pages 135-137
Back Matter....Pages 139-147
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