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Marketing modeling reality and the realities of marketing modeling

Author: Padmanabhan, V. ; Coughlan, Anne T. ; Choi, S. Chan ; Chu, Wujin ; Ingene, Charles A ; Moorthy, Sridhar ; Soberman, David A. ; Staelin, Richard ; Zhang, Z. John ; Raju, Jagmohan S.INSEAD Area: MarketingIn: Marketing Letters, vol. 21, no. 3, September 2010 Language: EnglishDescription: p. 317-333.Type of document: INSEAD ArticleNote: Please ask us for this itemAbstract: This paper shows how analytic modeling research in the Marketing field is focused on answering questions of "How?" and "Why?" It describes the disciplines involved in analytic modeling; examines how the key criteria of parsimony and robustness help to define a good model; and discusses other goodness criteria, including appropriate use of analytic techniques, applicability of the model to institutionally rich, real-world problems, non-obvious results, generalizability, and ability to provide insight where other research techniques do not work. The paper defines and discusses key concepts in analytic models of distribution channels, including double marginalization, coordination, incentive alignment and contract design, strategic substitutability and complementarity, externalities, and principal-agent problems. Next, the paper summarizes research presented in the session on analytic models in channels at the Erin Anderson conference; and finally, the paper suggests avenues for future analytic modeling research.
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INSEAD Article Europe Campus
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This paper shows how analytic modeling research in the Marketing field is focused on answering questions of "How?" and "Why?" It describes the disciplines involved in analytic modeling; examines how the key criteria of parsimony and robustness help to define a good model; and discusses other goodness criteria, including appropriate use of analytic techniques, applicability of the model to institutionally rich, real-world problems, non-obvious results, generalizability, and ability to provide insight where other research techniques do not
work. The paper defines and discusses key concepts in analytic models of distribution channels, including double marginalization, coordination, incentive alignment and contract design, strategic substitutability and complementarity, externalities, and principal-agent problems. Next, the paper summarizes research presented in the session on analytic models in channels at the Erin Anderson conference; and finally, the paper suggests avenues for future analytic modeling research.

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