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Setiadi Umar
Rutgers University
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#1Goksel Yalcinkaya (UNH: University of New Hampshire)H-Index: 11
#2Tevfik Aktekin (UNH: University of New Hampshire)H-Index: 8
Last.Setiadi Umar (RU: Rutgers University)H-Index: 1
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In this paper, we develop and estimate a series of Bayesian generalized gamma family and mixture family models of product modification timing that take into account both firm- and industry-specific effects that are time varying. Our models are capable of capturing non-standard modification behavior such as multi-modality and non-monotonicity in the hazard rates motivated by real data. Additionally, we explore the existence of latent groups with respect to product modification timing strategies. ...
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