ISMS Newsletter, Dec 14, 2015 NEWS ITEMS Marketing Science “Accepted from Nov 15 to Dec 14 but not published” papers Call for Nominations ISMS Marketing Science Fellows 2016 ISMS Press Release Rajdeep Grewal Named JMR Editor-in-Chief Designate & Upcoming Conferences Call for Papers 38th ISMS Marketing Science Conference (2016) Shanghai Marketing Science “Accepted but not published” papers Thanks to Marketing Science Editor-in-Chief Preyas Desai, we will be able to update ISMS members each month regarding the “accepted but not published” papers at Marketing Science. Below is the list of papers accepted during the period from Nov 15 to Dec 14, 2015: Accepted 11/28/15 – To Share or Not to Share: Demand Forecast Sharing in a Distribution Channel By: Baojun Jiang, Lin Tian, Yifan Xu, and Fuqiang Zhang Accepted 11/28/15 – Attribution Strategies and Return on Keyword Investment in Paid Search Advertising By: Hongshuang (Alice) Li, Pallassana (P.K.) Kannan, Siva Viswanathan, and Abhishek Pani Accepted 12/5/15 – Do Sympathy Biases Induce Charitable Giving? The Effects of Advertising Content By: K. Sudhir, Subroto Roy, and Mathew Cherian Call for Nominations ISMS Marketing Science Fellows 2016 The ISMS Fellows selection committee would like to solicit nominations for the 2015 ISMS Fellows award. Nominations should be emailed to Brian T. Ratchford (btr051000@utdallas.edu), who is the current chair of the selection committee. Please use the subject heading Fellows Nomination. The deadline for submissions is January 15, 2016. The ISMS Fellow Award recognizes cumulative long term contribution to the mission of ISMS. The mission of ISMS is “…to foster the development, dissemination, and implementation of knowledge, basic and applied research, and science and technologies that improve the understanding and practice of marketing.” While the ISMS Fellow award recognizes past accomplishments and is an honor, it is also meant to encourage responsibility. ISMS Fellows are expected to provide leadership and support for the ISMS community. A nominee for the Fellow Award must have been a full member or retired member of ISMS or the TIMS Marketing College for at least 12 years cumulative. The selection committee will verify this once a person has been nominated. The selection committee will examine four categories when deciding on the awardees. A. Research – Includes impact through quality and quantity of published work in INFORMS journals, and recognition through ISMS/INFORMS awards (e.g., Bass, Little, and other INFORMS awards). B. Education – Includes activities that had significant impact on the growth and development of education such as published books and monographs, and chairing doctoral dissertations. C. Service – Includes significant work over an extended period of time on behalf of ISMS. Examples include senior editorial responsibilities in INFORMS journals (such as Editor-inChief of Marketing Science, marketing departmental editor of Management Science, area editor of Marketing Science) organizing the Marketing Science Conference and other ISMS and INFORMS conferences, and holding office in ISMS and INFORMS. D. Practice – Includes substantial application of OR/MS to significant practical problems within an organization of any type (e.g. academic, for-profit, nonprofit, governmental, military, health care), over an extended period of time, that have had a major impact internal and/or external to the organization. The ISMS Practice Prize and the Edelman Award will be duly recognized. Contributions in all four categories will be evaluated in a compensatory way. Truly outstanding contributions in one category will also suffice. With rare exception, the nominee’s contributions should extend over a period of years and not be limited to a single result. Except for very rare cases, because the award recipient is named an ISMS Fellow, some service to ISMS is a prerequisite for all nominees. Nomination letters should be accompanied by the nominee’s current vita as well as significant detail supporting the nomination. For example, for research this additional information might include indications of impact such as follow-on work, use in doctoral seminars, impact on the practice of marketing, etc. (The committee will do a citation analysis of the publications in the vita.) For education, it would be helpful to list doctoral students as well as any publications that have a strong educational content. For practice it would be useful to get someone within the organization to comment on the impact of the application. Service contributions should be self-evident, but it would still be useful to list them. Please limit the nomination letter to three pages or less. This page constraint does not include the current vita or the supporting information. The 2016 ISMS Marketing Science Fellows will be announced at the 37 th Marketing Science Conference in Shanghai on Friday, June 17, 2016. ____________________________________________________________________________ ISMS FELLOWS Inaugural Fellows 2008 Frank M. Bass John Hauser Gary Lilien John D.C. Little David B. Montgomery Donald Morrison Steven Shugan Richard Staelin Charles Weinberg Russell Winer Fellows 2009 Donald Lehmann Seenu Srinivasan Glen L. Urban Fellows 2010 Josh Eliashberg Dominique Hanssens Roland Rust Fellows 2011 Scott Neslin Gerard Tellis Fellows 2012 Vithala Rao Michel Wedel Fellows 2013 Brian Ratchford Kannan Srinivasan Fellows 2014 Gregory Allenby Chakravarti Narasimhan Fellows 2015 Pradeep Chintagunta ISMS Press Release Small price differences are highly effective in shifting demand from high to low calorie alternatives, new study finds. By Gerard J. Tellis Small price differences at the point of purchase can be highly effective in shifting consumer demand from high to low calorie alternatives, according to a study forthcoming in Marketing Science. Low income consumers, who disproportionately suffer the consequences of obesity, are particularly responsive to such small price differences across products. Such differences are important because they mimic a “fat tax.” The results are based on a large scale field study analyzing six years of sales data from over 1700 supermarkets across the US. The paper titled “Will a Fat Tax Work?” is authored by Professors Romana Khan at Northwestern University, Kanishka Misra at University of Michigan, and Vishal Singh at New York University. The research exploits a peculiar pricing pattern of milk in the US, whereby relative prices for milk across fat content – whole, 2%, 1% and skim – vary depending on where you live and which store you happen to patronize. At some stores, prices are equal across all fat content (e.g. Boston); whilst at others, prices decrease with fat content so that whole milk is most expensive and skim is the cheapest option (e.g., San Diego). “The question that comes to mind is whether these different price structures have an impact on people's choices. To put it simply, do people switch to lower fat milk for a price difference as small as 15 cents per gallon?” said Romana Khan, co-author on the study. “The answer to this question is of interest because it relates to the hotly debated issue of whether a ‘fat’ or ‘sugar’ tax can be an effective mechanism to curb obesity.” The study finds that in markets where milk prices are equal across fat alternatives, people tend to choose whole milk over lower calorie alternatives particularly in low income zip codes: at equal prices across fat content, the market share of whole milk is 52% in lower income areas compared to 25% in higher income areas. What happens in markets where whole milk is priced at a premium? Although the average price difference for a gallon of milk is just 14 cents (5%), it causes a significant shift in market share away from whole milk to lower-fat options. This shift to the lower calorie options is significantly more pronounced in the low-income neighborhoods. Besides income, the analysis accounts for other factors such as the age profile, racial mix, and educational attainment of the local customer base. A critical factor in the analysis is that the prevailing price structure—whether prices across fat content are the same or not — is determined by the chain’s policy at the regional level and does not vary with local demographics or competition. “This provides us with a quasi-experimental setup to analyze how small price differences impact people’s choices,” said Kanishka Misra. “Studies addressing similar questions are often conducted with small, non-representative populations, often university students. What distinguishes our work is the real world field setting covering sales across the US and observed over a long time period — mimicking what a potential ‘fat-tax’ would look like and what the long term consumer choices would be,” added Misra. “Our results have significant implications for health experts and policy makers, since interventions in the form of taxes on high calories foods are highly contentious,” according to Vishal Singh of New York University. “The general perception is that these taxes need to be substantial, at least 20% and often as high as 50%, to have a meaningful impact. This would be highly regressive since low-income consumers spend a greater proportion of their disposable income on food. Here, we have compelling field-based evidence that such taxes don’t need to be high to be effective,” noted Singh. The study finds large shifts in demand toward the lower-calorie option are achieved with a price difference of just 5-10%. Consumers respond to small price incentives; and more importantly, low income consumers who are at higher risk for obesity are particularly responsive The authors also examine the welfare implications of a fat-tax and the inherent trade-offs for different segments of society from such interventions: while there are economic losses from taxes to some segments, the health benefits from shifting to the lower calorie option outweighs these costs. The recommendation of the paper is a selective taxation mechanism designed to induce substitution within a narrowly defined product category (e.g., baked versus fried chips), rather than to discourage consumption of the category as a whole. This has the additional advantage of mitigating the regressive nature of food taxes since some options within a narrowly defined product category can be made less expensive. Importantly, these taxes should be imposed as an excise tax so that they are reflected in the shelf price at the point-of-purchase, rather than imposed as a post-purchase sales tax where they become less salient in the decision process. The authors of the study are members of ISMS, the INFORMS Society for Marketing Science. ISMS is a group of scholars focused on describing, explaining, and predicting market phenomena at the interface of firms and consumers. This press release was prepared by the authors with the assistance of Gerard J. Tellis, VP of External Affairs of ISMS. Rajdeep Grewal Named Journal of Marketing Research Editor-inChief Designate The American Marketing Association is pleased to announce the selection of Dr. Rajdeep Grewal as Editor-in-Chief designate of the Journal of Marketing Research. Dr. Grewal, whose four-year term begins on July 1, 2016, is the Townsend Family Distinguished Professor of Marketing at the University of North Carolina Kenan-Flagler Business School. Dr. Grewal’s research has been published in leading journals including the Journal of Marketing Research, Journal of Marketing, Marketing Science, Management Science, and Strategic Management Journal. He is currently a Co-Editor of the Journal of Marketing Research and an Area Editor for the Journal of Marketing. His research uses quantitative methods to theoretically and empirically examine a variety phenomenon such as social networks and interactions, competitive strategy, and the role of marketing within an organization. Upcoming Conferences Call For Paper Yale Customer Insights Conference Deadline 31 Jan The Yale Center for Customer Insights will hold its 11th annual Customer Insights Conference on May 6-7, 2016 at the Yale School of Management in New Haven, Connecticut. Send abstracts (in PDF format) to ycci@som.yale.edu by January 31, 2016. Abstracts are invited on research pertaining to: Innovations in product design or services Customer experience and branding Digital/Mobile marketing Social Media Customer analytics Behavioral Economics One presenter's registration fee, travel, and two nights of hotel expenses will be paid by Yale University. In Addition to academic speakers, the program will include leading practitioners in marketing, insights, innovation, and design across various industries. The conference will begin with a reception on Thursday evening, May 5th, and will end midday on Saturday, May 7th. SUBMISSION REQUIREMENTS All empirical papers (behavioral, quantitative, and managerial) are encouraged for all tracks. Submitted abstracts should be one to two pages in length, and double-sided in .pdf format. Include the title of the paper, names, affiliations, and email addresses of each author. Due to the volume of submissions, we cannot accept papers authored/presented by doctoral students. Please specify who will be presenting at the conference. More information can be found here. Abstracts (in .pdf format) should be sent to ycci@som.yale.edu by January 31, 2016. REVIEW COMMITTEE Vineet Kumar, Nathan Novemsky, Jiwoong Shin, Taly Reich, and Subrata Sen (Yale School of Management) Call for Papers INFORMS SOCIETY FOR MARKETING SCIENCE (ISMS) 38th ISMS Marketing Science Conference (2016) Shanghai International Convention Center & Oriental Riverside Hotel http://www.fdsm.fudan.edu.cn/marketingscience2016/ Hosted by: Fudan University School of Management Organizing Committee: Xiongwen Lu (co-chair), Min Ding (co-chair), Qingyun Jiang, Yimin Sun The ISMS Marketing Science Conference is an annual event that brings together leading marketing scholars, practitioners and policy makers with a shared interest in rigorous scientific research on marketing problems. The conference falls under the auspices of the INFORMS Society for Marketing Science (ISMS) sub-branch. The Fudan University School of Management faculty invites you to submit abstracts of your research papers, present your work, and actively participate in the conference, which is an important forum for presenting cutting-edge research and intellectual exchange on marketing problems. The conference begins at 8:00 a.m. on Thursday, June 16, 2016, and closes at 3:00 p.m. on Saturday, June 18, 2016. Multiple concurrent sessions are planned during the conference days. The evenings will involve a welcome reception on Thursday (June 16) and a Gala Dinner (and performance) on Friday (June 17) at the Shanghai International Convention Center & Oriental Riverside Hotel. The conference will be held at the Shanghai International Convention Center & Oriental Riverside Hotel, located in the center of the financial district, right across the Huangpu River from the famous Bund area. Please see the short video produced to introduce you to the conference and venue on YouTube: https://www.youtube.com/watch?v=WzJVUlyYL6I (or if you can not access YouTube, here is an alternative link: http://v.youku.com/v_show/id_XMTMxNTIzMjA2NA==.html?from=y1.7-1.2) We welcome submissions addressing a broad range of marketing science topics from both theoretical and empirical perspectives. Whereas traditional topics are welcome as always, we particularly encourage submissions addressing research at the interface of marketing with other disciplines (e.g., computer science, operations, innovation and entrepreneurship). We also encourage research that addresses marketing applications in areas of substantial impact to practice (broadly defined), in all parts of the world. Conference Submissions Submissions will be accepted in one of three categories (1) Abstracts only; (2) Abstracts plus working paper; and (3) Special Session proposals. Abstract Only Submissions Abstracts should not exceed 1800 characters (about 250 words), and should clearly define the marketing topic, the contribution of the research, and indicate the presenting author. An author may be the primary presenter for only a single paper during the entire conference. However, you may be a co-author on other contributed abstracts. As the presenting author, you are responsible for making the formal presentation of the work at the meeting. We encourage your co-authors to attend the meeting as well as the presentation. Abstract-only submissions may be made starting December 1, 2015 until February 5, 2016. Only one submission per presenter will be accepted. Abstracts will be reviewed and acceptance e-mails will be sent to presenting authors on March 1, 2016. Conference registration will open on December 1, 2015. The presenting author of an accepted abstract must register for the conference and pay the registration fee no later than March 13, 2016. Before proceeding to submission, please make sure you have the following information ready: Contact information for yourself and any co-authors (full name, affiliation, e-mail address and mailing address. Paper title and abstract Your submission will not be accepted without the required information. Please also note: Your e-mail address is the key for entry into the system and is used to avoid scheduling conflicts. It is critical that you use only one e-mail address if you enter multiple submissions. You will receive an e-mail confirming that we received your online submission. Use the COMMENTS field for any requests (e.g., if you need an acceptance letter for budgetary reasons or to apply for a visa, or if you have scheduling requests). After submission, you may return to your abstract to make changes or additions. To submit your abstract at the conference website please click below: http://www.fdsm.fudan.edu.cn/marketingscience2016/ Abstract-Plus-Working-Paper Submissions This category was introduced in 2014. Given the positive response, we will continue with it in 2016. Here, the authors may submit not only an abstract (see above) but also upload an associated working paper. Working papers will be available to conference attendees via the online schedule when it is published. Authors may update the working paper at any time prior to the conference so that readers have the most current version. Presentations scheduled in the “Abstract-Plus-Working Paper” category will have 40 minutes (twice the time for a typical presentation slot) to allow time for detailed questions and comments. Capacity limitations limit the number of available presentation slots in this category. Available slots will be allocated to presenters on a “first-come first-served” basis by submission date. Submissions not receiving the available slots will be re-classified into the Abstract-only category. Abstract-Plus-Working-Paper submissions may be made starting December 1, 2015 until February 5, 2016. Presenting authors will be notified of acceptance by March 1, 2016. Conference registration will open on December 1, 2015. The presenting author of an abstract-plus working paper submission must register for the conference no later than March 13, 2016. Before proceeding to submission, please make sure you have the following information ready: Contact information for yourself and any co-authors (full name, affiliation, e-mail address and mailing address. Paper title and abstract Copy of working paper Your submission will not be accepted without the required information. Please also note: Your e-mail address is the key for entry into the system and is used to avoid scheduling conflicts. It is critical that you use only one e-mail address if you enter multiple submissions. You will receive an e-mail confirming that we received your online submission. Please upload your working paper in the space allocated for an Extended Abstract. Use the COMMENTS field for any requests (e.g., if you need an acceptance letter for budgetary reasons or to apply for a visa, or if you have scheduling requests). After submission, you may return to your abstract to make changes or additions. To submit your abstract-plus-working-paper at the conference website please click below: http://www.fdsm.fudan.edu.cn/marketingscience2016/ Special Session Proposal Submissions Participants are strongly encouraged to organize their own special sessions. This would enable a set of papers on a related topic to be readily presented in one session. Special session proposals should include: Title of session; Name, organization and e-mail address of the session chair; Statement summarizing the session’s theme (no more than 500 words) Contact information for all the authors. Each session proposal should include 4- 5 abstracts. Each abstract included in the proposal should not exceed 1800 characters (about 250 words) and should clearly define the marketing topic, the contribution of the research, and indicate the presenting author. An author may be the primary presenter for only a single paper during the entire conference. However, you may be a co-author on other contributed abstracts. As the presenting author, you are responsible for making the formal presentation of the work at the meeting. We encourage your co-authors to attend the meeting as well as the presentation. To submit your special session proposal, please e-mail the session proposal document consisting of the items above to Ellen Tralongo (Ellen.Tralongo@INFORMS.org). Ellen will respond to your e-mail with an invitation that contains instructions to upload session information. Once these proposals have been uploaded, they will be reviewed by the Program Committee. The number of available presentation slots in category is limited. Available slots will be allocated to qualifying proposals on a “first-come, firstserved” basis by submission date. Abstracts from those submissions that cannot be accommodated in this category will be re-classified as Abstract-only submissions. Special session proposal submissions may be made starting December 1, 2015 until January 20, 2016. Presenting authors will be notified of acceptance by February 5, 2016. Conference registration will open on December 1, 2015. All presenting authors of an accepted special session proposal must register for the conference no later than March 13, 2016. ISMS Doctoral Consortium The ISMS Doctoral Consortium will precede the main conference on Wednesday, June 15, 2016. Detailed information on the consortium (timing, registration process and lodging information) is available on the conference website. Although formal registration for the consortium will open on December 1, 2015, individuals interested in participating in the doctoral consortium should check the conference website for details. Overview of Deadlines December 11, 2015 Submissions open for abstract, abstract plus working paper and Special Session proposals December 11, 2015 Conference Registration opens January 20, 2016 Last Date for submitting Special Session proposals February 5, 2016 Acceptance Notification for Special Session proposals February 5, 2016 Last date for submitting abstracts and abstract plus working paper March 1, 2016 Acceptance Notification for abstracts/abstracts plus working paper March 13, 2016 Last date for presenter registration and Early Registration Rate March 31, 2016 Last date for Hotel Guaranteed Conference Rate May 1, 2016 Online post of Presentation Schedule June 15, 2016 ISMS Doctoral Consortium Date June 16-18, 2016 Conference Contacts For questions about the program or technology problems, please contact: By e-mail: Ellen.Tralongo@INFORMS.org; By telephone: 1-800-4INFORMS or 1-44-757-3500 ext. 592 Be sure to spell your last name and leave your phone number and message very clearly. For questions about staying and traveling in Shanghai and China, please contact Icey Han at hanbing@fudan.edu.cn For questions about the conference in general, please contact Min Ding at minding@psu.edu. To stop receiving emails from this community, please email to Xueming.Luo@temple.edu Vice President of E-Communications ISMS Charles Gilliland Distinguished Chair Professor of Marketing Professor of Strategy and Professor of MIS Founder/Director of Global Center for Big Data in Mobile Analytics www.fox.temple.edu/gbm Fox School of Business, Temple University, Philadelphia, PA 19122 http://www.fox.temple.edu/mcm_people/xueming-luo/