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D.Ackerberg International Economic Review. 2003. Vol. 44. No. 3. P. 1007-1040.
This article empirically analyzes different effects of advertising in a nondurable, experience good market. A dynamic learning model of consumer behavior is presented in which I allow both “informative” effects of advertising and “prestige” or “image” effects of advertising. This learning model is estimated using consumer level panel data tracking grocery purchases and advertising exposures over time. Empirical results suggest that in this market, advertising's primary effect was that of informing consumers. The estimates are used to quantify the value of this information to consumers and evaluate the welfare implications of an alternative advertising regulatory regime. См. также:
Публикации с ключевыми словами: dynamic model - applied econometrics - learning model - advertising Публикации со словами в тексте: dynamic model - applied econometrics - learning model - advertising |
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