| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2846 |
| DP2846 Are Non-Fundamental Equilibria Learnable in Models of Monetary Policy? | |
| Seppo Honkapohja; Kaushik Mitra | |
| 发表日期 | 2001-06-18 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper focuses on a single simple stylized fact which stands out from the post-war history of the US Car industry, namely that industry concentration fell just at the same time as industry advertising expenditures rose sharply. Since both events were almost certainly caused by the entry and market penetration of (largely) foreign owned car producers, this stylized fact raises interesting questions about whether ? and if so, how advertising affects entry. We use a model of consumer switching behaviour to help interpret the facts. The model predicts a simple linear association between market and advertising shares (which we observe fairly clearly at two different levels of aggregation in the data), and provides the basis for arguing that advertising can facilitate entry, but only for finite periods of time. |
| 主题 | Industrial Organization |
| 关键词 | Advertising Entry Us car industry |
| URL | https://cepr.org/publications/dp2846 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531890 |
| 推荐引用方式 GB/T 7714 | Seppo Honkapohja,Kaushik Mitra. DP2846 Are Non-Fundamental Equilibria Learnable in Models of Monetary Policy?. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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