| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7290 |
| DP7290 The Evolution of Markets and the Revolution of Industry: A Quantitative Model of England's Development, 1300-2000 | |
| Stephen Parente; Klaus Desmet | |
| 发表日期 | 2009-05-03 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Limited consumer attention limits product market competition: prices are stochastically lower the more attention is paid. Ads compete to be the lowest price with other ads from the same sector and they compete for attention with ads from other sectors: equilibrium sector ad shares under free entry follow a CES form. When a sector gets more attractive, its advertising expands: others lose ad market share but may increase in absolute terms if sufficiently attractive. The "information hump" shows highest ad levels for intermediate attention levels when there is a decent enough chance of getting the message across and also of not being undercut by a cheaper offer. The Information Age takes off when the number of sectors grows, but total ad volume reaches an upper limit. Overall, advertising is excessive, though the allocation across sectors is optimal. Nonetheless, both large sectors and small ones can be blamed for misallocation of ads in using up scarce attention. |
| 主题 | Industrial Organization |
| 关键词 | Economics of attention Information age Price dispersion Advertising distribution Consumer attention Information filtering Size distribution of firms |
| URL | https://cepr.org/publications/dp7290 |
| 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/536127 |
| 推荐引用方式 GB/T 7714 | Stephen Parente,Klaus Desmet. DP7290 The Evolution of Markets and the Revolution of Industry: A Quantitative Model of England's Development, 1300-2000. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Stephen Parente]的文章 |
| [Klaus Desmet]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Stephen Parente]的文章 |
| [Klaus Desmet]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Stephen Parente]的文章 |
| [Klaus Desmet]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
