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来源类型Working Paper
规范类型报告
DOI10.3386/w8624
来源IDWorking Paper 8624
Intermedia Substitutability and Market Demand by National Advertisers
Alvin J. Silk; Lisa R. Klein; Ernst R. Berndt
发表日期2001-12-01
出版年2001
语种英语
摘要We assess substitutable and complementary relationships among eight national advertising media classes, as well as the magnitude of their own-price elasticities. We use a translog demand model, whose parameters we estimate by three-stage least squares, based on 1960-94 annual U.S. data.We find aggregate demand by national advertisers for each of the eight media is own-price inelastic, and that cross-price elasticities suggest slightly more substitute than complementary relationships, although both are rather weak. These patterns are consistent with long prevailing institutional arrangements and media selection practices.
主题Microeconomics ; Industrial Organization ; Industry Studies
URLhttps://www.nber.org/papers/w8624
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/566230
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Alvin J. Silk,Lisa R. Klein,Ernst R. Berndt. Intermedia Substitutability and Market Demand by National Advertisers. 2001.
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