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We use data from video files of all advertisements in the OTC analgesics industry from 2001 to 2005 to measure the information content in ads. We propose a simple theoretical framework to motivate an ordered probit model of information content. We find that stronger vertical differentiation is...
Persistent link: https://www.econbiz.de/10015231951
We model comparative advertising as brands pushing up own brand perception and pulling down the brand image of targeted … the structural model. These attack matrices identify diversion ratios and hence comparative advertising damage measures …. We find that outgoing comparative advertising attacks are half as powerful as self-promotion in raising own perceived …
Persistent link: https://www.econbiz.de/10015231952
We model comparative advertising as brands pushing up own brand perception and pulling down the brand image of targeted … the structural model. These attack matrices identify diversion ratios and hence comparative advertising damage measures …. We find that outgoing comparative advertising attacks are half as powerful as self-promotion in raising own perceived …
Persistent link: https://www.econbiz.de/10015234677
We empirically study the information-persuasion trade-off in advertising using data on the information content of …
Persistent link: https://www.econbiz.de/10015235066
We derive equilibrium incentives to use comparative advertising that pushes up own brand perception and pulls down the … attack matrices identify diversion ratios, from which we derive comparative advertising damage measures. We find that … outgoing comparative advertising attacks are half as powerful as self-promotion in raising own perceived quality and cause more …
Persistent link: https://www.econbiz.de/10015235109
distinction seems to emerge. On the one hand, systems that rely on market-based competition in pharmaceuticals promote a clear …
Persistent link: https://www.econbiz.de/10015217415
but generates an ambiguous effect on the consumption of pharmaceuticals. When patent extensions have an inverted-U effect …
Persistent link: https://www.econbiz.de/10015268293
This paper investigates whether aggregate consumer learning together with consumer heterogeneity in price sensitivity could explain why (i) there is a slow diffusion of generic drugs into the market, and (ii) brand-name originators keep increasing their prices over time even after the number of...
Persistent link: https://www.econbiz.de/10015252651
advertising on consumer brand choice and search behavior. Under imperfect information, advertising can affect consumer behavior by … providing economically relevant information in a convenient way. I find that advertising has an increasing effect on consumers …
Persistent link: https://www.econbiz.de/10009450693
From the perspective of pharmaceutical companies, R&D outsourcing offers a range of benefits. For example, costs that were otherwise fixed can become variable, and firms can gain rapid access to a large set of new technologies. Recent theoretical work has added to the list by connecting R&D...
Persistent link: https://www.econbiz.de/10015245888