Measuring the Benefits to Advertising under Monopolistic Competition

被引:0
|
作者
Boland, Michael A. [1 ]
Crespi, John M. [2 ]
Silva, Jena [2 ]
Xia, Tian [2 ]
机构
[1] Univ Minnesota, Dept Appl Econ, Minneapolis, MN 55455 USA
[2] Kansas State Univ, Dept Agr Econ, Manhattan, KS 66506 USA
关键词
advertising; benefit-cost analysis; industrial organization; monopolistic competition; agricultural marketing; GAME-THEORETIC APPROACH; PRODUCT DIFFERENTIATION; COOPERATIVES; TRADE;
D O I
暂无
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
This paper determines the benefits and costs of firm-level advertising in a monopolistically competitive industry. The model is useful in an environment in which firm-level costs may be absent or imprecise. The empirical example uses data on the advertising for a new line of prune snacks by Sunsweet Growers between 2008 and 2010, revealing average benefit-cost estimates from $1.26 to $4.35 for every dollar allocated to the new product line.
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页码:144 / 155
页数:12
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