Advertising and Market Power by William S. Comanor
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Advertising and Market Power
By William S. Comanor

Advertising and Market Power

By (author) See other recent books by William S. Comanor See other recent books by Thomas A. Wilson
Format: Hardback

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Advertising and Market Power by William S. Comanor

Book Description

The current debate over the economics of advertising has long focused on two questions. The first concerns the impact of advertising on the relative positions of large and small firms in an industry and thereby on the state of competition. The second examines the role of advertising on consumer purchasing decisions over broad consumption categories. Comanor and Wilson use the modern tools of economic theory and statistics to build and test their hypotheses, and contribute important analytical and empirical evidence on the key issues.The authors find that consumer decisions are affected substantially by the volume of advertising. Indeed, advertising is a weightier factor than relative prices. Their conclusions surely contribute to the nervousness long felt by economists over the use of consumer preferences to evaluate the welfare implications of resource allocation.

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Book Details

ISBN: 9780674005808
ISBN-10: 0674005805
Format: Hardback
(230mm x 150mm x 23mm)
Pages: 270
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 1-Jul-1974
Country of Publication: United States

Books By Author William S. Comanor

Competition Policy in the Global Economy by William S. Comanor Competition Policy in the Global Economy, Hardback (December 1996)

This collection examines the complexities involved when international co-ordination and harmonization of competition law and policy are considered.

» View all books by William S. Comanor

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