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This paper studies how the emergence of specialized communication media focused on both high quality contents and high quality advertised products, affects the functioning of a vertically differentiated market. To that end, we formulate a simultaneous game of pricing and targeted advertising...
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Seawater desalination and recycling of urban wastewater originating from desalinated seawater are the only sources of irrigation water on the extremely arid (∼150mmyear−1) Spanish island of Lanzarote. Irrigation with these two types of water has been introduced over the past few decades in...
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Purpose – The purpose of this paper is to advance in research on consumer psychology of hospitality, since it investigates how online search behavior of users (particularly, information search and choice) is influenced by the opinions of other people in a new context characterized by the...
Persistent link: https://www.econbiz.de/10014764254
This paper analyzes how the use of endogenous direct advertising affects the functioning of a horizontally-differentiated market. We formulate a two-stage game of pricing and informative advertising in which two firms, first, compete with mass advertising and, later, build a database using their...
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This paper develops a model of informative advertising in which a firm builds a database using its historical sales records in order to directly target ads on those consumers who have a high probability of purchasing its products. We show that the firm can use this type of direct advertising as...
Persistent link: https://www.econbiz.de/10005705064
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