This paper investigates the role of campaign advertising and the opportunity of legal restrictions on it. An electoral … receive on non-directly informative advertising. This paper shows that: (1) A separating equilibrium exists in which the group … rational, a ban on campaign advertising can be welfare-improving; and (3) Split contributions may arise in equilibrium (and …

Consumers can accumulate product information on the basis of a combination of searching, product advertising and expert …

differentiated products on both the readership and the advertising side of the market. This allows us to recover price elasticities …