Media substitution in advertising: A spirited case study
Review articleOpen access
Abstract:

AbstractThis paper uses an unusually rich sample of liquor brands in the U.S. over the period 1994 to 2004 to test the substitutability of advertising media. The liquor industry in the U.S. has experienced a substantial increase in case sales and advertising expenditures since the mid-1990s, raising numerous public policy concerns. Moreover, the mix of advertising media used by liquor brands has also changed substantially following the industry's decision in 1996 to begin using radio and television media. We find that many of the advertising media used by liquor firms are highly substitutable, meaning that partial media bans, such as a ban on television advertising, would prove ineffective in reducing liquor case sales.

Request full text

References (0)

Cited By (0)

No reference data.
No citation data.
Advertisement
Join Copernicus Academic and get access to over 12 million papers authored by 7+ million academics.
Join for free!