To make high-quality research more accessible and easier to explore.

Fields:

Some Statistical Evidence on the Effects of Financial Innovation

The Review of Economics and Statistics 1986 68(3), 521
sumer reliance upon advertising since these mechanisms substitute as sources of product/vendor information. One can predict, therefore, that when relative prices favor consumer reliance upon advertising as information, producers will respond accordingly. This prediction also received empirical verification-advertising intensity by sellers in the mobile Washington, D.C. area greatly exceeded advertising intensity in the relatively stable Baltimore, Maryland area.