Advertising and information: an empirical study of search, experience and credence goods
Abstract
Investigates empirically the importance of buyer characteristics as well as product and service classifications on the informational content of advertising supply by sellers utilizing Yellow Pages advertisements from six US cities. The analysis and tests extend the categories used in previous tests by including so‐called “credence goods” by analysing the impact of alternative buyer characteristics as proxies for time and information costs. The intra‐city and, to a lesser extent, inter‐city comparisons lend support to the contemporary theory of advertising as information.
Keywords
Citation
Ekelund, R.B., Mixon, F.G. and Ressler, R.W. (1995), "Advertising and information: an empirical study of search, experience and credence goods", Journal of Economic Studies, Vol. 22 No. 2, pp. 33-43. https://doi.org/10.1108/01443589510086970
Publisher
:MCB UP Ltd
Copyright © 1995, MCB UP Limited