Measurement of Impact of Product Placement Advertising Justin Lewis
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A Brief Primer on the Economics of Targeted Advertising
ECONOMIC ISSUES A Brief Primer on the Economics of Targeted Advertising by Yan Lau Bureau of Economics Federal Trade Commission January 2020 Federal Trade Commission Joseph J. Simons Chairman Noah Joshua Phillips Commissioner Rohit Chopra Commissioner Rebecca Kelly Slaughter Commissioner Christine S. Wilson Commissioner Bureau of Economics Andrew Sweeting Director Andrew E. Stivers Deputy Director for Consumer Protection Alison Oldale Deputy Director for Antitrust Michael G. Vita Deputy Director for Research and Management Janis K. Pappalardo Assistant Director for Consumer Protection David R. Schmidt Assistant Director, Oÿce of Applied Research and Outreach Louis Silva, Jr. Assistant Director for Antitrust Aileen J. Thompson Assistant Director for Antitrust Yan Lau is an economist in the Division of Consumer Protection of the Bureau of Economics at the Federal Trade Commission. The views expressed are those of the author and do not necessarily refect those of the Federal Trade Commission or any individual Commissioner. ii Acknowledgments I would like to thank AndrewStivers and Jan Pappalardo for invaluable feedback on numerous revisions of the text, and the BE economists who contributed their thoughts and citations to this paper. iii Table of Contents 1 Introduction 1 2 Search Costs and Match Quality 5 3 Marketing Costs and Ad Volume 6 4 Price Discrimination in Uncompetitive Settings 7 5 Market Segmentation in Competitive Setting 9 6 Consumer Concerns about Data Use 9 7 Conclusion 11 References 13 Appendix 16 iv 1 Introduction The internet has grown to touch a large part of our economic and social lives. This growth has transformed it into an important medium for marketers to serve advertising. -
Personalised Pricing in the Digital Era
Organisation for Economic Co-operation and Development DAF/COMP(2018)13 Unclassified English - Or. English 20 November 2018 DIRECTORATE FOR FINANCIAL AND ENTERPRISE AFFAIRS COMPETITION COMMITTEE Cancels & replaces the same document of 12 October 2018 Personalised Pricing in the Digital Era Background Note by the Secretariat 28 November 2018 This document was prepared by the OECD Secretariat to serve as a background note for item 1 of the joint meeting between the Competition Committee and the Committee on Consumer Policy on 28 November 2018. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries. More documentation related to this discussion can be found at: www.oecd.org/daf/competition/personalised-pricing-in-the-digital-era.htm Please contact Mr. Antonio Capobianco if you have any questions about this document [E-mail: [email protected]] JT03439922 This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. 2 │ DAF/COMP(2018)13 Personalised Pricing in the Digital Era Background Note by the Secretariat* As data analytics and pricing algorithms become common business practice in the digital era, there are growing concerns about the possibility that companies use such tools to engage in personalised pricing, a form of price discrimination that involves charging different prices to consumers according to their willingness to pay. While personalised pricing has the potential to improve allocative efficiency and benefit low-end consumers who would otherwise be underserved, in some occasions it can also lead to a loss in total consumer welfare. -
Spillover Benefits of Online Advertising
Marketing Science Institute Working Paper Series 2020 Report No. 20-110 Linking Clicks to Bricks: Spillover Benefits of Online Advertising Mi Zhou, Vibhanshu Abhishek, Edward H. Kennedy, Kannan Srinivasan, and Ritwik Sinha “Linking Clicks to Bricks: Spillover Benefits of Online Advertising” © 2020 Mi Zhou, Vibhanshu Abhishek, Edward H. Kennedy, Kannan Srinivasan, and Ritwik Sinha MSI working papers are distributed for the benefit of MSI corporate and academic members and the general public. Reports are not to be reproduced or published in any form or by any means, electronic or mechanical, without written permission. Linking Clicks to Bricks: Spillover Benefits of Online Advertising Mi Zhou Carnegie Mellon University, Heinz College [email protected] Vibhanshu Abhishek University of California – Irvine, Paul Merage School of Business [email protected] Edward H. Kennedy Carnegie Mellon University, Department of Statistics & Data Science [email protected] Kannan Srinivasan Carnegie Mellon University, Tepper School of Business [email protected] Ritwik Sinha Adobe Systems [email protected] October 2018 Marketing Science Institute Working Paper Series Abstract Businesses have widely used email ads to directly send promotional information to consumers. While email ads serve as a convenient channel that allows firms to target consumers online, are they effective in increasing offline revenues for firms that predominantly sell in brick-and-mortar stores? Is the effect of email ads, if any, heterogeneous across different consumer segments? If so, on which consumers is the effect highest? In this research, we address these questions using a unique high-dimensional observational dataset from one of the largest retailers in the US, which links each consumer’s online behaviors to the item-level purchase records in physical stores. -
THE EFFECTS of DIGITAL ADVERTISING on BRAND IMAGE – Case Study: Company X
Bachelor’s thesis International Business 2018 Tuuli Linna THE EFFECTS OF DIGITAL ADVERTISING ON BRAND IMAGE – Case Study: Company X BACHELOR’S THESIS | ABSTRACT TURKU UNIVERSITY OF APPLIED SCIENCES International Business 2018 | 43 pages Tuuli Linna THE EFFECTS OF DIGITAL ADVERTISING ON BRAND IMAGE - Case study: Company X The abundance of content we see on digital channels is astonishing, and the time we spend looking at individual pieces of content is very short. Companies put a lot of effort and money on digital advertising to leverage their sells and brand awareness. This thesis aims to reveal what type of digital advertising works and is there a correlation between seeing digital advertising to perceived brand image The data was collected from e-books, online articles, case studies, videos and an online survey. The theory includes famous brand theories and studies about branding and advertising. The conclusion was drafted based on the literature review and data collected from an online survey targeted to the case company’s current customers. KEYWORDS: Advertising, Digital advertising, Marketing, Promotion, Organic content, content, Social media, Brand building, Brand image, Digital consumption, Strategy, Brand promise, Tactical advertising, Branded content OPINNÄYTETYÖ (AMK) | TIIVISTELMÄ TURUN AMMATTIKORKEAKOULU Kansainvälinen liiketalous 2018 | 43 sivua Tuuli Linna DIGITAALISEN MAINONNAN VAIKUTUS BRÄNDI- IMAGOON - Tutkimus: Yritys X Digitaalisten kanavien sisältämä sisällön runsaus on hämmästyttävää ja aika, jonka kulutamme yksittäisten sisältöjen kanssa on hyvin lyhyt. Yritykset käyttävät paljon työtä ja rahaa digitaaliseen mainontaan tavoitteenaan nostaa myyntiä ja brändin tunnettuutta. Tämän opinnäytetyön tarkoituksena on tutkia, millainen digitaalinen mainonta toimii, ja onko digitaalisen mainonnan ja mieltyneen brändikuvan välillä korrelaatiota. -
Can Smarter Pricing and Promotion Reduce the Emphasis on Discounting
EY | Assurance | Tax | Transactions | Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or Can smarter more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our pricing and organization, please visit ey.com. © 2016 EYGM Limited. All Rights Reserved. promotion 1608-2009083 EYG No: 03451-164GBL reduce the ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice. emphasis on ey.com discounting? Five steps to improved pricing How to make price and and promotion promotion work harder 1 Optimize everyday prices Use smaller discounts — only go 2 deep for feature or display Three-quarters of consumer product (CP) companies are struggling to grow both revenue and profitability.1 What worked before does not Rethink duration, timing, shopper work today. marketing and co-promotions Companies are finding it hard to keep pace with fast-changing 3 consumer needs and digital disruption while overemphasizing cost cutting to boost profits and satisfy shareholders. -
Reuters Institute Digital News Report 2020
Reuters Institute Digital News Report 2020 Reuters Institute Digital News Report 2020 Nic Newman with Richard Fletcher, Anne Schulz, Simge Andı, and Rasmus Kleis Nielsen Supported by Surveyed by © Reuters Institute for the Study of Journalism Reuters Institute for the Study of Journalism / Digital News Report 2020 4 Contents Foreword by Rasmus Kleis Nielsen 5 3.15 Netherlands 76 Methodology 6 3.16 Norway 77 Authorship and Research Acknowledgements 7 3.17 Poland 78 3.18 Portugal 79 SECTION 1 3.19 Romania 80 Executive Summary and Key Findings by Nic Newman 9 3.20 Slovakia 81 3.21 Spain 82 SECTION 2 3.22 Sweden 83 Further Analysis and International Comparison 33 3.23 Switzerland 84 2.1 How and Why People are Paying for Online News 34 3.24 Turkey 85 2.2 The Resurgence and Importance of Email Newsletters 38 AMERICAS 2.3 How Do People Want the Media to Cover Politics? 42 3.25 United States 88 2.4 Global Turmoil in the Neighbourhood: 3.26 Argentina 89 Problems Mount for Regional and Local News 47 3.27 Brazil 90 2.5 How People Access News about Climate Change 52 3.28 Canada 91 3.29 Chile 92 SECTION 3 3.30 Mexico 93 Country and Market Data 59 ASIA PACIFIC EUROPE 3.31 Australia 96 3.01 United Kingdom 62 3.32 Hong Kong 97 3.02 Austria 63 3.33 Japan 98 3.03 Belgium 64 3.34 Malaysia 99 3.04 Bulgaria 65 3.35 Philippines 100 3.05 Croatia 66 3.36 Singapore 101 3.06 Czech Republic 67 3.37 South Korea 102 3.07 Denmark 68 3.38 Taiwan 103 3.08 Finland 69 AFRICA 3.09 France 70 3.39 Kenya 106 3.10 Germany 71 3.40 South Africa 107 3.11 Greece 72 3.12 Hungary 73 SECTION 4 3.13 Ireland 74 References and Selected Publications 109 3.14 Italy 75 4 / 5 Foreword Professor Rasmus Kleis Nielsen Director, Reuters Institute for the Study of Journalism (RISJ) The coronavirus crisis is having a profound impact not just on Our main survey this year covered respondents in 40 markets, our health and our communities, but also on the news media. -
2020 SNMMI Media
2020 PRINT AND DIGITAL ADVERTISING OPPORTUNITIES The Society of Nuclear Medicine and Molecular Imaging (SNMMI) offers an array of print and online advertising opportunities to reach the key decision makers in the nuclear medicine and molecular imaging market throughout the year. VOLUME 59 NUMBER 8 AUGUST 2018 NUCLEAR MEDICINE FEATURED Evaluation of PET Brain Radioligands for Imaging Pancreatic β-Cell Mass: ARTICLE Potential Utility of 11C-(+)-PHNO. Jason Bini et al. See page 1249. Patterns of 18F-FES uptake on PET/CT: a potential key to identifying biologically relevant subgroups of metastatic breast cancer. Hilde Nienhuis et al. See page 1212. Contact Team SNMMI Cunningham Associates Charlie Meitner, Kevin Dunn, Jim Cunningham T: 201.767.4170 ■ F: 201.767.8065 Email: [email protected] SNMMI 1850 Samuel Morse Dr. Reston, VA 20190 2 18 Vol. 46 ■ No. 2 ■ June 2018 JNMTJournal of Nuclear Medicine Technology Journal of Nuclear Medicine Technology June 2018 ■ Vol. 46 Vol. FEATURED IMAGE 18 F-FDG and Amyloid PET in Dementia. ■ Lance Burrell and Dawn Holley. Pages See page 151. 75–217 2020 PRINT AND DIGITAL ADVERTISING OPPORTUNITIES CONTENTS SNMMI MEMBER DEMOGRAPHICS PAGES 3–5: JNM & JNMT PRINT ADVERTISING SNMMI is the leader unifying, advancing and optimizing OPPORTUNITIES nuclear medicine and molecular imaging, with the ultimate Pages 3 & 5 ■ JNM Print Advertising Opportunities/ goal of improving human health. Our 17,000 members are Specifications the key buyers and decision makers in the nuclear medicine and molecular imaging market. -
Farm-Direct Marketing: Merchandising and Pricing Strategies
Farm-direct Marketing #3 PNW 203 Merchandising and Pricing Strategies Merchandising refers to the set of strategies that direct marketers use to The Farm-direct make sales. It includes: Marketing Set • Product selection A farm-direct marketing business provides • Processing and packaging both attractive opportunities and unique • Pricing challenges to farm families. The farm-direct • Display marketing series of Extension publications • Inventory control offers information about establishing and developing a range of farm-direct • Advertising enterprises. • Customer service Other publications in the series are: In summary, merchandising is the art of selling. • An Overview and Introduction (PNW 201) • Costs and Enterprise Selection (PNW 202) Merchandising Plan • Location and Facilities for On-farm Sales (PNW 204) Your overall merchandising goal is to sell your products as profitably as • Personnel Management (PNW 205) possible and to build satisfaction and repeat sales. To achieve this goal, you should • Financial Management (PNW 206) develop a comprehensive merchandising plan. Success in merchandising requires • Legal Guide to Farm-direct Marketing providing what the customer wants, where and when she wants it. Direct (PNW 680) marketing customers want a combination of excellent quality and good value • Food Safety and Product Quality (PNW 687) and expect some choice of products and package sizes. For these reasons, proper product selection and handling must be part of a successful merchandising plan. To learn more, consider one of the online courses offered by Oregon State University, Because customers are attracted by a diversity of offerings, effective Washington State University, and University merchandising actually begins with your farm production decisions. Your farm of Idaho: stand or farmers market booth becomes increasingly attractive to customers as it In Oregon—Growing Farms: Successful offers a greater range of the products that they want. -
Innovations in Retail Pricing and Promotions Dhruv Grewal A,∗, Kusum L
Journal of Retailing 87S (1, 2011) S43–S52 Innovations in Retail Pricing and Promotions Dhruv Grewal a,∗, Kusum L. Ailawadi b,1, Dinesh Gauri c,2, Kevin Hall d, Praveen Kopalle b,3, Jane R. Robertson e a 213 Malloy Hall, Babson College, Babson Park, MA 02457, United States b Tuck School at Dartmouth, Dartmouth College, 100 Tuck Hall, Hanover, NH 03755, United States c Whitman School of Management, Syracuse University, 721 University Ave, Syracuse, NY 13215, United States d The Integer Group, United States e Dallas Market Center, United States Received 22 April 2011; accepted 25 April 2011 Abstract Retailers confront a seemingly impossible dual competitive challenge: grow the top line while also preserving their bottom line. Innovations in pricing and promotion provide considerable opportunities to target customers effectively both offline and online. Retailers also have gained enhanced abilities to measure and improve the effectiveness of their promotions. This article synthesizes recent advances in pricing and promotions findings as they pertain to enhanced targeting, new price and promotion models, and improved effectiveness. It also highlights the role of new enabling technologies and suggests important avenues for further research. © 2011 New York University. Published by Elsevier Inc. All rights reserved. Keywords: Pricing; Promotion; Value; Retail strategy; Targeting; Retail technology In 2008, total U.S. retail sales climbed over $3.9 trillion (U.S. 2009), Grewal, Levy, and Kumar (2009), Grewal et al. (2010), Census Bureau 2008), of which approximately $1.4 trillion came Kopalle et al. (2009a), Levy et al. (2004), Neslin (2002), from food, beverage, drug, and department stores and approx- Puccinelli et al. -
Prohibiting Product Placement and the Use of Characters in Marketing to Children by Professor Angela J. Campbell Georgetown Univ
PROHIBITING PRODUCT PLACEMENT AND THE USE OF CHARACTERS IN MARKETING TO CHILDREN BY PROFESSOR ANGELA J. CAMPBELL1 GEORGETOWN UNIVERSITY LAW CENTER (DRAFT September 7, 2005) 1 Professor Campbell thanks Natalie Smith for her excellent research assistance, Russell Sullivan for pointing out examples of product placements, and David Vladeck, Dale Kunkel, Jennifer Prime, and Marvin Ammori for their helpful suggestions. Introduction..................................................................................................................................... 3 I. Product Placements............................................................................................................. 4 A. The Practice of Product Placement......................................................................... 4 B. The Regulation of Product Placements................................................................. 11 II. Character Marketing......................................................................................................... 16 A. The Practice of Celebrity Spokes-Character Marketing ....................................... 17 B. The Regulation of Spokes-Character Marketing .................................................. 20 1. FCC Regulation of Host-Selling............................................................... 21 2. CARU Guidelines..................................................................................... 22 3. Federal Trade Commission....................................................................... 24 -
Dynamic Pricing: Building an Advantage in B2B Sales
Dynamic Pricing: Building an Advantage in B2B Sales Pricing leaders use volatility to their advantage, capturing opportunities in market fluctuations. By Ron Kermisch, David Burns and Chuck Davenport Ron Kermisch and David Burns are partners with Bain & Company’s Customer Strategy & Marketing practice. Ron is a leader of Bain’s pricing work, and David is an expert in building pricing capabilities. Chuck Davenport is an expert vice principal specializing in pricing. They are based, respectively, in Boston, Chicago and Atlanta. The authors would like to thank Nate Hamilton, a principal in Boston; Monica Oliver, a manager in Boston; and Paulina Celedon, a consultant in Atlanta, for their contributions to this work. Copyright © 2019 Bain & Company, Inc. All rights reserved. Dynamic Pricing: Building an Advantage in B2B Sales At a Glance Nimble pricing behavior from Amazon and other online sellers has raised the imperative for everyone else to develop dynamic pricing capabilities. But dynamic pricing is more than just a defensive action. Pricing leaders use volatility to their advantage, capturing opportunities in market fluctuations and forcing competitors to chase their pricing moves. Building better pricing capabilities is about more than improving processes, technology and communication. Pricing leadership requires improving your understanding of customer needs, competitors’ behavior and market economics. Dynamic pricing is not a new strategy. For decades, companies in travel and transportation have system- atically set and modified prices based on shifting market and customer factors. Anyone who buys plane tickets should be familiar with this type of dynamic pricing, but what about other industries? Does dynamic pricing have a role? Increasingly, the answer is yes. -
PRICING and ADVERTISING of CONSUMER ITEMS Act 449 of 1976
PRICING AND ADVERTISING OF CONSUMER ITEMS Act 449 of 1976 AN ACT to regulate the pricing of consumer items and the advertising of consumer items, services, goods, merchandise, commodities, and real property; to prescribe the powers and duties of certain state and local officials in relation thereto; to provide remedies and penalties; and to repeal certain acts and parts of acts. History: 1976, Act 449, Eff. Jan. 1, 1978. Popular name: Scanner Law Popular name: Item Pricing Act The People of the State of Michigan enact: 445.351 Definitions. Sec. 1. As used in this act: (a) “Advertising” means all representations disseminated in any manner by any means for the purpose of inducing, or which are likely to induce, directly or indirectly, the purchase of a consumer item, service, good, merchandise, commodity, or real property. (b) “Automatic checkout system” means an electronic device, computer, or machine which determines the price of a consumer item by using a product identity code, and may but is not required to include an optical scanner. (c) “Class of item” means a group of consumer items which may vary by brand, style, pattern, color, or size other than weight or volume. Items within a class must otherwise be identical and offered at the same total price. (d) “Consumer item” means an article of tangible personal property used or consumed, or bought for use or consumption, primarily for personal, family, or household purposes. (e) “Director” means the director of the department of agriculture or his authorized representative. (f) “Person” means an individual, firm, partnership, corporation, association, or other legal entity.