The Substitutability of Network and National Spot Television Advertising
B. D. McCullough & Tracy Waldon
What the paper says
The translog method is used to obtain estimates of the Morishima substitution elasticity between television network advertising and national spot television advertising. Dickey -Fuller and cointegration tests lead to a partially differenced system estimated via SUR. Confidence intervals for the estimates are derived by treating the time series of elasticity estimates as a realization from a stochastic process and applying an er go die theorem after discussing a failed attempt to bootstrap the confidence intervals. We find that television network advertising and national spot television advertising are substitutes.
8 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.00 × 0.4 = 0.00 |
| M · momentum | 0.20 × 0.15 = 0.03 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.