Measuring and Testing Advertising-Induced Rotation in the Demand Curve



(A7)

(A8)

(A9)


lnηiRM
ln Ai


d ln(-cii )   d ln wi

ln Ai     ln Ai


n

w α -α and
j ij ii

j


∂ηADs = - ciiwi
ln Ai w2 ln Ai


ii (w α - α ).
j ij ii

j


Dividing (A8) by ηiAIDS yields:


lnηiAIDS
ln Ai


nn

(-cii ! w )(w a - α ) (cii / wi )(w a - a )
i=j

- ( cii / wi- 1)                  ( cii / wi- 1)


33




More intriguing information

1. TRADE NEGOTIATIONS AND THE FUTURE OF AMERICAN AGRICULTURE
2. What Lessons for Economic Development Can We Draw from the Champagne Fairs?
3. LIMITS OF PUBLIC POLICY EDUCATION
4. The name is absent
5. Uncertain Productivity Growth and the Choice between FDI and Export
6. An Intertemporal Benchmark Model for Turkey’s Current Account
7. Initial Public Offerings and Venture Capital in Germany
8. The name is absent
9. The name is absent
10. The Determinants of Individual Trade Policy Preferences: International Survey Evidence