Optimal Media Allocation of Generic Fluid Milk Advertising Expenditures: The Case of New York State

A fixed-effects panel data demand model for five New York State markets is estimated to determine the differential impacts of generic fluid milk advertising by media type. Empirical results indicate that among the four media outlets, television advertising has the largest impact on per capita demand, followed by radio, outdoor, and print. Based on the estimated media-specific elasticities, media reallocation of advertising expenditures suggests that milk sales could increase significantly. The results indicate that cooperative media plan strategies developed between the New York regional advertising program and the national advertising programs would achieve the greatest benefits.


Subject(s):
Issue Date:
2007-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/44701
Published in:
Agricultural and Resource Economics Review, Volume 36, Number 2
Page range:
253-266
Total Pages:
14




 Record created 2017-04-01, last modified 2017-11-23

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