An edition of On inter-industry variation in the vertical integration of advertising services
(2005)
On inter-industry variation in the vertical integration of advertising services
by Sharon Horsky, Steven C. Michael, Alvin J. Silk, and Harvard Business School. Division of Res...
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We investigate inter-industry variation in the relative incidence of advertisers' utilization of in-house rather than independent advertising agencies. To account for this variability, we develop a set of hypotheses drawing. The first perspective emphasizes scale economies and "double marginalization." The second perspective is that of transactions cost economics. The hypotheses are tested using a database consisting of a cross section of 70 two digit SIC industries measured at two points in time, 1991 and 1999.
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On inter-industry variation in the vertical integration of advertising services
2005, Division of Research, Harvard Business School
in English
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