I thought I try my hand at a
best-of-2020
list. Here are five papers published in marketing journals in 2020 that I enjoyed reading this year …
1)Spillovers from Mass Advertising: An Identification Strategy by Michael Thomas. The paper argues that advertising in ... 1/


1)Spillovers from Mass Advertising: An Identification Strategy by Michael Thomas. The paper argues that advertising in ... 1/
a given location is often partly set based on demand conditions in another location (b/c of a lack of granular targeting). Hence, demand in one market can serve as an instrument for advertising in another. This paper is a really nice addition to the recent literature ... 2/
using quasi-experimental approaches to estimating ad elasticities (see also the border approach by @btshapir and Superbowl ads by Hartmann & Klapper). It also fits with a general theme of exploiting “imperfections” in firms’ targeting strategies for identification purposes. 3/
2) Search Duration by Ursu, Wang, Chintagunta ( @ralucamursu, @pra_chintagunta). This paper provides a framework to incorporate data on search duration (rather than just identities of searched products) into a model of consumer search. Search is modeled as ... 4/
a continuous process where information is slowly revealed when searching a given product. A lot of effort goes into the complicated task of setting up and estimating a micro-founded model that rationalizes search duration decisions among several products. Substantively ... 5/
the paper pushes the boundary by allowing researchers to use additional information on consumers’ pre-purchase behavior to better understand preferences. 6/
3) Advertising in Health Insurance Markets by Brad Shapiro ( @btshapir). Almost a null effect paper, but ultimately he has sufficient power to estimate even a small effect of advertising. I see this paper as part of a growing literature that finds much smaller ad effects ... 7/
when using quasi-experimental variation to identify ad effects. The paper also shows that firms are not successful at skimming healthy individuals with advertising, a general worry in this market (a finding that runs counter to a recent AER paper by Aizawa & Kim). 8/
4) Consumer Privacy Choice in Online Advertising: Who Opts Out and at What Cost to Industry? by Johnson, Shriver, Du ( @garjoh_canuck ). The headline finding of this paper is intriguing: although many consumers state privacy concerns in surveys, almost nobody (only 0.23%) ... 9/
opts out of targeted online advertising. The paper also shows that advertisers value consumers that opt out roughly 50% less than consumers that allow for targeting. The paper punts on what explains the survey/opt out difference. Hopefully we will see more work on this. 10/
5) Social Advertising Effectiveness Across Products: A Large-Scale Field Experiment by Huang, Aral, Hu Brynjolfsson ( @ShanhHuang, @sinanaral, @erikbryn). The paper estimates the impact of social advertising across a large set of product categories. This paper is ... 11/