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ADVERTISING AS INFORMATION PHILLIP NELSON JOURNAL  OF POLITICAL ECONOMY, 1974 VASUTA KALRA 58 A, PGP1
[object Object]
WHY INFORMATION? ,[object Object],[object Object],[object Object],[object Object]
NATURE OF PRODUCT
SEARCH QUALITIES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
EXPERIENCE QUALITIES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ACCORDING TO NELSON ,[object Object],[object Object],[object Object]
MARGINAL REVENUE OF ADVERTISING TO PRODUCER ,[object Object],[object Object]
STIGLER’S THEORY
NELSON’S MODEL ,[object Object],[object Object],[object Object],[object Object]
SEARCH & EXPERIENCE QUALITIES ,[object Object],[object Object],[object Object]
MARGINAL REVENUE OF ADVERTISING TO THE CONSUMER ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
MARGINAL REVENUE OF  ADVERTISING IN DIFFERENT MEDIA ,[object Object],[object Object],[object Object]
DECEPTIVE ADVERTISING ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
COSTS OF DECEPTIVE ADVERTISING ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ALTERNATIVE SOURCES OF INFORMATION ,[object Object],[object Object],[object Object],[object Object]
CONCLUSIONS OF STUDY ,[object Object],[object Object],[object Object],[object Object]
 

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