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Published in: Review of Industrial Organization 2/2014

01-03-2014

What is Different About Online Advertising?

Author: Avi Goldfarb

Published in: Review of Industrial Organization | Issue 2/2014

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Abstract

Drawing on the literature on online advertising, I argue that the fundamental economic difference between online and offline advertising is a substantial reduction in the cost of targeting. This cost reduction informs what I view as the main themes in the online advertising literature: understanding advertising effectiveness, auctions, privacy, and antitrust.

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Footnotes
1
I do not emphasize the two-sided nature of advertising markets in this review. For more details on that topic, see Evans (2009) and Bagwell (2007).
 
2
Even those economists who have published on this topic have often published their work in law journals, especially the Journal of Competition Law and Economics.
 
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Metadata
Title
What is Different About Online Advertising?
Author
Avi Goldfarb
Publication date
01-03-2014
Publisher
Springer US
Published in
Review of Industrial Organization / Issue 2/2014
Print ISSN: 0889-938X
Electronic ISSN: 1573-7160
DOI
https://doi.org/10.1007/s11151-013-9399-3

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