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Refereed

The short- and long-run implications of restaurant advertising

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Pages 325-337 | Published online: 18 May 2016
 

ABSTRACT

Each year, restaurants spend billions of dollars on advertising and employ millions of people in an effort to capture a portion of the large sums of money consumers spend on food away from home. While the food-away-from-home market is substantial, it is not clear if advertising provides an effective tool for attracting diners. The purpose of this study is to examine the short- and long-term effects of advertising on restaurant sales through the use of more recently adopted econometric techniques.

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