
Why the Power of TV Advertising Has Been Overstated
Television advertising may be considerably less effective than published studies suggest.
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Günter J. Hitsch is the Kilts Family Professor of Marketing at the University of Chicago Booth School of Business.
He studies quantitative marketing and industrial organization. His research interests include dynamic models of firm and consumer decision-making with a specific focus on advertising, pricing, sequential learning and experimentation, and intertemporal consumer choice. His research also focuses on the application of causal inference and machine learning to applications that include optimal customer-targeting and pricing. His research aims to provide generalizable results that apply beyond specific case studies and serve as inputs for both the decision-making of marketing practitioners and academic research.
Hitsch is a Co-Editor of the Journal of Quantitative Marketing and Economics and an Associate Editor at Marketing Science and Management Science. His research has been published in the American Economic Review, Econometrica, the Journal of Quantitative Marketing and Economics, Management Science, Marketing Science, and the RAND Journal of Economics.
He earned an undergraduate degree from the University of Vienna in 1995, master's degrees in economics in 1997 and 1998, and a PhD in economics in 2001 from Yale University. He joined the Chicago Booth faculty in 2001.
Hitsch is an avid skier, and during his free time he enjoys chocolate, literature, and classical music. He wants his students to learn that "good marketing isn't fluffy."
Quantitative marketing and industrial organization; empirical models of consumer choice and competition; economics and marketing of new products; economics of dating and marriage markets.
With Sanjog Misra and Walter Zhang, "Heterogeneous treatment effects and optimal targeting policy evaluation," 2024, Journal of Quantitative Marketing and Economics, 22, 115-168
With Bradley Shapiro and Anna Tuchman, "TV Advertising Effectiveness and Profitability: Generalizable Results from 288 Brands," 2021, Econometrica, 89 (4), 1855-1879
With Ali Hortaçsu and Xiliang Lin, "Prices and Promotions in U.S. Retail Markets," 2021, Quantitative Marketing and Economics, 19, 289–368
With Andrey Simonov, Jean-Pierre Dubé, and Peter Rossi, “State-Dependent Demand Estimation with Initial Conditions’ Correction,” 2020, Journal of Marketing Research, 57 (5), 789-809
With Jean-Pierre Dubé and Peter Rossi, "Income and Wealth Effects on Private Label Demand: Evidence From the Great Recession," 2018, Marketing Science, 37 (1), 22-53.
With Ali Hortaçsu and Dan Ariely, 2010 "Matching and Sorting in Online Dating Markets," American Economic Review, 100 (1), 393-427
With Jean-Pierre Dubé and Peter E. Rossi, 2009, "Do Switching Costs Make Markets Less Competitive?," Journal of Marketing Research, 46 (4), 435-445
"An Empirical Model of Optimal Dynamic Product Launch and Exit Under Demand Uncertainty," 2006, Marketing Science, 25 (1), 25-50
For a listing of research publications, please visit the university library listing page.