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The determinants of direct mail coupon usage revisited: Evidence from count panel data models
Author(s) -
ChiouWei Song Zan
Publication year - 2004
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/agr.20007
Subject(s) - coupon , econlit , face value , direct mail , advertising , panel data , agribusiness , econometrics , economics , business , marketing , geography , political science , medline , finance , archaeology , law , agriculture
This report employs count panel (as opposed to cross‐sectional) data to empirically investigate the determinants of direct‐mail coupon use. We focus on comparing the coupon use discrepancies between national and store dairy brands. The results do not support the main hypothesis that participants use more coupons the longer they stay in the coupon program. Evidence also shows that prior use significantly explains the coupon‐redemption behavior, while it is found that there are significant expiration date and face value effects. The distance of the consumers from the redemption location is found to be significant. [EconLit citations: C25, J10, and M37.] © 2004 Wiley Periodicals, Inc. Agribusiness 20: 189–200, 2004.