advertising-commercials

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★ 2025-07-19 · gojiberries.io

Advertising Without Signal: The Rise of the Grifter Equilibrium

Economists credit ads with two welfare‑enhancing roles: 1. Informative – trimming search costs (Stigler 1961 (pdf)). 2. Signaling – In classic models, high-quality sellers are more willing to incur large, sunk ad costs because they expect to recoup them through future…

Five Frictions That Flatten the Signal
Because tarnished names can be retired cheaply, long‑run reputation no longer disciplines bad actors.
2024-07-03 · tedium.co

The Art Of Annoyance

When it comes down to it, it’s best to think of advertising as a coordinated, decades-long campaign to annoy the heck out of you. And it works pretty well.