- Advances in Regulatory Economics series
Edited by Michael A. Crew and Paul R. Kleindorfer
Chapter 14: Internet Advertising and Direct Mail: Trends and Analysis for the UK
14. Internet advertising and direct mail: trends and analysis for the UK* Soterios Soteri, Frédérique Fève, Jean-Pierre Florens and Frank Rodriguez 1 INTRODUCTION Addressed inland mail volumes in the UK historically have tended to move in line with economic and demographic growth (Nankervis et al., 2002).1 However, in recent years mail volumes have declined despite both these factors exhibiting robust rates of growth. This chapter examines the possible impact that aspects of technological substitution may be having on trends in mail volumes. Time-series econometric techniques are employed and suggest that new technology-enabled forms of communication may be driving a wedge between mail volume growth and traditional drivers of mail volume growth such as the economy and demographics. The chapter examines UK mail volume trends over time. It shows that, in contrast to other countries with advanced postal networks, direct mail volumes have been declining in recent years and have contributed substantially to the recent slowdown in UK mail volume growth. An examination of UK direct mail volumes is undertaken relative to other countries. In addition, via the combined use of time-series econometric modeling and mail content survey data, the chapter provides quantitative estimates of the extent to which Internet-enabled technology may have impacted on direct and pre-sorted mail volume trends in the UK. A key ﬁnding in this chapter is that the rapid growth in Internet advertising expenditure in the UK in recent years is likely to have had a signiﬁcant and negative impact on...
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