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An increasingly common practice among media platforms is to provide premium content versions with fewer or even no ads. This practice leads to an intriguing question: how should ad-financed media price discriminate through versioning? I develop a two-sided media model and illustrate that price...
Persistent link: https://www.econbiz.de/10012898703
digitalization of content, causing market exit and long-term consolidation in many countries. Competition policy in media markets is … not only concerned with this trend because of reduced economic competition, but also because of potentially reduced … pluralism is not. Moreover, a monopoly market does not necessarily o.er less pluralism than a competitive one. …
Persistent link: https://www.econbiz.de/10011527238
The study tries to respond to a question of great current policy interest: have American media become more concentrated due to various M&As and shake-outs, or have then become less concentrated due to Internet and other new types of media entry? The study analyzes 100 different media and...
Persistent link: https://www.econbiz.de/10013103452
Around the world, media ownership and concentration is an issue of considerable public interest. When the FCC in America tried to change the rules, it got over a million letters, both from the activist left and the activist right. Noted academics weighed in. Lawrence Lessig argued that 'within a...
Persistent link: https://www.econbiz.de/10013112902
issue of government regulation of content and access. The first issue (economic competition) is indistinguishable from that … approach to measurement. The second problem (competition in the market place of ideas, which I call Miltonian competition) can … end users and content suppliers are free to find each other on the Internet, then barriers to Miltonian competition (and …
Persistent link: https://www.econbiz.de/10014071822
A sizable literature on media bias suggests that media coverage is frequently biased towards certain political and economic positions. However, we know little about what drives variation in political and ideological bias in news coverage across countries. In this paper, we argue that...
Persistent link: https://www.econbiz.de/10013463385
The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in … economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates … only feature of market competition, but it plays a central role regarding to its virtues, and understanding the working …
Persistent link: https://www.econbiz.de/10014536299
Persistent link: https://www.econbiz.de/10011546793
extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …
Persistent link: https://www.econbiz.de/10013503368
Persistent link: https://www.econbiz.de/10008664769