Anderson, Simon P; Gabszewicz, Jean Jaskold - C.E.P.R. Discussion Papers - 2005
, magazines, newspapers, the Internet, and television (the illustrative example henceforth). Most advertising expenditures are … incurred for these media. They are also mainly supported by advertising revenue. Early work stressed possible market failures … sides are coordinated by broadcasters (or 'platforms') that choose ad levels and program types, and advertising finances the …