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In this paper, we empirically measure the effect of the DIVX preannouncement in the DVD market. We do this by measuring the effect of potential (incompatible) competition on a network undergoing growth. We find that there are network effects in the DVD market and that the preannouncement of DIVX...
Persistent link: https://www.econbiz.de/10005561038
In this paper, we will conduct an analysis from an empirical perspective concerning broadcasting demand behavior and characteristics. More concretely, we will assume three options (subscription patterns), namely, nonsubscription, cable TV subscription, and subscription to broadcasting services...
Persistent link: https://www.econbiz.de/10005561431
This paper discusses different mechanisms of subsidy allocation invoked by operation of law. We compare the allocation of subsidies via committees to the allocation of subsidies through the reference principle, which binds public support to performance at the box offce. The analysis is embedded...
Persistent link: https://www.econbiz.de/10005561489
Though widespread, the practice of public subsidies for cultural activity lacks a rigorous and consistent economic rationale. We analyze a canonical market structure that characterizes much cultural activity: the competition of mass-produced goods with heterogeneous non- standardized goods that...
Persistent link: https://www.econbiz.de/10005125963
industry. The changes assume the existence of a prevailing “structural superiority” of media companies over their contractual …
Persistent link: https://www.econbiz.de/10005126021
In this paper, we investigate the impact of economic incentives on the international supply of big-screen movies. More particularly, we also study the impact of a 1998 increase in the term of copyright on U.S. movie production.
Persistent link: https://www.econbiz.de/10005126035
This paper addresses the economic impact of German advertising regulations. The digital convergence of media provides a …
Persistent link: https://www.econbiz.de/10005126063
financial media. We find that major personal finance magazines (Money, Kiplinger’s Personal Finance, and SmartMoney) are more … for mentions in the New York Times or Wall Street Journal. Positive media mentions in both newspapers and magazines are …
Persistent link: https://www.econbiz.de/10005134846
establish direct markets for advertising. The media is viewed as an intermediary that can channel advertising and allocate it … efficiently by screening consumers. This screening process may result in excessive prices of media products even in competitive … markets, over- or underprovision of advertising, and in an overprovision of media quality for high income consumers (relative …
Persistent link: https://www.econbiz.de/10005412873
We present a model of the TV-advertising market that encompasses both the product markets and the market for TV programs. We argue that the TV industry has several idiosyncratic characteristics that need to be modeled, and show that the strategic interaction in this industry differs from other...
Persistent link: https://www.econbiz.de/10005412894