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We consider a model of a TV oligopoly where TV channels transmit advertising and viewers dislike such commercials. We show that advertisers make a lower profit the larger the number of TV channels. If TV channels are sufficiently close substitutes, there will be underprovision of advertising...
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finance of public television. It goes beyond the conventional analysis in this topic, byshowing the spill-over effects that a …. These tensions arebeing felt in the television sectors of virtually every country of the world. To illustrate these and … advertising. The second novelty of this model is its pricing scheme, which capturesthe unusual nature of television advertising …
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